mostly likely wallet of satoshi spoke to a lawyer that told them they could reduce liability by removing the app from US app stores
if you have significant funds on wallet of satoshi you should transfer them to a self custody wallet
to the gents running wallet of satoshi: please don't shotgun kyc people, try your best to unwind it responsibly
Still appears in the Canadian Play store.
The official announcement states removal of the app from the US stores, but it should keep on working fine for the rest of the world!
What do you think about Muun wallet?
I use muun to aggregate (incoming only) onchain and lightning sats. Once I have a large enough number of sats, I send it onchain to my cold storage or mixer in one transaction to consolidate my utxos.
I try not to send lightning payments out using muun because their implementation of submarine swaps can cause high fees even when using lightning. Each transaction OUT requires both a lightning and onchain transaction. Lightning transactions in are fine because the sender pays the normal lightning fees.
Muun is great for aggregating all those little zaps into one big(ger) onchain utxo.
Thank you for your answer!
There seems to be a lot of that going around.
nostr:note1gz6d4mcu3435a2gdywkwcr9paw2zzcaeg76tzv0wytek3522qaws3se52u
They will be the last ones to admit they can't afford it.
Some thoughts about tether, You saw the seizure of 225 million dollars. There is another connection between the Chinese Triads and the Mexican cartels that use Tether to pay out money being laundered.
Considering that Tether is an offshore operation, And the US has no jurisdiction to shut it down, How do you see it unwinding? HSBC will literally take billions of dollars from illiterate Hong Kong citizens, And these kind of global banks are “too big to jail”. Do you think Tether is in the same position?
https://m.youtube.com/watch?v=E8wEGVIPJ_4
Some insight to how the Chinese tether laundering operations work.
Did you know something? nostr:note1a8djapqqgr50tnttx59x5hm4j6cus4vppktwv0tqcg2zusc4ztmsrclecf
ofc he didn’t know. Regulation happened🥲
What does being "removed from the app stores" have to do with safety of funds when it's apple removing the apps from people's phones and actually essentially rugging people?
We should be standing behind WoS to fight this war. They have been here from the beginning. Where would nostr be if there was never WoS?
I'd be lacking communication too if my community turned on me simply because of apples actions...
You do realize it's off android appstore as well? This isn't an apple only situation like damus.
Yes. And it will stay on my phone...
Just like when they remove amethyst next...
The only people that should have to worry are the idiots agreeing to apples terms of control by using their products.
The risk reward of using wos has shifted. It's still on my phone but empty for the time being. there's now an added layer of complication when it comes to recovery if anything unforseen happens to your phone/wos install.
I wonder if a bunch of people in your situation gave WoS their Gmail which is basically light KYC
Why do you liv6e custodians? Why don't you become a Bitcoiner instead?
Apple isn't taking any actions. WoS is an Australian company that has made the decision to no longer do business in the United States.
Not a chance that KYC isn’t the next move.
it is wise step remove from any "such jurisdictions" - while providing service to others. many others have done same in past paxos , localbitcoins, ...
Amen
We all know how this ends
Your post is being well-received.
Added to the https://nostraco.in/hot feed
many nostr natives don’t have enough sats zapped up to self custody them via the 50,000-100,000 lsp hurdle
i just sent my WoS zap/sats to enuts as it works with imported nostr contacts
Enuts is wicked good
Yeah nah,
ALL CAPS ODELL was more fun.
What is there to unwind, exactly?
WoS will keep operating in the rest of the free world. US people can withdraw their funds to any wallet of their choice, and they’ll have one less option for using LN.
Will be very fun onboarding normies on self-custody LN wallets in a high fee environment.
What’s the best way to get lightning sats back to on chain sats?
Hicieron un comunicado hace unas horas
Always wise words 🤙🍀💜
removing the app from US app stores will not satisfy regulators - they will expect kyc on all users globally to make sure americans are not using it
yes, that is fucked up but that is how large custodians have been treated in the past
removing the app from US app stores abruptly with delayed comms indicates a level of panic from their team that is a concern - the only responsible path forward requires deliberate action from the wallet of satoshi team to encourage users to withdraw funds ASAP - otherwise the next course of action is likely a panicked shotgun kyc of all users without notice
nostr:note1sgvwy56j9ys90wxrfyzscfqy6xs7jrlz64czjpgkhwenvwv8qelscccfl5
Do you anticipate similar from Alby and the like as well?
yes, any custodians that gain significant marketshare will have targets on their backs
time to figure out zaps on my CLN StartOS node...
Nice! Bookmarking for later. Have a Start9 so might have to get a clearnet BTCPay that connects over TOR to the node. 🤔
I assume this is "clean up" but the banks before BR ETF lands. Gotta herd the sheep toward the "correct" answer.
What noncustodial wallets can be connected to nostr without running my own node? I would like to run my own node but aren't set up for it yet.
nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm is going self custodial soon 🫡 nostr:note14wqhq6rj2syehvudsjum0x6daf0unmyjfyh4swm3t6vq77p7qm6qqmnsce
But they are not a US company & are located out of Australia right?
So things might get weird right?
us regulators are not known to respect borders
🫡
The US is not known to respect borders
Fixed it for ya 😉
He must be in all lowcaps mode due to the recent events
They've never had real resistance though either.
Get to a non-extradition zone, defy them, and show them how little power they actually have.
Laws are just chicken scratch unless you can enforce them.
They can enforce them. They will get whichever country they are based to enforce on their behalf. Nothing new there.
Correct. Any hostile government won't.
Australia is known to respect "laws".
💪
#runyourownnode
Can’t you still use WoS pseudonymously? How can I be shotgun KYC’d
who in their right mind would hold more than 100k sats on there? I have like $10 worth of btc on there I don’t give a shit what happens to those funds.
I’ll have it then
lnurl1dp68gurn8ghj7ampd3kx2ar0veekzar0wd5xjtnrdakj7tnhv4kxctttdehhwm30d3h82unvwqhk26t8dp6xsurjdaj82cm5xyeqgug80k
But I thought ya'll were gonna live in a black market utopia when SHTF nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx? These kind of capitulations are only the beginning. The majority own less than 1 BTC. They'll all be forced into the bolshevik banking cartel's approved custodians. It's okay. You'll feel vindicated while meme-ing from your beach house in El Salvador.
This is spot on. Nobody on earth can offer payments via internet without getting entangled in US executive dictates.
self host is necessary
self host is necessary
🫡
I don't know what exactly was the main ground in that specific case, but there is a new attack from FATF (especially on crowdfunding process via self-hosted wallets/ p2p transactions, encrypted messengers):
https://www.fatf-gafi.org/en/publications/Methodsandtrends/crowdfunding-for-terrorism-financing.html (page 30)
and one more in the EU on self-hosted wallets as post-MiCA legislative process from the side of European Securities and Market Authority :
https://www.europarl.europa.eu/RegData/etudes/STUD/2023/740083/IPOL_STU(2023)740083_EN.pdf
(page 86)
"Our commitment to providing a secure, user-friendly, and compliant platform globally is unwavering."
WoS is committed to compliance. You know what that means 🥶
they really can't stop anyone from side loading.
Whether the only option to freely use a centralized wallet in the future is to have KYC
It’s interesting to me that this happened so soon after this note. 🤔
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It's really as simple as: if you want to be an asset that has considerable value compared to US Dollars -- either go it alone (that is without US Dollar investment) or follow the same rules (CSAM bars, AML, KYC and sanctions) as USD.
Not sure which path is best right now. But that's only because I generally follow USD regulations as currently crafted. However, remember I was introduced to bitcoin because of anti-poker legislation in the US.
Eventually, yes we won't care about USD convertibility.
Shit, I better ditch my Canadian currency held in the US.
