Thread - Nostr Hypermedia

2) Dude you know what he means. You're giving up your Bitcoin to custodians for an IOU. The "Ecash is self-custodial" argument is a misdirection. The same Bitcoiners making such a point over this would NEVER say "technically you're self-custodial because you custody the shitcoin token 🤓" if a custodian took your Bitcoin in exchange for literally any other shitcoin token out there

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Keychat 1 year ago

>You're giving up your Bitcoin to custodians for an IOU. Yes, we know this. Check below note: View quoted note → >The "Ecash is self-custodial" argument is a misdirection. When someone says "Ecash is self-custodial," they are not denying the statement "You're giving up your Bitcoin to custodians for an IOU." What they mean is that if you lose your ecash, it cannot be recovered. This ecash is the unique proof, and there is no account that can restore it.

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