Also, wallet of satoshi makes up like 90% of lightning wallets. There is nothing stopping them today to steal everyone’s funds or a state actor ceasing the assets of wallet of satoshi.
Bitcoin was suppose to be peer2peer with no middle men and enable self sovereign money.
Instead we just creating new middle men to trust.
It takes time to build secure soverign tech. Shitcoins literally exist because building a real solution to complex problems is hard making Bitcoin slow & marketing a fake solution is easy so shitcoin creators capitalize on the people who can't tell the difference in the mean time.
Much like the short lived shitcoin bubbles, I don't think WoS will remain the most used LN tool (unless they eventually change their model). But for now it solves an ease of use problem, however insecurely it may do so, that will be solved more securely by the many LSP projects that have been in development for years. That said, I use & appreciate WoS because I don't need perfect security for my day to day funds, simple & easy to use is far more important.
Even you, a hardcore bitcoiner immersed in this space, can't resist using WoS because LN is so bad means the average person will have no chance.
Custodial "Bitcoin" here we come!
