my friend. the cost is not time or convenience but trust.
if you want to maintain Bitcoin as Money only the trust for the ledger matters.
to preserve the trust, you have to, as you say,discourage any inflation and devaluation of its value.
by conceding the handling of transactions and proof verification to anyone but the network you forfeit trust.
by conceding the trust to a significant portion of the economy to off-chain schemes and federation of servers/oracles/voting pools you necessarily create more risk and enable possibilities of fractional reserve schemes.
nothing that happens on gox-like ledgers matters to Bitcoin and its future success.
lol
well I think *this* is where we disagree
I don't believe that people who lost coins on Gox are glad they "remain in circulation somewhere in someones hands."
Probably because that someone's hand is likely the same one who took it from theirs..
any scBTC that get lost in an attack or SC failure get lost forever.
Well you see to me this is not necessarily a bad proposition. it encourages prudence and financial awareness. It instills respect first and foremost for the store of value.
but the real problem is the offramp; the spvp which breaks the sound money function and ruins everything for everyone.
the off ramp exists in many form and is not unique to spvp proof verification.