Damus
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Vitor Pamplona profile picture
Vitor Pamplona
@VitorPamplona
I am a self-custody maxi, but at the same time, custodial systems must NEVER fail.

Imagine if every 3 years Fidelity went bust and all people's assets were gone. That would be ridiculous. We have been far too forgiving to our own industry.

Do we really need goverments to force crypto companies to behave?

Or can we get cashu mints to NEVER lose ANYTHING out of just ethics and doing what is right for your users?

Stop playing around and start making resilient systems.
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calle · 65w
I don't understand this post.
Jeroen Ubbink · 65w
I think cashu is still quite young. Many developers jumped on board and eventually lost interest or did not have more time. It's still unpaid work in the end. The protocol still changes and probably still needs these changes to be better in the future. Maybe there should be more focus on (trying to...
vnprc · 65w
There are so many problems with this thinking I'm only going to address the most fundamental one: the central planning fallacy. You see it as an absolute necessity to prevent all failures. This is wrong and bad. It's the same dynamic we see in forest management. For decades the US forest service h...
Eric FJ 🪬⚡️ · 65w
Ideally market would converge on the most resilient ones. Failure and experimentation will and should always happen on the fringes- but I agree with “never fail” being the development goal
/dev/fd0 · 65w
I disagree. Custodial solutions must die.
SwBratcher · 65w
Must I really trust the cashu microcosm where I enter to exchange? If I can get rug-pulled by a system, someone is going to rugpull someone. And, that system set the victim up for the crime if I didn’t make it REALLY evident at the outset. Better yet, make it impossible.
TheWildHustle · 65w
Shots fired. I'm optimistic about cashu, and anticipate concerns being addressed. Seems like it's lurching out of its alpha phase.
moonshot64 · 65w
Personally, I would never have any sizeable amount of Bitcoin on any exchange longer than the required time to clear the purchase. But the masses will never self-custody. They're too lazy to learn or try to learn. Like it or not, that's the way it is and no amount of "education" will change that for...