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nostrich · 3w
Casa Cakewallet. The more one wants to please the mainstream the worse every products get. This is so bad, I will have to warn people of using Cakewallet. It especially endangers Monero users that ...
Daedalus profile picture
I still like Cake. I think there's much virtue in having an everything wallet that still takes privacy and security seriously on chains that have basically 0 privacy like Bitcoin. It's one of the only wallets that can generate and recieve Silent Payments on Bitcoin and one of the only wallets that support MWEB on Litecoin.

As for Lightning, it just sucks. You have to assume you have 0 privacy unless you set up your own LND node. Even with LND you still are susceptible to stolen funds from your channel peer and have to monitor the channel or have a watchtower monitor it. Lightning is inherently risky.

As much as I detest LSP wallets and Spark even more so, it's just not possible to have good UX without them unless you go 100% custodial which is even worse. I think this is definitely a blame Bitcoin culture than blame Cake Wallet.

What wallet can you seriously recommend to normies that will be able to do all of the swaps on all of the major chains AND Monero in a good UX with such strong defaults for privacy? Edge wallet sacrifices privacy for better UX and Unstoppable Wallet sacrifices lots of privacy features.

If there was a good alternative for a lightning implementation I would agree but it's literally Spark or custodial right now to recieve lightning offline, so its this or Cake just doesn't offer it. Lightning is a failed project.
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nostrich · 3w
Stackwallet does all that. Unstoppablewallet is another multicoin wallet. Any multicoin wallet comes with risks for privacy that should be well communicated eapeciallybif they started Monero first.