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