If this is true nostr:nprofile1qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0spzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcprdmhxue69uhkummnw3ez6vfwde3x7tnpdenkzmnf9e3k75xqss4 can go fuck themselves
Please share:
Alby users are claiming that their funds have been confiscated. Alby has a clause that allows them to do this:
“To manage these inactive accounts effectively, we reserve the right to deduct the entire remaining balance from a user's inherited Alby account with a shared wallet after 12 consecutive months of inactivity, defined as the absence of completed transactions during that period."
https://getalby.com/terms-of-service
But this expropriation reaffirms that if they're not your keys, they're not your bitcoins.
https://www.criptonoticias.com/tecnologia/wallet-bitcoin-extrajo-fondos-usuarios-alby/
Discussion
Hello nostr:nprofile1qqszrsd9y5r2xs739s6vpfp57lrvmgnk5cy7u5dq5qjn8l4lpjz0kwspzdmhxue69uhhqatjwpkx2urpvuhx2ue0qythwumn8ghj7un9d3shjt3s0p3ksct59e3k7mf0k3u6xn this is true when you use the paid service to host your Alby Hub on the Alby Cloud. Then it's a custodial wallet, hosting it on your own server it's non-custodial.
Any Lightning company is a counterparty risk.
Very interesting in this aspect the Tucker Carlson Interview with Pablo Durov!
Yeah third parties in general are a security risk. But in my view this is unethical behavior for a bitcoin company, even if it "only" applies to the hosted version of Alby Hub. Never would I run their service even on my server. And the fact it's in their terms doesn't make it better. But I guess this will be their response and some other bullshit
Concerning interview!
100% agreed!
I see the empire attacking any company that develops potential risk for the legacy financial system. Otherwise they are out of business. But no idea if they are under pressure.
#nostr is a fantastic place to discuss the issue!
Thanks!
Wuuuut nostr:nprofile1qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0spzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctcyq5fje?!
Is this for the old version of their custodial wallet or that apply with alby hub cloud services too ?
See the response from nostr:nprofile1qqswm26j4kfr5dh66arajtdp9u48davr3mzj99rrhh7tyewrhsh6j7cpzdmhxue69uhhqatjwpkx2urpvuhx2ue08fy428 under my note
It's false. Don't even want to waste my time on commenting on it. 😉
Old dormant accounts have to go though support after a 1.5 years grace with plenty of notifications and public announcements period.
As you already know since 1.5 years we focus on self-sovereign Alby Hub and the old system has been shut down.
Thanks for the response. So they all were informed and enough time was given to withdraw their sats. 👍
GM ☕🔥
Seems the users where informed about the shut down and enough time was given to withdraw