Nothing like gold, gold is mostly custodial therefore permissioned
Just remember bitcoin is proof of work, with on-chain censorship comes on-chain taxation and on-chain KYC. The benefits of sound money go out the window when you can arbitrarily tax it.
the benefits of bitcoin do not exist under white market custodial services. If it’s all custodial or even majority custodial we will get on-chain censorship, which removes any benefit of sound money.
The security of the network requires self custody and the ability for individuals to directly bid on blockspace.
Luckily Bitcoin has permissionless principle
Read it here :
https://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle
Kortik 🇦🇲 /
npub15l…z2796
2025-03-08 00:48:06
in reply to nevent1q…45rg
Author Public Key
npub15lmjekxgcl8337n0gnqnrcqatwyv9arhywjkvfh0x0tfjrn2nu2sgz2796Published at
2025-03-08 00:48:06Event JSON
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"content": "Nothing like gold, gold is mostly custodial therefore permissioned\n\nJust remember bitcoin is proof of work, with on-chain censorship comes on-chain taxation and on-chain KYC. The benefits of sound money go out the window when you can arbitrarily tax it.\n\nthe benefits of bitcoin do not exist under white market custodial services. If it’s all custodial or even majority custodial we will get on-chain censorship, which removes any benefit of sound money. \nThe security of the network requires self custody and the ability for individuals to directly bid on blockspace.\n\nLuckily Bitcoin has permissionless principle \n\nRead it here :\n\nhttps://github.com/libbitcoin/libbitcoin-system/wiki/Permissionless-Principle",
"sig": "33d64560a9b61578e09b398c8ffc80130e43e7dbbff2e7471456d16c0b1de8527f387b9ba22b9be09a9ff5c9194241b1171cffe563eb21497d1260e41db09d51"
}