WoS on ledger doesn't make sense because WoS does all the signing on their servers.
Cold storage is safest, then self-custody wallets, then custodial is riskiest because it comes with counterparty risk.
Discussion
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.
They mentioned wos not sovereign lighting node operating channels
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.
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!
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.
Pura Vida