ODELL on nostr

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@ODELL 1699891612

wallet of satoshi is a closed source custodial bitcoin wallet that many bitcoiners have installed on their phones with camera and clipboard permissions, most new bitcoiners throughout the developing world use it, and the overwhelming majority of nostr users

in my mind there are only three possible scenarios for WoS: rug, shotgun kyc, or deliberate honeypot

11840❤️100🤙61❤️5🧡4✅3⚡2

Duchess · 136w

TBH I’ve been feeling this for a few years now. I don’t have much on it as it’s just one of the wallets I use when showing friends how easy things are, but yeah this thought has been in the back of my mind for some time now.

rare (⌐■_■)っ♨ · 136w

Why not all three? https://media3.giphy.com/media/3o7aTtzyBVUQn7PzDa/giphy.gif

HeyWatchItGuys · 136w

Which wallet to use if not WoS?

Cristina · 136w

What are your thoughts on Muun?

RenaissanceMan · 136w

Which is why I only keep <$100 on it. It trumps all others for speed and convenience. But like much of the internet, all that functionality comes at the expense of privacy and security.

PSA: these are also the only possible scenarios for a fedimint We need dynamic, annonymous, sybill resistant, and incentive aligned custodian federations ASAP.

The ₿itcoin Artist · 136w

I use it for small amounts as part of getting in the habit of using sats. I think that has some merit as a bridge or learning step.

It's fine fore small amounts. Don't worry, be happy!

Fuck! How did it get this wide currency!!!

Never trust a custodian. Fuck wallet of Satoshi. Its depressing how many "Bitcoiners" use it and Justify it with bullshit statements like "Oh I'm only keeping pocket change in there, it doesn't matter."

SATSMAN · 136w

What's everyone using then?

Two questions, do they make any money from transaction fees? On IOS what do you recommend to replace it. I’ve seen Zeus and Phoenix to be decent?

SATSMAN · 136w

PringleMac · 136w

Because of you I went to Phoenix 🫡

kman2140 · 136w

Mate, this is bullshit.. nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq have done more for onboarding than anyone. Yes, everyone should run a node, have a hardware wallet and eventually open their own ⚡ channels.. that doesn't happen overnight though.

Then what role does Nostr play in this? And lightning & zaps? The only reason many, a huge majority, of people even knew about WoS was because of Nostr & ease of zaps etc. Lightning is just not user friendly and they made it EXTREMELY simple.