Exactly right. If you trust someone you trust someone. By the way our clients sign terms of service agreement directly with a qualified trust company. For them it is a first party agreement, not a third party agreement. So you either trust a bitcoin startup that they’ve done all the right things, or you trust a qualified custodian, which has much more proof of work (soc2, billions in custody, track record, legal
framework for segregation of client funds, etc).
skwp / yan
npub1fq…u536l
2023-08-22 18:35:49
in reply to nevent1q…tjmn
Author Public Key
npub1fqn4fgzkk8nm2x3wd600n935c9tc7xgg9jhk5dfa0kuvrgvsyv7sgu536lPublished at
2023-08-22 18:35:49Event JSON
{
"id": "c9354db506c1c06dcbdc1e613cb94214095d056b2ac9efb5f17eea7023aa80e4",
"pubkey": "482754a056b1e7b51a2e6e9ef99634c1578f19082caf6a353d7db8c1a190233d",
"created_at": 1692729349,
"kind": 1,
"tags": [
[
"e",
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""
],
[
"e",
"f0fa7d9ab31bfc0a396efcebe29799a113c8a9a3621447e9d99b06a89af5a76f"
],
[
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],
[
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],
[
"p",
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]
],
"content": "Exactly right. If you trust someone you trust someone. By the way our clients sign terms of service agreement directly with a qualified trust company. For them it is a first party agreement, not a third party agreement. So you either trust a bitcoin startup that they’ve done all the right things, or you trust a qualified custodian, which has much more proof of work (soc2, billions in custody, track record, legal\nframework for segregation of client funds, etc).",
"sig": "e9a318c2dc5fd2ae6abcf21968cd3f53c477cab385adad885f3a6fe73021dcb3a09f0ed542b72e8943f99b4dc9259724db317a743c03aaee344539f0c70ceacb"
}