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I disagree. Custodial Lightning Bitcoin is still way better than a bank account. - You can't open a bank account without KYC - You can send money without askin
by librecoiner 4y ago
I disagree. Custodial Lightning Bitcoin is still way better than a bank account.
- You can't open a bank account without KYC
- You can send money without asking permission
- You can receive money without asking permission
- You can send money *privately* (onion layer)
- You can send money around the globe faster
- You can always take it on-chain on L1 via a submarine swap
- cowtools 4y agoCustodial bitcoins defeat the entire purpose of bitcoin. The fact that you don't understand that speaks volumes about the bitcoin community.
- librecoiner 4y agoI don't use Lightning. That doesn't prevent me from seeing how Custodial Lightning solutions like "BitcoinBeach" in ES are miles better than Banks.
- cowtools 4y agocustodial ownership of bitcoins is a product of bitcoiners' defeatism: it only makes sense if you just want to make money and no longer care about the original values of bitcoin.
- preseinger 4y agoKYC is good, not bad.