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20 sats \ 1 reply \ @dieselbaby 30 Apr 2023 \ on: Telegram's Bitcoin Failure bitcoin
Yeah this seems suspect as fuck, doesn't seem to be a truly decentralized/fully on-chain transaction if you can simply respond to some bot program and have them return the funds...if you're not able to maintain control of the funds if you're sending them to a deposit address of your own wallet, then you're basically at their mercy, no?
truly decentralized/fully on-chain transaction
Not sure what you mean by that.
then you're basically at their mercy, no?
Yes, it's a custodial wallet. But this isn't the problem here.
I don't think anyone expected them to create a non-custodial wallet.
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