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2026-07-15 11:21:47 UTC
in reply to

fiatjaf on Nostr: I used to think there were two ways of scaling Bitcoin: one would be with trusted ...

I used to think there were two ways of scaling Bitcoin: one would be with trusted entities, i.e. banks, but deployed in a decentralized way that limited liability and government capture, and the other way was with Drivechain.

Given what we're seeing with all the Lightning custodial wallets being targeted, implementing full KYC and migrating to Spark (which is becoming almost the one world central bank) that first option is looking worse.

(To be fair my plan was never to have these companies be the custodians in the first place, but it was a bad plan anyway.)