100 sats \ 1 reply \ @kepford OP 1 Apr \ parent \ on: Craig Raw (Sparrow Wallet) Shares Concerns About Bitcoin Prioritizing Scaling bitcoin
Depends on the person. I haven't heard anyone I respect deny the utility of custodial wallets or say you should never use them. People are all over the place though.
Personally, I think it is easy to make perfection the enemy of the good. If you look at eCash for example the different implementations have trade offs but from what I've seen they would be better than WoS as far as risks go. And, they would be better for someone using a very unstable fiat currency.
But, I don't think custodial solutions should be the scaling answer for bitcoin. Even many working on these projects don't call them that.
well in all fairness, ecash isn't bitcoin and also, by many, called a scaling solution for bitcoin. not that the tech is a bad thing, but much of the conversation is around it's ability to scale the amount of transactions "on bitcoin" even though it's not. it's moving those transactions to something else, which is what custodial solutions do in a shittier way.
There has to be a core group of people being absolutists to keep the compromises in check.
well we do have this in the samourai team and they do great work. however, i think they lose alot by not being willing to diversify. i think it's better to be practical. custodial solutions have their uses, and we should be pushing people to hold their own keys as well. a custodial solution moving certain transactions off the main chain are a "scaling solution" in that there is now room for other transactions on the chain.
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