Certainly not “the public’s” safety they a worried about

For everyone interested in neutrino aka compact block filter syncing check out this deep dive from @rustaceanrob: https://rustaceanrob.com/blog/13-cbf-design

Agreed. For me it’s the difference between walking to work and riding my bike. Both take effort, but I get there faster riding and it’s a lot more fun. I’d even ride in on the weekend some times just for the joy of it.

Great interview with Becca from the Anchor Watch team. I have a few related questions maybe or have a take on: 1. Is there any proposed legislation in the US to remove the penalty for insurers to use #bitcoin as backing for BTC denominated policies? 2. If an insurer was able to use and custody BTC to back a policy who would/could insure that custody? In wouldn't make sense to take a BTC denominated insurance policy from an insurer who holds their BTC with some shit place like coinbase. https://stephanlivera.com/episode/673/

For anyone following along at home check out the project's Q2 update!

See also: https://en.m.wikipedia.org/wiki/Gnomes_of_Zurich

Whenever I read about this bill I think "Faustian bargain". The stable coin folks get full access to the US market and all the money and power that comes with, but lose any pretense of privacy or censorship resistance. They think they can somehow cheat the Devil, but he always gets his due (in this case complete government/bank industry capture).

Agreed. First to figure it out will do a much better job preserving any future purchasing power.

Easier said than done. Most people don't know anything about bitcoin, money, technology, or anything else they'd need to self custody without the help of a 3rd party. I'd much rather recommend paid services that help people use self-custody than leave them to figure it out on their own. But by all means if you want to train your friends and family and co-workers how to use the available free options please do. We need more people doing that too, but it's a big responsibility.

You're right, digging in a bit most of these "every day" millionaire likely have it all in illiquid assets, mainly their houses. But these people do have the option to downsize a little and not use their primary residences as their only long term savings accounts. A related article from last year says there are around 5.5M people in the US with more than $1M in liquid, readily investable assets. I doubt many of them own, let alone self custody any bitcoin. https://www.cnbc.com/2024/03/22/the-us-is-the-top-country-for-millionaires-and-billionaires.html