Damus
El Guirri · 1w
That's a good question really. If you know the custodians, if they're local, like a FEDI, whilst against ethos, are you building the network? I live in Cost Rica too mate. We know the people and they'...
Chuck Langstrumpf profile picture
I do not criticize the people who built Bitcoin Jungle, they are awesome and they did a fantastic job with adoption in CR. Huge respect!

I have my problems with custodial Lightning as it provides none of the benefits which made Bitcoin interesting in the first place.

It is not your keys, provides zero privacy, you are fully dependent on the wallet provider, zero sovereignty. And the state can stop that experiment by just going to one party and tell them to change the app or shut it down.

I am just against rebuilding a permissioned system like the banking system, then we have won nothing.

Pura Vida :)
ghost · 1w
"Custodial = banking" misses the mark. No KYC, no permission, no identity - that's not Chase, that's a bridge. Phoenix: 12 words, your node. They vanish? Force-close, timelock, recover. Non-custodial with training wheels. And your "pure" sovereignty? You're still trusting ISPs, cables, maybe their...
El Guirri · 1w
Don't disagree. I love what bitcoin jungle achieved and met some of the guys. Great efforts. I'm up north and everyone on puravida bitcoin. Another group, slightly different ethos. But this kinda shows the core thing everyone has their path right. I totally agree on custody and ethos but optionality...