Replying to Change this if you want

Of course I am shitting on custodial wallets like wos and primal also not exception! Today I said it that the apple cut off fees are too high and custodial way isn’t the way. But why I am bullish is because they are the first one who implemented such a model and the other clients will follow but with different models. NWC is good for plebs like me and you but not for the newcomers ! None custodial wallet implemented inside the client will be win and something like integrated robosats will be cherry on top.
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The Daniel 🖖 2y ago

Custodial wallets need to do the responsible thing and help educate users about withdrawing to self custody, I don’t see it being in their interest to be a bank, unless they are doing something shady with the deposits. WoS has a ridiculous limit of 5 BTC that they will hold for you. It should be more like 500K sats.

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15
Change this if you want 2y ago

Custodial wallets are the cancer. Thankfully to nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 Phoenix and Breez devs who are working hard to change it and shift people out of such models, custodial wallets will be eliminated. Development just takes time.

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The Daniel 🖖 2y ago

We need a way to get people their first sats zapped to them without having to open a channel, and without counterparty risk.

That’s like the Holy Grail.

15
Change this if you want 2y ago

I know I know. We will get there soon tm

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