Terrible take. But you do you.
Discussion
If it's terrible tell me why custodial sats are better than your average shitcoin. Why is it ok to use a shitty centralized service for zaps you don't applu the same ethical tolerance towards other web3 crapware?
Because most people are not going to spend $400 + on hardware or pay $8.00 a month to earn 10,000 sats per month in zaps.
Wallet of Satoshi works, we just need to tell people any bitcoin they keep on it is not their bitcoin.
Most shitcoins also 'work'. Does that make it ok to promote their usage?
Bitcoin is absolute mathmatical scarcity. Shitcoins can't rediscover that. That's why they don't work.
This is about trade offs, not purity tests.
WOS does not solve the double spending problem.
I think this is okay if you're talking about zapping and recieving 100k sats a month.
If you need more than that, use Phoenix and transfer your non-custodial sats every month.
I've also used custodial lightning addresses. Mine only worked about half the time. I've also lost at least a million sats breaking various nodes over the years. I also can no longer withdraw the sats I earned on yalls.org because of it.
It is my opinion that you can expect to lose more sats using self-sovereign lightning than by keeping small amounts of bitcoin on a custodial lightning service.
That doesn't mean I think you should use shitcoins or give your life savings to blackrock ir FTX.
Custodial bitcoin is a shitcoin. So is L-BTC. So is W-BTC. Is it ok to use those for small amounts?
Again, it's all about tradeoffs, not ad hominum attacks. I don't know what W-BTC is, but I look at Liquid BTC the same way. Actually, I believe liquid BTC has better trade-offs than Wallet of Satoshi.
What do you think about Fedimints? Are those shitcoins too because they are non-custodial?
What ad hominem?
All the above are paper bitcoin withtrusted thirdparties. Custodial tradeoffs don't make sense to me because they destroy the very purpose of what bitcoin is. If yoi don't take self custody, then it has no advantage to other forms of money other than it is more inneficient.
If these third parties don't make sense for small transactions, what does?
Should everyone use a 3-of-5 multisig for a 10,000 sat UTXO?
I don't claim to have all the answers. I just don't compromise with shitty ones.
I think the Uncle Jim model, while not perfect (nothing is perfect) is better than Wallet of Satoshi.
To be fair, fedimints are kind of a shitcoin, but with decent trade-offs that hopefully keep them honest.