Replying to Avatar StackSats.IO

I keep $100 cash in my laptop case in case I need it. I’m not going to be in hardship if that got nicked.

That’s how I approach WoS - I’ll keep enough there to be useful knowing I am at risk of rug and I’m not going to cry if i lose it because the risk is acceptable.
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finch ☦️ 2y ago

The $100 cash is still in your possession

Sats in WoS are literally cucked sats that another man owns

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StackSats.IO 2y ago

I don’t own the cash either. Yes it’s in my possession but so are the Sats in my WoS..

If the government declares tomorrow that $100 bills are no longer legal tender (as they’ve done in India and recently Nigeria) then I get rugged too.

The point is I can accept the risk of those rugs and I do because I prefer the tradeoff. The bigger problem is many people don’t understand those risks in the first place, if you do then it’s ok.