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And that's why US people and merchants will be the LAST ones in Bitcoin adoption.
Because they will always fall into this trap of using the so called "bitcoin debit cards" instead of just pushing the acceptance of Bitcoin in shops.
Just finishing my training before my first full marathon!
Already have a couple of videos in the pipeline to publish in my Bitcoin Youtube channel.
@ekzyis, is @unpaywall off for the weekend?
Please let's not start saying that ecash is self-custodial. It is not.
You hold the ecash, we get it. The ecash part is non-custodial, ok. It's been thought of that way since the 80s. It's fine to think that way if you're literally the central bank and the ecash you issue IS THE MONEY AND NOT A REPRESENTATION OF AN UNDERLYING ASSET – only a central bank can do this. Repeat with me: Only a central bank can do this.
Ecash today is a representative of an underlying asset. In Cashu and Fedimint that's BTC. You give up control over that underlying asset. You measure everything in terms of that underlying asset. It is all about the underlying asset. You have NO GUARANTEE WHATSOEVER TO REDEEM THAT UNDERLYING ASSET BACK – ecash systems the way we are building them today ARE CUSTODIAL – please don't make things more complicated than they need to be. Please do not manipulate language and especially, do not confuse noobs who are still learning. I almost want to say that a framing like this irresponsible.
What are you going to say to the noob who wants their Bitcoin back but the federation broke down during an update and the database got completely rekt? How is that non-custidal or self-custodial or whatever the opposite of custodial is.
With all due respect, this is a bad take.
I find it really depends on the individual. I know people who can just jump into a project / task without a plan and able to complete it very well. I also know people who can't even begin to work without planning out every little detail.
Personally, I like to have an idea / an outline of the project and try to divide it up into smaller tasks that I complete according to dependencies and according to urgency. At the same time, I always keep in mind that things don't go according to plan most of the time, and will change my plan / adapt along the way, according to the current situation.
I find that having a plan that is simple, straight forward, and easy to communicate is especially important when working with other people. Other people cannot read our minds, at least not yet, so it's better to have a plan that can be communicated to others such that others know what you will do and what to expect. As misunderstandings and arguments usually arise from miscommunication and difference in expectations.