Yes, you should assume that.

And remember this is what the new nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq is built on, and many other wallets will soon follow. The UX is good. The products will be very popular. But don’t let the “self custody” claim fool you. Your transactions on Spark will be as traceable as any custodial wallet.

Reply to this note

Please Login to reply.

Discussion

Dannnng did not realize this 😔

Not only traceable... it's entirely trusted

nostr:npub13ljnkd633c7maxatymv3y2fqq8vt3qk7j3tt0vytv90eztwgha9qmfcfhw & nostr:npub1ajlrwgfj4yerhqf7ady03h7wmtk2qr3gs7h3sxcx83k05yld36sswpzx3q please note that this is an issue that our community @BitcoinParaguay is paying attention to

We do not support KYC in any form and will aggressively educate and move our community away from all such products

nostr:nevent1qqs8saufzcml8rja3fqgrz0mx93vwllj96h59lmd7d42upqpqfrltjgpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgjt2lzw

It’s unfortunate and extremely disappointing that the self-custody term is being used so blatantly.

Yes, it’s a misnomer if you’re being lenient and outright deception if you really think about it. There should be another term for it, but I’m not sure what that would even be. Maybe “self-service custody” is a better way to say it.

I’m not even saying that Spark as a technology doesn’t work, or there isn’t a use case for it. But pretending it’s the same thing as true self custody just because your app has a seed phrase is a dangerous illusion that I think hurts us all in the long run.

Learn faster. Only way. It’s still self custody but transparent.

Next step: own node