Derek Ross on nostr

At the risk of getting blocked by all the zap-o-maniacs ... LN is great but to celebrate zaps as circular economy that just works is pathetic. 99% are custodial with some 3 providers. 100% of zaps ar...

Derek Ross @Derek Ross 1680701661

I agree that most people gravitating towards custodial solutions is bad. However, that doesn't mean that people are keeping all of their sats on these providers. Maybe once they get to 100K they send to their own node or non-custodial solution? That's what I do. I only keep an amount of sats out there that I'm okay with losing. Once non-custody Zap solutions exist, this will get better. Fingers crossed for BTCPay server's PR to get completed in a timely manner.

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StackSats.IO · 152w

I’ve got multiple custodial and non-custodial. Testing lots of things is part of being on nostr. WoS is best for zapping right now, if my custodial solutions get to that level I’ll switch but I don’t mind having a bit of “cash” for zapping that could get rugged in exchange for the best UX ...

nobody · 152w

Lightning is so complicated and so cumbersome to settle your ln sats back to L1. Nothing about it is smooth beyond WoS playing the role of a centralized back/excel sheet. Is it cool, sure. Is it true to Bitcoins principles? No.

Leo Wandersleb · 152w

I hear this sentiment a lot but you are a maker and probably an influencer and net-receiver of zaps. Most plebs will never have their own nodes and those will get hurt if WoS "gets hacked". I worked for a self-custodial mobile wallet and we had users with more then $100k in our product and my estim...