Kortik 🇦🇲 on Nostr: Nothing like gold, gold is mostly custodial therefore permissioned Just remember ...
Nothing like gold, gold is mostly custodial therefore permissioned
Just remember bitcoin is proof of work, with on-chain censorship comes on-chain taxation and on-chain KYC. The benefits of sound money go out the window when you can arbitrarily tax it.
the benefits of bitcoin do not exist under white market custodial services. If it’s all custodial or even majority custodial we will get on-chain censorship, which removes any benefit of sound money.
The security of the network requires self custody and the ability for individuals to directly bid on blockspace.
Luckily Bitcoin has permissionless principle
Read it here :
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle
Just remember bitcoin is proof of work, with on-chain censorship comes on-chain taxation and on-chain KYC. The benefits of sound money go out the window when you can arbitrarily tax it.
the benefits of bitcoin do not exist under white market custodial services. If it’s all custodial or even majority custodial we will get on-chain censorship, which removes any benefit of sound money.
The security of the network requires self custody and the ability for individuals to directly bid on blockspace.
Luckily Bitcoin has permissionless principle
Read it here :
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle