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Insuring bitcoin doesn’t make sense. The loss of the insured item makes any sats denominated insurance worth more. You can’t insure absolute scarcity. Bitcoin is a movement of radical personal responsibility.

Moon 2y ago

Unfortunately, Phoenix wallet has a trash UX and doesn’t seem to play nice with other wallets…

The real risk with WoS is shotgun KYC - but alas, convenience has meaning to users, myself included.

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Discussion

Bitcoin For The Hood 2y ago

We early 🤷🏽‍♂️

Moon 2y ago

Big. If true.

average_bitcoiner 2y ago

Who runs WoS? Who’s the risk from?

Agree that KYC is a big risk.

Bitcoin For The Hood 2y ago

🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️

Moon 2y ago

Who runs WoS? Don’t know honestly. Who runs most LN wallets? Who runs Phoenix?

But I manage the amount of bitcoin I keep in ANY LN wallet in the even that they may turn malicious.