Today I was reminded again, not your keys, not your coins. Also, custodial sucks. Downloaded the new SPEDN app, got an invite code, deposited BCH, only to learn you can't withdraw, only spend. What a joke. #dailymemo
I’m a base protocol maximalist- layer 2 is another abstraction like mortgage backed securities. And we all know the ending to that story, the house of cards.. scale on layer 1 baby. It’s the right way!
"The narrative which accuses BCH of "stealing the Bitcoin name" is one of the stupidest most misleading out there. Every holder of BTC received the same amount of coins in the new ledger, the only question is which
took over the comm channels, booted the devs, and completely reengineered something that was working great until they showed up."
Hmm BCH you make Bitcoin transactions - BTC u lock up your Bitcoin, and make off chain payments using a bank. I wonder which one is more akin to value transfer without intermediaries.