Wallet of Satoshi is a custodial wallet which defeats the entire purpose of crypto by being centralised. I don’t use it but I’ve heard they charge high fees to get your crypto out.
Discussion
This is what the store has chosen to accept their sats in.
Also decentralisation can be in tiers. We can have many custodial solutions in fait competition for users and making their life easier or fiat rails where your options are limited and neither is self custody.
It may as well be “bitcoin, sponsored by visa and mastercard”. It doesn’t solve any actual problems.
Yet
Maybe, but I doubt it. CBDCs will be a thing before any sort of crypto has a chance.
I doubt it.
I was working for a company on a product that now officially says it is pro CBDC.
Few years ago we were asked to perform airdrop of mobile money in Myanmar for the opposition of the junta purposes. We couldn’t reach the speed they wanted though. To reach few millions for few hours.
So they went with Tether:
Our architects and CTO and other C levels were meeting with FED around 2018-9.
Currently a daughter company of the company I was working at is on the pilot of the instant FED payments.
Check mojaloop.io
Modusbox, portX…
Nothing centralised can currently compete with the transactions per second lightning network can carry on not with the speed and price of settlements over L1 Bitcoin.