SERVICE UPDATE:

Coinos is back online but withdrawals are currently frozen due to a data loss incident. We lost our whole database sometime overnight and the latest available backup is about 24 hours old so we will need to piece together payment records and balance updates that occurred in the meantime from logs somehow. We're working on it.

We also had an unplanned outage of about 4 hours yesterday due to issues arising from an Internet connection upgrade at our data center. It's not clear whether these two incidents are related. We don't suspect any foul play. Funds are safe and we will make sure everything is accounted for.

Thank you for your patience as we work to restore service.

Adam Soltys

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Discussion

Thank you for the update

Keep up the good work!

🙏

No Raid drive O.O?

You got this 💪🏻

Thanks for the update.

Need RAID

Appreciate the transparency

Node running ain't easy..

Funds are safu, trust me bro.

Damn. I've been enjoying coinos. Maybe I need to go back to using my own node.

✌️🏴‍☠️😉

Interesting, hope you manage it well.

How does this affect the ecash spent book?

All the best!!

Cashu fixes this

nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcpzemhxue69uhks6tnwshxummnw3ezumrpdejz7qpq2rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sugh36r

cashu mints are also servers/single point of failures, so cashu doesn't really fix this

You don't have to restore the balance for your customers it is represented in the ecash itself.

Yes, and custody risk is the same. But that is not point here.

the mint must keep a ledger of spent proofs. If that is gone/corrupted, you have the same problem

not really the same problem, but a different one

fair enough, I was not precise in my writing as to make a point

GL redeeming your bearer tokens if the mint rugs on you.

But https://www.spark.money/ fix this.

tongue-in-cheek nostr:nprofile1qqs03ekxgdp0rczjfqrrpcn7zqtdec6lcwnpfesyxnl0f239qvege2gpzfmhxue69uhhqatjwpkx2urpvuhx2ucpr9mhxue69uhhq7tjv9kkjepwve5kzar2v9nzucm0d5q3gamnwvaz7tmwdaehgu3wdau8gu3wv3jhvgfafjn's V4V zap of 丰1 costed me 2 sats with Minibits. 🫣

nostr:nprofile1qqst4qyeqenw7zm0fwjsty68h6cnys5jre2xd8ngqpjv5a2j26s78fspzemhxue69uhhyetvv9ujucm0d9hx7uewd9hj75a0pev keep the good job!

Lolol 1-sat zaps are the shitcoins of zaps. Total waste for the sender and practically useless for the recipient.

I did a Satogram the other day to promote my website with 1 sat. Maybe I should have bumped it to 2 sats, but I ain’t rich.

Nobody’s bothering to look at a message in a 1-sat zap. Waste of your money sending them. In fact I even hide transactions in my wallet under 21 sats. You’re a bitcoiner are you not? Don’t you value time? Treat people as if their time matters or otherwise you’ll get ignored.

Trying to charm the npub in question was waste of my time anyway. 😜 I appreciate your advice.

Damn, at 21 sats per satogram, that would have cost me 1,681,554 sats or $1,736. I’m just a pleb, man.

🤣 It’s probably still not worth it honestly. The problem with satogram is it’s just a blanket “send to all” tool. There’s no way to target particular audiences/demographics because that info is unknown to satogram. Nostr is a better for using lightning to advertise because you actually know something about the recipients. It’s not automated though because no one has built any such tools, but I imagine e that’s coming. “Zap x-amount of sats to all profiles that meet this criteria and include this message.” That would be far more useful than just yolo-ing 1 sat messages to everyone with no clue who’s getting them.

So from the total of my zaps, I partially used nostr:npub1ve8qwrlztemdmnh62jffcr0y9m9dpqgqjdg8ufx7gc3qw5wdk74qyv9ka6's geozapping 🌎⚡️ feature to only target American users on their app. I’ve gotten a few responses. I mainly just said to them “Hi, I’m MAB. Here’s my website, connect on Nostr.”

It's spelled spam

More like a paid advertisement. And it's over lightning, so it's not on L1. 😛

I know, and agree, we're discussing that. I zapped someone 丰1 to take a piss. 🤣 2 sats fee is a robbery. 😆

🤣

At your scale you should have hourly snapshots at least and a replicated replay log for your DB that is nearline but fairly separated by a firewall or even separate building.

Need infrastructure consultant? Https://bareit.tech could even be informational etc.

If my bank ever paused withdrawals, even temporarily, I'd find a new bank immediately. 🤷‍♀️

In this case, I'm less worried (invested). But still, something to ponder.

Lol try withdrawing all your money from your bank at once. Also banks are not open 24 hours a day 7 days a week

Hmm. The bank may not be open, but I can spend my money 24hrs/day. Also, though I've never tried removing all my money at once, the reason I haven't is because it is FDIC insured.

Personally, I don't believe apologizing for your custodian is the best path forward.

FDIC insured 😂😂😂😂😂😂😂😂😂😂😂 you don't still believe this fairy tale do you?

Thanks for your service.

ty for the update.

very very bad timing for me personally, but ok... that's lightning

For what it’s worth. The number of sats I see in my wallet is accurate. Or very close to accurate at least.

I definitely have someone else’s corn sitting in mine. Hopefully it finds its way to the rightful owner

nostr:npub1uzt238htjzpq39dxmltlx60vxym9fetk9czz6kddq6fhvkf4z3usy9qtrh

Yep, saw this thank you fam. Still waiting to see some funds show up in the account

Thank you for your work! Trying to zap your note, but Alby is acting up 😅

Any way we can help? I know that I withdrew a couple dozen bucks worth of sats right before your crash. Will keep an eye out to make sure I don’t get “refunded”. That’s the least I can do.

A Huge amount of my wallet was not appeared after it is back. Again the wallet is not active. My fundraiser funds were also in that wallet too. I am afraid I will lost them. 😔

nostr:note165a7dzuqttqq3044ctwnpjcfhffhpj0ajnex8swqzxlqgx0knjyqw9cygk

Good job being transparent

I think it's time for nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch to consider spark.money L2 Bitcoin layer.

Thanks 😉

JUST CAME BACK FROM A LOCAL FARMERS MARKET AND TOLD TWO VENDORS ABOUT COINOS.IO. NICE WORK!

2 days ago I started testing your wallet. It gave me good feelings. Today 👀

I'm a big fan of nostr:npub1h2qfjpnxau9k7ja9qkf50043xfpfy8j5v60xsqryef64y44puwnq28w8ch for an easy to set up custodial wallet that integrates well with Nostr. However, this incident should be a reminder that all custodians are single points of failure for large numbers of users.

Yes, self-custody has a learning curve, and you become your own single point of failure, but the point is, when your infrastructure goes down, you are the only one affected, not hundreds, thousands, or even millions, depending on the popularity of the service.

nostr:nevent1qvzqqqqqqypzpw5qnyrxdmctda962pvng7ltzvjzjg09ge57dqqxfjn42ft2rcaxqyt8wumn8ghj7un9d3shjtnrda5kummn9e5k7tcqyr2nhe5tspdvqz97khpd6vxtpxa9xuxflk20yc7pcqgmupqe76wgshj33ml

Ok Thanks 👍

Oooof

Thanks for the update

It's still down, for me. Been down since this morning.

OK now it's back, but it was down when I checked after dinner today.

It’s clear to me that Bitcoin payments just aren’t ready yet. I keep trying it, thinking “hey, maybe things are better now,” but each time I end up losing money. And I just can’t recommend something that loses money.

This isn’t a comment against Coinos — I know this stuff isn’t easy, and I actually admire that you’re working to bring all the L2s into one place. That’s why I like your platform. But I’ve learned my lesson, and I never keep much in any Bitcoin payment system for exactly this reason. I really hope you get it worked out.

The only Bitcoin L2 that’s never failed me is the Liquid Network. I know it’s centralized among a few companies, but it’s hard to argue with their track record. Green Wallet gets the job done. It’s not super fast, but it’s way faster than L1, and I’ve never lost a sat using Liquid — unlike Lightning and Cashu.

I want this to work desperately. That’s why I keep trying, over and over. But please be careful — I am sure you already have been thinking this but I am going to say it anyway. “trust is hard to gain and easy to lose.” I know I’m saying things you already know, but I just had to get my feelings out.

I believe you are trying to do the right thing. I also know this is probably just a freak accident and it might not even be your fault. I am not mad. I will give you another chance because that is what I would hope for if I was in your shoes.

Keep up the work you are doing and I am praying for your success.

It is ready, you’re just doing it wrong if you use custodial services. A good setup for example is:

nostr:nprofile1qqs2nsd66pv44e5avmytw4ejy7k7fn8fq7rczrnaexcy8v2y484xjcspzamhxue69uhhyetvv9ujucm4wfex2mn59en8j6gpzamhxue69uhhyetvv9ujuurvv438xarj9e3k7mgndlcrg for lightning payments

nostr:nprofile1qqsvxq03xdev3uxehjqcdkr5lfzl5vawmcf7vm6ps73m6ghwg8y4k2spz4mhxue69uhk2er9dchxummnw3ezumrpdejqz9nhwden5te0dehhxarj9eekcmm5dpujuamfdcq9v6rc for on-chain checking account

nostr:nprofile1qqszuwesacyzt8wda6c7rdshl6gv3e7kxf35nld77z7arfeyndweftcppemhxue69uhkummn9ekx7mp0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9u5qwttc Q for on-chain savings account

Everything non custodial. It is not difficult to setup nor secure. But Bitcoin requires patience and dedication.

I want to clarify what I meant when I said “it’s just not ready.” More accurately, it’s not ready for the mainstream. Most everyday users—“normies”—aren’t ready for Bitcoin payments.

It reminds me of something from about a year ago. I was watching a video from Linus Tech Tips, where Linus and his team took on a “Linux-only challenge.” For a month (or maybe longer), they ditched Windows and tried to use Linux exclusively. At the end, Linus concluded: “Linux is just not ready for the mainstream.”

That comment really annoyed me—because I use Linux every day. But then I realized: I’m a programmer. The way I use my computer is more complex than the average user. What’s easy and intuitive for me just isn’t the same for someone else.

And that’s the core of the issue with Bitcoin. Things need to be stupid simple to work at scale. Like you mentioned, custodial solutions sometimes fail—but setting up self-custody is even harder.

I remember the first time I used an L1 Bitcoin wallet—it felt simple and intuitive. I don’t think it’s hard for everyday people to understand how Bitcoin works after they’ve tried it once or twice.

The real friction comes from L2s. They’re just a bit too complex for the average user to casually figure out. That’s where custodians come in. And honestly, I think they’re doing the best they can—but the tech is still young. There’s no universal playbook for what “doing it right” even looks like yet.

Anyway, thanks again for your thoughtful reply. I appreciate the discussion.

Bitcoin payments work just fine. Lightning over custodian channels, not so much.

Is Coinos really okay? This is a Lightning wallet, right? As far as I know, a data loss issue in a Lightning wallet is not just a simple problem of transaction records disappearing; it can lead to significant financial losses. It could be a serious issue where you might lose the entire channel capacity.

nostr:nevent1qqsd2wlx3wq94sqgh66u9hfsevym55mse87efunrc8qpr0syr8mfezqpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyzagpxgxvmhskm6t55zex3a7kyey9ys723nfu6qqvn9825jk5836vqcyqqqqqqg5ah5em

Major oef!

when can we resume sending and receiving sats?

I tried last night and again this morning. Bummed.

I'm receiving but can't send.

Any update to your service update? 😅 - still can’t zap.

Let the zaps flow! ⚡️⚡️⚡️

Any updates, looking likely to get it back up?

This is rough

Someone knocked the Ethernet cable out his RasPi by the sound of it.

Earlier this year, I fell victim to a devastating cryptocurrency scam that cost me $79,000 worth of Dogecoin (DOGE). I met a scammer through a Telegram investment group—a woman named “Clara” who posed as an experienced crypto broker. She shared impressive-looking client testimonials and promised a 35% return in just seven days. Her website looked professional, and despite my initial doubts, I eventually transferred 500,000 DOGE, worth about $79,000 at the time.

For the first week, everything looked fine—the trading platform showed my balance growing steadily. But when I tried to withdraw my funds, I was told I needed to pay a $12,000 “withdrawal fee.” Clara reassured me this was standard and fully refundable, so I paid it. Unfortunately, that was just the beginning. More unexpected charges followed: a tax clearance fee, a network fee, a security deposit. Before I knew it, I had lost an additional $8,000.

I was crushed—emotionally and financially. My savings were gone, and I blamed myself for ignoring the red flags. A friend eventually suggested I reach out to JBEE SPY TEAM RECOVERY, a company known for helping scam victims recover stolen cryptocurrency.

Although I was skeptical, I was also desperate. I contacted them and provided every detail I could: wallet addresses, transaction history, chat logs—everything. Their team got to work right away. Using advanced blockchain tracking techniques, they traced the stolen DOGE, identified the scammer’s wallet, and worked with relevant authorities to freeze the funds before they were moved any further.

Throughout the process, they kept me informed and reassured. After days of relentles

s effort, JBEE SYP TEAM RECOVERY successfully recovered the majority of my stolen Dogecoin. Their professionalism, expertise, and transparency turned what felt like a hopeless situation into a story of redemption.

If you’ve been a victim of crypto fraud, I highly recommend contacting them: Email conleyjbeespy606@gmail.com

Telegram +44 7456 058620

you can also contact on instagram

I think your recommendation is a scam.

Lol your VPN has leaked your location and the call center you are working for! GTfo. 🤣

Yes Sr 🫡😎⚡️

we trust you!

Damn, bro

Shitt

Hey I've sent a liquid transaction to my wallet before I sent this, it showed up at first but now isnt there. Will all deposits on coinos be updated?

Keep up the good work and Godspeed.