pull down to refresh
yes. what's ark? I thought this was a simple custodial lightning wallet
Haha. Nope. Adam migrates all users to a self-custodial Coinos v3 to avoid legal liability, but that comes with a cost. See this video:
Or move your sats to Coinos.pro - the Coinos original idea.
ewl gross. so eventually id guess us legacy wallet users will get forced into this ?
That has not been confirmed as far as I can see.
Perhaps @SwapMarket is scaremongering?
Fair enough- Will wait until I'm forced then make the move.
Hopefully a few years away.
By then any teething problems should be mostly sorted.
Suspect Coinos have been put under the scrutiny of government regulators due to pressure from competitors who can't compete with Coinos' very effective low cost easy to use product.
Surprisingly I've had no issues with regulators it's more the constant threat of attack that bothers me
Sorry, I misunderstood the motivation. Why will v3 be less vulnerable to the attacks? How a v3 user unilaterally exit if coinos.io goes down?
So the new wallets decentralise custody and reduce risk exposure?
Maybe if enough people move to the new wallets the old ones can continue indefinitely for newbies who are not technically competent yet to go it alone with managing their own wallet.
Is the new v3 (self custody?) wallet much more difficult to manage compared to the old legacy wallet where you manage custody?
P.S. its great coinos users now have these increased options to choose from and thanks for making it possible.
My coinos.io wallet is still working exactly the same as ever - no change.
For now the migration is voluntary
But you said 'Adam migrates all users to a self-custodial Coinos v3 to avoid legal liability'
So what is the truth?
Is migration compulsory at some indeterminate point in the future, or not?
My plan is to move the old custodial Coinos to v2.coinos.io and keep it online there for a while but I will eventually sunset it. I don't have any solid timelines in place at this point.
Sounds like an ark refreshes. Are you on v3?