cashu sats aren't bitcoin.
L-BTC isn't bitcoin either.
nothing will ever enable custodial IOUs to be bitcoin. it's completely impossible.
the custodian will debase and censor the IOUs. it's not different this time. you can count on this happening like you can count on communism failing. every time you make excuses for stripping off bitcoin's security model and giving control to custodians, you are speedrunning what happened to precious metals. stop being cute about it.
goatmeal /
npub1g0…7gqpz
2025-04-28 06:43:06
in reply to nevent1q…03ww
Author Public Key
npub1g0atme30l6s65rw6ulq2cqahq9lzmpj0sejhsjcqh0azlyg5cp4qf7gqpzPublished at
2025-04-28 06:43:06Event JSON
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"pubkey": "43fabde62ffea1aa0ddae7c0ac03b7017e2d864f8665784b00bbfa2f9114c06a",
"created_at": 1745822586,
"kind": 1,
"tags": [
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"content": "cashu sats aren't bitcoin. \nL-BTC isn't bitcoin either. \nnothing will ever enable custodial IOUs to be bitcoin. it's completely impossible. \nthe custodian will debase and censor the IOUs. it's not different this time. you can count on this happening like you can count on communism failing. every time you make excuses for stripping off bitcoin's security model and giving control to custodians, you are speedrunning what happened to precious metals. stop being cute about it. ",
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}