Dearest Nostr eGirls - NostrFans - #Bluesky Refugees,
Once you accumulate enough Zaps that you'd be sad and/or pissed off to see your money disappear, it might be time to talk about the next phase in your Bitcoin journey.
While Bitcoin is money you can't fuck with, many of you are using Wallet of Satoshi or Alby. You can fuck with these wallets. These are great and easy to use wallets, especially because they support Lightning addresses for Zaps. However, these companies hold your Bitcoin for you. You don't control it. They do. If that company went away or suffered a loss, you would lose your Bitcoin!
History has taught us time and time again with Bitcoin that it's "not your keys, not your coins". This just means if you dont own the keys to your Bitcoin, if you don't custody it yourself, it's not yours, it's theirs.
To fix this, you can run these Lightning wallets on your phone with nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg or Phoenix Wallet (and soon nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5). These are special wallets where they run a "node" (a mini server) on your phone that you control. They're fully self custodial. These wallets do not have Lightning addresses, so you can't "Zap" to them.
Here's what I recommend. Use Wallet of Satoshi or Alby until you hit a certain amount and then send it from that wallet to your other wallet that runs the node on your phone that you control. That way large amounts of money are in your control. This is now money no one can fuck with.
And most importantly, be sure to write down and store the backup words in a safe location. You'll see what I mean. ๐ค๐ป
If you have questions, just ask here or ask #plebchain
