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52 sats \ 6 replies \ @nikotsla 20 Nov 2023 \ on: What Happen if WalletOfSatoshi Get Hacked? bitcoin

Risk management, are you going to put 95% of your wealth on a custodial wallet? Red flag... what about 0.01% ? well... it's ok.

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0 sats \ 5 replies \ @piecoverBTC OP 20 Nov 2023

Ok thanks, but what about the newbies who are going to go 100%

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10 sats \ 3 replies \ @OneOneSeven 20 Nov 2023

If they don't study enough (maybe two minutes of googling) to understand a custodial wallet they deserve to get wrecked.

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0 sats \ 2 replies \ @piecoverBTC OP 20 Nov 2023

Yeah thats the problem

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10 sats \ 1 reply \ @OneOneSeven 20 Nov 2023

I've thought about offering friends and family a significant satoshi reward for completing a course like Bitcoin For Everbody from saylor.org

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21 sats \ 0 replies \ @piecoverBTC OP 20 Nov 2023

Yes proof of work

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10 sats \ 0 replies \ @nikotsla 20 Nov 2023

Same risk as an actual bank institution? They put their money in a place in exchange to a benefit, in case of bank it's an interest... in case of custodial wallet it is convenience. No worst that actual situation.

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