@CSB@noauthority.social this is wrong, though.

Firstly, with Bitcoin itself, there are ways built in to the technology to enable wallet recovery. If people aren't using those mechanisms, well, that's a different matter.

Secondly, even beyond Bitcoin, in modern finance we certainly have solved these problems with things like insurance and custodial relationships.

There are other reasons Bitcoin doesn't catch on, but this isn't it.

@volkris @CSB Custodial relationships go against the spirit of Bitcoin and cryptocurrency, though.
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@Hyolobrika I don't think so at all.

To the extent that we can identify a spirit ( :) ) I'd say giving end users the authority to enter in to whatever sort of relationship meets their needs is exactly what Bitcoin is aiming for.

It pushes those decisions out to the individual user of Bitcoin rather than forcing them into a fairly limited set of approved possibilities.

If I want to enter into some sort of custodial relationship because that works for me and my needs from currency, Bitcoin empowers me to do so.

@CSB@noauthority.social

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