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I'm amazed by what has happened to Bitcoin in the last several years. I played around with it about a decade ago, and that involved setting up a node on my lapt
by pkulak 5y ago
I'm amazed by what has happened to Bitcoin in the last several years. I played around with it about a decade ago, and that involved setting up a node on my laptop, creating my private key, and going to town.
Now everyone is trying to move to a second network (Lightning), but that system is so overwhelmingly complicated that no normal human being can actually manage it themselves. So everyone just has all their coin stored with third parties and no one actually has their private key anymore.
Take a look at one of the "wallets" sometime in your app store of choice. The negative reviews are complaints about onerous know-your-customer processes (make sure to scan your driver's license into your Bitcoin wallet, kids!), deposit and withdrawal limits, etc. From the reviews, you can't even tell them apart from PayPal/Venmo/et-all.