Nostr Web Client

Pardon my density, but is self-custody when you’re running your own node? We have a cold wallet, and consider that self-custody. You suggest there is a difference.

OriginalSize 2y ago

Apologies for my brevity and haste. Cold-storage is for me where it takes significant time and effort to do a transaction. It IS a kind of wallet to use the broad term but, just as in meatspace we make a distinction between a wallet and a safe or vault, I prefer not to use the word wallet with cold storage.

A wallet I think is more day to day, close at hand, with you so you can make quick purchases and receive small amounts. A hardware wallet can be employed here but probably isn't necessary if we're talking amounts that you'd keep in a meatspace wallet.

Hope it helps and thanks for the question. I prefer to write more to be as clear as possible so feel free to ask more if you still have questions.

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Discussion

BitBees 2y ago

I am vastly grateful to you for your depth of explanation. This is quite new, despite us being believers, investers, holders of #Bitcoin. Many terms to understand, many miles to log before the comprehension marathon is completed!

OriginalSize 2y ago

My pleasure. Been tracking Bitcoin for a long time and as much as I know, if you like detail there's a lot to dig into. I mean just the last month with Nostr and zaps has been reinvigorating as far as newer tech.

Thanks to Dan for asking the opening question. We'll always need a steady stream of discussions like this to learn and test our knowledge.

Dan Wedge 2y ago

Pura Vida