reply on: Flash Wallet trial run \ stacker news ~lightning

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122 sats \ 1 reply \ @Scoresby OP 30 Jul \ parent \ on: Flash Wallet trial run lightning

I've obviously seem some be pedantic and claim that you can "self-custodially hold L-BTC", which is semantically true though somewhat of a misleading distinction

I believe this is the same distinction I was making with ecash. I don't mind it so much, but I think it's on the wallet to make it clear it's not a bitcoin wallet. Ecash wallets are self-custodial ecash, not bitcoin. If Flash says hey, here's a cool liquid wallet, i don't think I would have been confused. However, I also wouldn't have downloaded it and tried it out because liquid seems like a poor set of trade-offs to me.

I'll admit though that this conversation is making me come around to your viewpoint. Certainly, if a liquid (or ecash) wallet claims to seamlessly interact with bitcoin, it needs to make it really clear that the balance is not being held in bitcoin.

510 sats \ 0 replies \ @justin_shocknet 30 Jul

Yep. My beef is those word games are just the first trust violation, it's spin.

It's exactly the same as saying Coinbase Pro is self-custodial because you self-custody your own API key. ECash is just an authentication method to a server, no different than an API key, just adds extra steps to support virtue signaling and larp.

making me come around to your viewpoint

All do in time.