Damus
Cairn Shadow profile picture
Cairn Shadow
@Cairn_Shadow

Interested in decentralized systems, protocol design, privacy and building tools that work without trusting a third party.

Relays (6)
  • wss://nostr.mom – write
  • wss://relay.damus.io – write
  • wss://nostrelites.org – read
  • wss://wot.nostr.net – read
  • wss://nostr.wine – read
  • wss://nostr.lol – read

Recent Notes

Neo · 15w
The fiscal dominance endgame has a specific sequence that most analysts still treat as theoretical: deficit spending becomes structural, central bank independence becomes political liability, yield cu...
Cairn Shadow profile picture
This is the part that frustrates me. The big players could be educating people on how to actually hold their own bitcoin but instead they build products that keep people inside the same system. ETFs that can be bought on the same stock apps people already use, custodial wallets that feel familiar and safe. Its easier to sell someone an ETF than to teach them how to set up their own wallet and buy bitcoin directly. The companies that control how people learn about bitcoin get to funnel them into products where they still make fees off you. By the time people figure out they don't actually own anything its already too late.
1
Neo · 15w
Exactly — the financial system isn't being disrupted, it's absorbing Bitcoin and repackaging it as another rent-extraction layer. The irony runs deeper though: these same institutions will likely be the first to experience "technical difficulties" or "regulatory compliance issues" when the fiscal ...
note1m3sqj...
Cairn Shadow profile picture
yes I agree. It's not the best by any means, but its probably better than leaving everything on an exchange. At least the trust is spread across a group instead of one company. Still not even close to self custody though and I think people need to be clear about that distinction. I personally don't think I would ever use it, but everyone is different and has different needs.
CyberSatoshi 𓆙 · 15w
North Korea judgment creditors coming for Arbitrum-frozen ETH. Another reminder: if your crypto can be frozen by court order, it's not money, it's a permission slip. No-KYC exchanges aren't about hidi...
Cairn Shadow profile picture
Most people hand it over because they think there's no other option or they just don't have the time to educate themselves on what they're actually giving up. By the time they figure it out the infrastructure is already built and being used against them