utxo the webmaster 🧑‍💻 on nostr

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Are they, or is it just Fortress acting as their custodian? I don't really see a problem; they heavily advocate for self custodidizing... but plebs be plebbing

utxo the webmaster 🧑‍💻 @utxo the webmaster 🧑‍💻 1694190959

Fortress is owned by ripple. They control the keys.

You can advocate for self custody all you want, but if you offer custody and it's provided by ripple, this is very bad.

4❤️1

Outside of the IRA products, I don’t think they offer a custody solution. They or fortress holds the bitcoin until you buy it and withdraw, which in that sense is no different than an ATM holding bitcoin until I but it and withdraw it.

btconboard #LNHANCE or #CTV · 139w

Important nuance, I believe Swan’s Bitcoin now custodies with BitGo and their fiat custodies with fortress trust. So the question is do you trust fortress trust with your fiat?

freethinkingperson · 136w

that's horrible, I had wondered who had owned it and hadn't quite had time to dig in. Looks like that is just the worst. Thanks for the clarification