MAHDOOD on Nostr: This is the primary difference between gold and bitcoin. Under a gold standard, ...
This is the primary difference between gold and bitcoin. Under a gold standard, you’d hold a majority of your net worth at the bank because gold is too heavy and keep a small amount with you. That means your rug risk is high. Under a bitcoin standard, you’d hold a majority of your net worth yourself and hold a small amount with the custodian. The custodian holds a small portion of your bitcoin so the rug risk isn’t devastating. I’m pretty content with small to medium transactions being primarily done on custodial bitcoin wallets. I imagine that the fees you save will exceed the rug risk over time anyway.
Published at
2025-02-23 15:57:33Event JSON
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