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11 sats \ 1 reply \ @clr 26 Jul 2023 \ parent \ on: What's something bitcoiners do that HURTS adoption more than it helps? bitcoin

Thanks for sharing.

And on WoS, it's just an email that's required if I'm not mistaken. I don't believe it's full KYC, right?

For now. But the government of Australia or someone else could force them to start collecting KYC info, to comply with the travel rule, etc. The bigger WoS grows, the more likely it will be targeted by governments. WoS is being recommended not because it's ideal, but because currently self-custody lightning solutions suck mostly. That needs to change. If the average Joe cannot self-custody his sats, then Bitcoin's value proposition is mostly gone.

1 sat \ 0 replies \ @CoSatoshi 26 Jul 2023

True, and good point. Hopefully they and other custody wallets can avoid it for as long as possible. We'll have to see what happens there.

Remember tho, it's not a dichotomy re: self-custody. It's not like you either do or don't. You can do both (and in fact, I do). The average Joe can start off on custody, learn a little here and there, and then witness the Canadian Trucker Rally (or other world-news event providing a CLEAR example why self-custody is important) and change their mind. At least in this scenario, they're primed.