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.
Discussion
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.
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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