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The reason why I disagree with this is because there are "graduating" wallets out there now that do work. Zeus does this, though it's a bit unstable for me on AOSP with high security settings, and shockwallet does it, which I am testing now (I'm testing the full graduation path, no shortcuts, so I'll have a ton of findings.)
Personally, I'd never recommend coinos' type of custody for anyone, because:
- You're not only bound to the honor of the guy that owns your sats, you're bound to their ability to secure it and their ability to resist coercion. Warren 2028 or 2032? Y'all get rekt. It grows to a point where there are real sats to be taken? It'll crumble under scrutiny of a real cybercrime network. Tick, tock.
- I don't think Adam is a bad guy; I think he is on a great learning curve and means well. But the downtime, the hacks and the operational fuckups do not make this something I can recommend to someone and have a clear conscience. You get convenience until you don't.
- If you need a bank, get a real bank, not one that tries to hide the fact that they're a bank. The cringe shit here is that it's all narrated. Someone pasting me a screenshot of a chatbot summarizing the marketing website as evidence. That's the saddest form of cognitive poverty I have ever seen in my life.
Last point, Bitcoin was envisioned to not need custody. If a solution only works with custody, it is a bad solution. We shouldn't be afraid of L1, we shouldn't be afraid to work on non-custodial LN. Luckily, smart people like Evan and Justin work on this. Without much hype and from an underdog position.
In the end what matters is: does your solution give you a chance to rug me? And how do you protect me against that. How do you inform me? How do you teach me to not trust-me-bro.
Forgive me if I'm not understanding, but it doesn't look like Zeus can send sats on SN. It isn't a spending wallet here, and it can just receive, no? With Coinos (and only a few other options), you can simply receive AND send on SN. And it's super easy to set up...took me 2 minutes. Good luck setting up Zeus or something else in 2 minutes...
You're not understanding because you're not reading, you just want to be right about something you have given zero thought to and you're literally parroting a known troll.
I addressed your "2 minutes" [1] above:
You get convenience until you don't.
By all means, ignore everything I say. Don't read. Just keep on pasting screenshots.
You wanna be right? "You're right". And because you're now right, I'm going to personally hold you responsible for the future losses of everyone you tricked into using this shit. And why did you do this? Because you want to be right. lmao.
fwiw you can set up shockwallet in 2 minutes and I guess about 2 hours with your own lnd, reasonably secured too. Zeus means you need to enable NWC, but it can still work (but like I said, it's unstable for me) ↩
I missed that initially. Thanks. And I'm a big fan of Shockwallet. I'll be migrating there soon for my SN needs @justin_shocknet :)
yeah thanks for the info. I don't understand all the FUD around coinos...
Coinos is not a bank but a great platform for onboarding newbies
The founder Adam is a great advocate for bitcoin and lightning and liquid and mints/cashu and nostr
@coinos
@adam_coinos_io
@coinoswallet
@asoltys2026