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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?

sommerfeld 2y ago

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.

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Discussion

₿logging₿itcoin 2y ago

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?

sommerfeld 2y ago

I don't claim to have all the answers. I just don't compromise with shitty ones.

₿logging₿itcoin 2y ago

I think the Uncle Jim model, while not perfect (nothing is perfect) is better than Wallet of Satoshi.

sommerfeld 2y ago

Being better than WoS is a really low bar 😂

₿logging₿itcoin 2y ago

Yeah, but it would at least decentralize the lightning network more. I can't get my own channels to work without opening a channel with WOS.