Non-custodial = no one holds the keys (Satoshi’s 🌽)
Self-custodial = you hold your keys
Custodial = rekt
Discussion
非托管=没有人持有钥匙(中本聪的🌽)
自我保管=你掌握自己的钥匙
托管= rekt
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I've always believed this.
My crypto. My keys..
I'm new to Satoshis however I've mainly been into the eth world, is it possible to store satoshis on a ledger like eth?
So far I've only created a "wallet of Satoshi"Not that I have many sats yet, lol, only about 42 but I'm working on acct security!
Wallet Of Satoshi is nice for very small amounts, but it is entirely custodial. They hold the keys. They could vanish at any moment and so would your sats stored on their "wallet".
I use WoS for small amounts since it's so convenient. Once I accumulate more than I'm comfortable losing at any moment, I'll send them to my Muun wallet.
Ahh and is mum wallet where you hold your own keys? Currently I only have WoS set up
I think so, but don't quote me on that. All I know is that they have a restore method where you can restore your wallet balance in case you lose your phone. I haven't tried it yet myself to prove it works, but from what I've read from those that I view as knowledgeable/trustable, the restore method should work in case needed.
yeah, it's definitely not the cheapest, but it's a good way of requiring less trust to use LN before you're ready to do it yourself.
Pls can you zap me?