Initially, Plati will be custodial. Moreover, only cold wallet.

First of all, it’ll take me a lot more time to figure out non-custodial setups. Better delegated to a professional software engineer when the time is right.

Secondly, I’m not even sure about ability to secure a hot wallet correctly. Even though I think I can integrate automated transactions using my bitcoin node, I decided to go full cold storage at the moment. Again, a proper engineer will have to tackle this when it’s appropriate.

I’m using a “ship fast for proof of concept” approach (and even that took time!). But when I see it work in the wild, all bets are off: self-custodial, nostr, Lightning, Ark, you name. Everything will be explored, evaluated and integrated if proven useful.

So, obviously, users shouldn’t store on Plati what they’re not comfortable losing.

#PlatiDev