What is Nostr?
melvincarvalho / Melvin Carvalho
npub1mel…5c24
2024-08-27 09:38:08
in reply to nevent1q…0c3d

melvincarvalho on Nostr: I like john more and more. Im cautious around the phrase "the reason X was invented". ...

I like john more and more. Im cautious around the phrase "the reason X was invented". We dont know the reason, or if there was only one reason, or if that reason has changed over time.

Two reasons stand out. One is to make payments without having to go through a trusted third party. The other is to make a money system that is not debased by a central authority.

Custodial bitcoin is obviously a trade-off. One one hand it weakens the trust guarantees, on the other it increases the network effect. You can make the case for either. I like non-custodial tho, for those that know how. Or to educate new users over time.
Author Public Key
npub1melv683fw6n2mvhl5h6dhqd8mqfv3wmxnz4qph83ua4dk4006ezsrt5c24