It's a tool.

You look at it, judge your needs, compare with the other options in the market and make your call.

I know people generally mean well but the dogmatic "woS iS sHiTZ" is quite silly in my opinion. It's a great tool for many situations.

I use wallet of satoshi for convince and for tips. Well, I use tipcards.io that teaches people how to use WOS.

I also use it for zaps.

I know it's non-custodial, so whatever sats I keep in that wallet has some rug-pull risk. Some dude at a conference(I wish I remembered his name) said he keeps up to a thousand bucks worth of bitcoin on WOS because his phone cost about a thousand bucks. He said if he lost his phone, he would be pissed off, but it's not the end of the world. He could buy another phone. The same is true if WOS rug pulled 4 million sats or whatever, he would be pissed, but he could still replace the sats.

I hashtag heart this idea. 🧡

Of course, you wouldn't want to put your life savings on WOS and if you're on stacker.news, I'm sure you know this. The danger is in ignorance. I think we need to do a better job of informing neophyte bitcoiners of this risk.

I've also been doing a deep dive on Mutiny wallet. It has potential. If they implement lightning addresses, I'll stop using wallet of satoshi. The nostr stuff is cool and you can make automatic monthly payments. I'm still researching it though.

That's my two sats.

Try Phoenix...

users ARE the product... you still don't get it?

Fake Lightning

I think they are the same group that run living room of satoshi. Its a website that you can pay bills in Bitcoin (also crypto).

I just remember they were one of the first to have a lightning product built for the masses.

It is kinda interesting how you don't see much about them in Bitcoin circles. I guess they can do what they like

The name Wallet of Satoshi couldn't be any more inadequate. Satoshi would never give permission to use the name in a product like this.

Could be a honey pot run or even directly financed by a gov to prob the network and gather datas on it. I think they are part of a parent company whose business is shitcoining "Living room of Satoshi". They are not very vocal in Bitcoin Circles which is strange as one of the biggest LN Wallet and node. Honestly there are lots of shadows around them. I can't be sure they are evil, after all they are NKYC used all around the world without borders, but for sure can't trust them blindly either.

I use Phoenix and my node with Zeus personally, and if I have to receive a payment while fearing to be offline, I prefer Blink which is even better even for noobs, but much less shady, created by well known Bitcoiners to help El Salvador adopting Bitcoin. I'd prefer people to use Blink by default to be introduced to LN rather than WoS if I had to choose

Hopefully replacements like Zeus and Munity will rise and offer people easier solutions to protect their sats from getting rugged

Let's assume they are not making profit now. but they are getting a huge customers who signup in the app, especially when it comes to users who are using the app for it's wonderful UX and less concerned about it being custodial.

In Future, if they want to be a payment processor like Bitpay, they could turn it into a huge business model.

Easy to use. It's the my little pony of lightning. It's so straight forward anyone can use it.

Once you graduate, you move on to pheonix or mutiny or something like that.

But for myfirstlightningwallet WoS does a good job.

Full disclosure, WoS was indeed my first lightning wallet.

I wish it was self custody

like others have said, it's a tool that can be useful in some situations, like the first contact for no-coiners. You talk to someone in the bar, in 3 minutes he can install the app, log-in with his usual email address, check the ultra-simple UI and receive some sats. Boom! He "has" bitcoin!

It's a good wallet but does have its flaws just use it as a hot wallet for now to spend from but am slowly migrating more to mutiny and Phoenix

If they want to "steal" your money, they can do it, no matter if you know who they are or not. That's the whole point of using a non-custodial wallet. To avoid any rugpull.

Aussie software! 🤘

Great guys who have supported my ESU programs for years!

They make their money from livingroomofsatoshi

I see walletofsatoshi as a means of them giving back to the community.

Yea lack of info about who holds your btc is concerning. Consider all you have there to be lost one day.

It's a good in-between link for robosats

They also charge for onchain swaps which lot of people use.

I use it for small amounts. Also sometimes as a proxy when receiving lightning payments from random strangers to not dox pubkey of my node(s) to everybody. On my iPhone I have both WoS and Phoenix installed. And also Zeus connected to Alby for Nostr zaps (need to have separate wallet with small balance for that, as because Apple disallow direct zaps to notes I use Zapple Pay, which is app I grant permission to do payments on my behalf).

Ditto the tool example. I mostly use it for zaps on #nostr, but occasionally I allows for fast routing of larger transactions en route to cold storage.

I don't think they need that much money since it's not a corporation that needs to pump it's stocks.

Bitwarden charges $10 a year for the premium service.

The really sad part about WoS is that it has the best UX for someone using lightning for the first time.

Pity it sucks in every other way

I use it like a spending wallet and it’s so easy to use

They're a shitcoin

Going to ditch it. Latest Phoenix with splicing is working well for me now!