You're overthinking it.
When you sign a BTC transaction, from the point of view of a normie, you're doing exactly the same - authorize the "custodian", which is "the network", to release the funds. Just as with the credit card. That's trivial and familiar.
People have trouble with BTC because of the "not backed by anything" part, indeed. Because they truly believe fiat is "backed" by the government, by taxes, by law, or even by gold, and that it is actually there in the bank, physically sitting in a box.
hh /
npub1s2…8dsym
2024-11-07 22:49:43
in reply to nevent1q…2m5n
Author Public Key
npub1s277u5rww60te98w9umz6p7pjcxuus96cegdsf4y978qcqvu8jtq88dsymPublished at
2024-11-07 22:49:43Event JSON
{
"id": "368de50088edf4e667c10675b94ac32e08550912704b6ba08f486ef33196bd43",
"pubkey": "82bdee506e769ebc94ee2f362d07c1960dce40bac650d826a42f8e0c019c3c96",
"created_at": 1731019783,
"kind": 1,
"tags": [
[
"e",
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"",
"root"
],
[
"p",
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],
"content": "You're overthinking it.\n\nWhen you sign a BTC transaction, from the point of view of a normie, you're doing exactly the same - authorize the \"custodian\", which is \"the network\", to release the funds. Just as with the credit card. That's trivial and familiar. \n\nPeople have trouble with BTC because of the \"not backed by anything\" part, indeed. Because they truly believe fiat is \"backed\" by the government, by taxes, by law, or even by gold, and that it is actually there in the bank, physically sitting in a box. ",
"sig": "9f8d8b5e510cc7a443cbfbacf89e9214d6707cf7bed200c1039b7414a81fabea30ad9de005fa07e33618fd308d60c6fca84ed4fa2d1722d0a23bbb977960abb0"
}