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What Bitcoin products/services should be avoided or passed over?
642 sats \ 4 comments \ @satoshi_in_the_classroom 23 Sep 2023 bitcoin
Not looking to throw shade or malign anyone or any product... but am looking to better understand and increase awareness for myself and everyone. Please state which category it is in below and most importantly what the issue is. 🤙
  1. Key Hardware Device
  2. Software on chain wallet
  3. Coinjoin wallet
  4. Personality/influencer
  5. Lightning wallet
  6. Node management
  7. Payment service
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194 sats \ 1 reply \ @Stacksats 23 Sep 2023
  1. Honestly Ledger. They've been caught a few times over the past few years doing increasingly shady shady things. The most recent is essentially baking in an option to a firmware update that they would be able to give up your seed phrase under some circumstances if required to by law or XYZ. Not your keys, not your coins. Avoid.
  2. Anyone with "crypto" rhetoric.
  3. Um... hmm. Any of them that require KYC. You know they're giving it up for money.
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10 sats \ 0 replies \ @SatoshisSkeleton 23 Sep 2023
CrYpTo. 🤢
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105 sats \ 0 replies \ @SatoshisSkeleton 23 Sep 2023
Not specific but coinjoins are hot wallets and many plebs don't understand this.
There's a lot of shitcoiners to avoid. The drivechain ppl are iffy.
Many Lightning wallets are custodial. So not your keys it's not your coins. Rugpull city waiting to happen.
Btcpay has some info come out recently that wasn't good.
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0 sats \ 0 replies \ @SatoshisSkeleton 23 Sep 2023
Bitcoin cash
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