The Custody Trap

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https://sethforprivacy.com/posts/the-custody-trap/

Table of Contents The basics A case of broken incentives The custody trap Is it all doom and gloom? The only thing scarcer than Bitcoin is time A path forward: Ark One of the most popular new technologies in the Bitcoin space has rapidly become e-cash, a system that allows anyone to easily spin up a new custodian that can issue and burn e-cash tokens backed by Bitcoin. This system works around many of the core issues with onboarding new users to Bitcoin or with using Bitcoin as a daily spending tool, but it does so at a great cost – the loss of custody. While many view this tradeoff as reaso

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