I don’t know the answer but I also wonder has anything actually changed legally that has required other wallet providers to take the actions they’ve taken, or has it all been out of fear of some future regulation that may not even come to pass? It’s odd.
Why is nostr:nprofile1qyt8wumn8ghj7un9d3shjtnrda5kummn9e5k7tcqyzagpxgxvmhskm6t55zex3a7kyey9ys723nfu6qqvn9825jk5836v8xsdxk in business but so many wallets shut down or fled? I'm just curious why their business model isn't scrutinized or apparently under threat? #asknostr
Discussion
It is odd because all these Wallets dissapeared or fled or shut down and then CoinOS pops out of no where and everyone's using it and there are no questions about it? Not that I'm suspicious of the company, but I'm suspicious about everything.
im suspicious of it for sure, but they dont have any info on their users unless you give them an email to notify you of stuff. Their github repo is available for viewing
I'm really going to have to learn how to program this year so I can at least begin to grok certain code bases.
It’s been around for several years, maybe as long as Alby although don’t quote me on that. I remember trying it when I first heard about it but personally didn’t use it much because the UI was browser based and that weirded me out lol. I think with the other wallets shutting down in the US it has just been a natural migration of users, especially for Nostr users since it supports NWC.
Ah so many it's just one of those things that looked like it popped out of nowhere but as you correctly point out it could just be my attention was drawn to it because it became popular due to migration. good point.
That’s how I view it, but I am still curious the answer to your original question about why others have shut down but they haven’t.
It remains an open question.
Wasn’t it the money transmitter regulations of the US that scared them off? (hence WoS not being available to the US). nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch is Canadian so perhaps there are different regs there?
But they permit US customers and so presumably would be subjec to US laws. For example WOS removed itself from the US for that reason.