* you are not private to the custodian, whoever they sell/leak their data and any authorities that can coerce them
* it's not chaumian e-cash, you can't know if you've been rug-pulled, your sats will be rehypothecated
* it's not censorship resistant, there's a single point of failure, they can freeze your account at any time
* it's basically PayPal-like honeypots affinity-scaming by pretending to have the same properties as bitcoin.
* "small amounts" is the candy they use to lure the masses in
sommerfeld
npub16r…kz5pl
2023-02-20 20:38:06
in reply to nevent1q…757u
Author Public Key
npub16r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqdkz5plPublished at
2023-02-20 20:38:06Event JSON
{
"id": "157721ccce0c461a5938687850c0731e075be74f80f1fb5d173a443ce252f1a5",
"pubkey": "d0debf9fb12def81f43d7c69429bb784812ac1e4d2d53a202db6aac7ea4b466c",
"created_at": 1676925486,
"kind": 1,
"tags": [
[
"e",
"eb2b2ba71c3d6d92acbdbdb33342f84b9b6371e29f6df8b6d777dd7563ef4db6"
],
[
"p",
"af30bf9b7c8843a1f323699a8320a879dfee4b17512696fec39969db284af14a"
]
],
"content": "* you are not private to the custodian, whoever they sell/leak their data and any authorities that can coerce them\n* it's not chaumian e-cash, you can't know if you've been rug-pulled, your sats will be rehypothecated\n* it's not censorship resistant, there's a single point of failure, they can freeze your account at any time\n* it's basically PayPal-like honeypots affinity-scaming by pretending to have the same properties as bitcoin.\n* \"small amounts\" is the candy they use to lure the masses in",
"sig": "73d74fff62032d95a9e821c5c5882267593c6707d9f5757660822d77f28496f9ccef85dc0ce614c6efc22d25524fe070fa80c83a6609c76184876ae6ea768302"
}