I am just currious, I see a trend towards more people using custodial wallets like WalletOfSatoshi that I even myself suggest to people in my tutorials @piecover because it's easy to use and has low cost of entry. But I am still worried that the wallet could get compromized by hackers or the governments. So what do you guys think?
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Risk management, are you going to put 95% of your wealth on a custodial wallet? Red flag... what about 0.01% ? well... it's ok.
Ok thanks, but what about the newbies who are going to go 100%
If they don't study enough (maybe two minutes of googling) to understand a custodial wallet they deserve to get wrecked.
Yeah thats the problem
I've thought about offering friends and family a significant satoshi reward for completing a course like Bitcoin For Everbody from saylor.org
Yes proof of work
Same risk as an actual bank institution? They put their money in a place in exchange to a benefit, in case of bank it's an interest... in case of custodial wallet it is convenience. No worst that actual situation.
Use that for lunch money only.. Same happens if you lose your fiat wallet.. You probably dont keep all your money on your wallet..
Good idea perfect thank you!
TLDR https://i.postimg.cc/zfg1ZssF/you-get-what-you-deserve.gif
From my personal experience i have a combination of muun + wallet of satoshi. In case of immediate reload, i can instantly send from muun to wos. Let’s say wos is just a spending wallet.
Ok thanks, bur what do you in a high fee environment?