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240 sats \ 10 replies \ @DarthCoin 1 Oct \ on: Why is it okay to have a hot wallet on your phone, but NEVER on laptop? bitcoin
On a mobile device you should have only enough for your daily spending (over LN).
So the answer is NO, you should not have a hot onchain wallet in your mobile device, except for opening/closing LN channels.
As a general rule I always recommend the method of 3 levels stash:
- HODL - only in cold wallets, long term holding, even in this level use multiple walelts, not just single one.
- CACHE - medium amounts, in desktop wallets, nodes, intermediary wallets, to make coin control and good management of funds IN/OUT, swaps etc, multiple wallets too
- SPEND - small amounts in LN wallets, multiple wallets too.
Well explained in this guide:
https://darth-coin.github.io/beginner/be-your-own-bank-en.html
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So how you are gonna pay for your beers? With pink shells?
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I live in a bitcoin standard not in fiat standard... remember?
Is time for you to do the upgrade.
Here is how I pay for my beers with sats.
And here are even more example how people are paying
https://darthcoin.substack.com/p/bitcoin-lightning-irl-examples
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Loses $50 of spending money
and oh yeah, the PHONE which is more expensive!
More concerned with losing my phone than my sats in my lightning wallet.
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I mean, a lot of backing up and changing my 2fa and all my passwords sure, but when it comes to losing money, the money on my phone is less of a concern than cost of a new phone.
Are you this guy ?
Im just not a fan of having so much information on my phone.
Then why are you here? Go back to fiat cage.
Did you paid attention to what I said in the main post?