I would say it is custodial Bitcoin but self custody of LBTC. Federated tokens and ecash where you actually hold and control the keys but the token is to be redeemed for trusted BTC makes for an odd categorization, imo.
In other words, I think it’s self custody of a credit token. Much like a banknote. Hard to decide if that makes it clearer or more complicated. But it definitely isn’t self custody BTC, you must have full power to withdraw without any other parties for that to be the case. Definitely doesn’t meet that requirement.
TheGuySwann / Guy Swann
npub1h8…6rpev
2025-04-02 18:34:18
in reply to nevent1q…78cd
Author Public Key
npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpevPublished at
2025-04-02 18:34:18Event JSON
{
"id": "ecaab521ed32a3c008ba605d9298f64f06ad2b6bc4e3343d59872322a1d6b31c",
"pubkey": "b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc",
"created_at": 1743618858,
"kind": 1,
"tags": [
[
"e",
"ae458af691f8672944325d7b4fd1fe5666b62481d0cc42015ba14554741492df",
"wss://nostr.oxtr.dev",
"root"
],
[
"p",
"3d2e51508699f98f0f2bdbe7a45b673c687fe6420f466dc296d90b908d51d594"
]
],
"content": "I would say it is custodial Bitcoin but self custody of LBTC. Federated tokens and ecash where you actually hold and control the keys but the token is to be redeemed for trusted BTC makes for an odd categorization, imo. \n\nIn other words, I think it’s self custody of a credit token. Much like a banknote. Hard to decide if that makes it clearer or more complicated. But it definitely isn’t self custody BTC, you must have full power to withdraw without any other parties for that to be the case. Definitely doesn’t meet that requirement.\n",
"sig": "f5fdaf0b8fdc03dabd05897b358d469b4b3a53ba67060823793d4c7168de2a613062885e8746c916c74c14d5db9e780465eb50e316b65d3537fcc295c6b78d56"
}