sLiD on Nostr: What is the current feeling and outlook here for bitcoin nostr regarding UTXO ...
What is the current feeling and outlook here for bitcoin nostr regarding UTXO ownership when we scale with mass adoption? Will #bitcoin UTXO be owned by individuals/group of individuals (stuff like Fedimint) or will we go for centralization to custodians?
I will share that a good friend of mine even more invested than myself has no interest in the risk of self custody and the whole concept of ownership is not really the value prop that got him invested. I am currently his bank and I'm essentially custodying it from him since I have some comfort in holding my own PK.
All this to say that, although I want to see the people truly own the money and fruit of their labor, I don't think that the masses even want to have accountability and responsibility over securing their stash. The comfort that my buddy feels in having someone else hold it for them is too appealing.
Anyway, what are your thought?
I will share that a good friend of mine even more invested than myself has no interest in the risk of self custody and the whole concept of ownership is not really the value prop that got him invested. I am currently his bank and I'm essentially custodying it from him since I have some comfort in holding my own PK.
All this to say that, although I want to see the people truly own the money and fruit of their labor, I don't think that the masses even want to have accountability and responsibility over securing their stash. The comfort that my buddy feels in having someone else hold it for them is too appealing.
Anyway, what are your thought?