Oddbean new post about login | logout yeah its a nice try bro but hes talking about chaumian ecash banks. which is maybe also something Saylor could do and we'd cut him a break. but they're still custodial and a rugpull risk so.... maybe not.
Everything has trade offs. I think Ecash is fascinating but personally I keep everything in cold storage aside from some sats for zaps. But what Hal is pointing out here is similar to what Saylor has been talking about. That the option to take self custody at any time forces players to act more honestly. That doesn’t mean it doesn’t also introduce counterparty risk.