Oh, it gets better, they won't let you withdraw all your money. They are keeping 1% of everyone's money who tries to withdraw and 100% of everyone's money who doesn't (and they'll get a coupon in return)
Discussion
And when you try to transfer 99% of your wallet, or even less than that, it also fails saying you need to keep 1% around for fees.
Way to burn the reputation you've been earning over the years. I'm sad so see things go down this way.
Apparently you can get 94% out, but now I've tried too many times and they won't let me send money out. Guess I'll try again later. 🤡🌎
I managed to get all but 10 sats out. A small price to pay in the end.
To be fair, this move could be seen from a mile away.
I wanted to believe. They spent so much time helping out people on nostr when they had trouble, keeping servers online, building self-custody solutions.
I thought they were a group of cool cats, doing what they loved, building the technology of future. I didn't think they'd pivot to acting like a VC firm.
The 1% hold is pretty standard across all custodials. Withdraw 99%. then withdraw 99% etc till you get down to 2 sats
It'd be nice if they accurately described what the hold was. I tried 95% and it failed saying I have to have 1% reserved for fees. 🙄
Now that I'm down to 10 sats, I can send out a single sat. One of us doesn't know what 1% means.
Calculating lightning fees upfront is tricky. People exploited 0% reserves. That's why had to introduce it too, like many other wallets.
Let us know how much is stuck in your wallet and we'll reimburse the rest.