pull down to refresh
15 sats \ 6 replies \ @nerd2ninja 31 Jan 2023 \ on: Is hating on non-custodial wallets a form of virtue signalling? bitcoin
I think teaching people the LSP model first is easy to start and has learning opportunities built within itself vs custodial which sort of trains people to use Bitcoin in a more vulnerable than necessary way.
I do not believe that custodial solutions are easier. Period dot. First point of contention if you need something to focus on.
Trying to understand. Do you mean that you feel like running a Lightning Node and setting up a Lightning wallet to use it is as easy as using Wallet Of Satoshi in a non-custodial (where they manage the node) pattern?
reply
No. LSP. Lightning service provider. Phoenix wallet and breeze for example. There's trust involved but its not rehypothecation risk and its much more self sovereign than wallet of satoshi.
reply
Gotcha. I see what you are saying. IMHO Still a lot to ask of Dick over at Dicks Primal Burger for his 30 burgers a week, better from a custody point of view yes. My main point is if I drew a "hard line" that LSP was "doing it wrong" it would cut out a big group who are just trying to figure this stuff out without a gigantic time and knowledge investment. When we draw hard lines we reduce Bitcoin's reach, and to be honest I feel like some people who say things like that are virtual signaling how pure a Bitcoiner they are.
reply
Its not though. Its really not. Look Dick needs card and bitcoin point of sale built into the same system and the only options he has for that is clover, strike, chivo. Otherwise he'd have to use square and open node, but the larger point is that its possible and easy, just needs built but stobbern middle men who think only custodial can be easy will never provide it for them.
reply
Nope, he is just using rapaygo and printed LNURL QR cards on his laser printer. It took him 30m to set it up using our website, and people were buying burgers with bitcoin day of. He doesnt try to tie it into clover, and we got him a ledger for his windows desktop and he drained his raypago balance to it at the end of the day.
reply
Yo rapaygo! Been a while since I seen you on the site lol
reply