Also, under the covers I think the new WoS is using "Spark" to claim that it is self-custody. There is some debate about this claim -- https://stacker.news/items/1020261 -- I don't pretend to have the correct answer, but there is definitely some debate about it... (*also Spark requires that David Marcus not spill coffee on his servers, since Lightspark is the only company running a "spark operator")...
Hey nostr:nprofile1qy2hwumn8ghj7etyv4hzumn0wd68ytnvv9hxgqgswaehxw309akkumpwwccxctnfduqzp0sa39u5h7fduhwkfs0xpa4zcuxpgz46exfjgx87uvx9ccmla9renq7986 team, does WoS self-custody support NWC? Looked on your site and searched FAQs but could not find anything. #asknost #askwostr
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LOL - I literally just spat my coffee out - thank you for that. Correct, have not updated my profile with my new Rizul address, will do that now. I have a strong, unique password for Rizful and enabled 2FA - but is there no seed phrase backup? I got (and securely saved) the recovery codes.
No seed phrase backup. Rizful is design for normies to keep small amounts of sats in. There is a lot of disagreement on this issue, but our belief is that normies absolutely can't be trusted with seed phrases, and if you give them one, they will either lose it or someone will scam them into giving it up in a chat.
To clarify. At most, normies can be trusted with one (1) seed phrase, which they should use with their hardware wallet. (If they're competent enough.) This is where they should keep 99.9% of their sats. The remaining 0.01% of their sats should be put in a secure but very-easy-to-use web-based system like Rizful.com.