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0 sats \ 2 replies \ @DiedOnTitan 31 May \ parent \ on: Summarizing my thoughts on ecash bitcoin
I agree in principle with this take. I draw a distinction between on-chain HODL accounts with steel plates in cold storage, and hot wallets that can be used with pocket change for coffee around town. The two are not the same nor do they need to be protected exactly the same way, IMHO.
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0 sats \ 1 reply \ @sethforprivacy OP 31 May
Of course they don't need to be protected the same way, but we also don't have to sacrifice self-custody.
A much better middle-ground for the novice user is using Phoenix and saving the seed in a good password manager like Bitwarden. Once they get more advanced and have a good HWW they can use BIP 85 child seeds for their hot wallets and get the best of both worlds.
I see zero need to sacrifice self-custody at this point or any point for that matter.
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0 sats \ 0 replies \ @DiedOnTitan 31 May
If it's not on-chain it's not self-custody.
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