702 sats \ 4 replies \ @03182e07e0 17 Apr 2023 \ on: I'm losing my faith bitcoin
Ooh, I feel like I'd like to reply to some of the points on that post and/or re-enforce:
  • mainstream Bitcoiners advocating for hodl, don't spend: it's interesting because I think there are different mainstream influencers... Traders tell you to trade, crypto/investors tell you to invest but I feel like the people on lightning are on board with the spend and replace thing. I don't think either are more mainstream than the other, rather they target their niches. I'm bullish on benbtc reaching more normies and hopeful for more of that.
  • I agree that we shouldn't recommend custodial bitcoin wallets, however I do see the appeal for lightning addresses and social fund raising that requires an always on server.
I wanted to offer someone time to install phoenix wallet in their own time and I'm experimenting with the reverse: give them a lnbits URL with a lnurlw link and they can claim it in their own time.
Re: developers, it's definitely clown world. I was talking to people in the bitcoinology meetup about this. Devs get in by project but then get to stay in the club and get funded even if they're not productive. Also there's tonnes of drama.
overall, great read.
write
preview
0 sats \ 2 replies \ @kilianbuhn 18 Apr 2023
I agree that we shouldn't recommend custodial bitcoin wallets, however I do see the appeal for lightning addresses and social fund raising that requires an always on server.
There is a post about custodial on the fron page rn: #165856 😇
reply
1 sat \ 1 reply \ @btc_remnant OP 18 Apr 2023
Yeah... for VERY small amounts, I agree there is no problem. For example, I get that the wallet here at SN is custodial, but as soon as it reaches X amount of sats, they should tell you "hey, it would be good if you take all this money to your custody".
Probably they won't tell you, because the business in all the people moving money from post to other post, but anyways...
reply
0 sats \ 0 replies \ @kilianbuhn 28 Apr 2023
for VERY small amounts
Money is relative, right? Maybe you're thinking 1m sats. Maybe Idgaf about 0.1 BTC. There are people out there for who 10 BTC is pocket change
reply
0 sats \ 0 replies \ @btc_remnant OP 17 Apr 2023
I agree with you. Thanks for your coment!
reply