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6 sats \ 16 replies \ @Scoresby 28 Aug \ parent \ on: Fork Stacker News, remove the integrated scam meta

Did you read their website? Where does it say "we are a custodial lightning wallet?"

The only mention I find is this:

You always have the option of taking custody of your funds by withdrawing instantly at any time.

It's not exactly a clear statement that sats on CoinOS are not yours. All the other language is about lightning an d bitcoin and "final settlement"

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22 sats \ 15 replies \ @Kruw OP 28 Aug

What's unclear about that statement?

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228 sats \ 2 replies \ @ek 28 Aug

When Coinos is offline, you cannot “always instantly withdraw.”

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1 sat \ 1 reply \ @Kruw OP 28 Aug

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1 sat \ 0 replies \ @optimism 28 Aug

More importantly, one must hope the hacks don't drain more than the "wagmi fund" can afford to pay out.

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131 sats \ 11 replies \ @Scoresby 28 Aug

This statement is more clear:

Also, you are being a little duplicitous here: be honest with yourself and ask is a new user who goes to sign up at CoinOS's website going to think that sats they receive are their own sats and real Bitcoin? I think the answer is yes for most people.

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447 sats \ 1 reply \ @optimism 28 Aug

The SN-side disclaimer is not dishonest like the ones that we've seen the past year. This is good. I don't know if it is good enough - but on it's own that's the kind of transparency needed.

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211 sats \ 0 replies \ @Kruw OP 28 Aug

Exactly.

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126 sats \ 8 replies \ @justin_shocknet 28 Aug -210 sats

If someone uses an SQL wallet, its because they don't care.

If someone uses Spark, it's because they were lied to.

There's no reason to use a fake L2 over an SQL wallet. Zero. That lack of functionality over SQL is why the fake L2's lie in the first place.