0 sats \ 1 reply \ @DarthCoin 31 Jan 2023 \ on: Is hating on non-custodial wallets a form of virtue signalling? bitcoin
Some people don't really know how to take advantages of custodial solutions.
If you use a custodial account that doesn't require full KYC, it is ok to use it and could be a very good "decoy" when is about to receive BTC, especially over LN.
I wrote several guides about this aspect.
Custodial is not as bad if you know how to use it and how to split your stash in 3 levels:
- HODL - most of your stash
- Cache - just a medium amount
- Spending (where custodial could be useful)
https://i.postimg.cc/MTL2kvT0/3level-stash.jpg
This is all amazing stuff, the issue is that Dick over at Dick's Primal Burger wants to accept bitcoin for burgers from the 30 people who come there every week for a meetup. He just isn't able to understand what you just explained, and doesn't think it's worth it for just these people. He is curious but not committed. He wants a simple fast and cheap way to get started because that's common for small business owners.
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