reply on: Why is it okay to have a hot wallet on your phone, but NEVER on laptop? \ stacker news ~bitcoin

240 sats \ 10 replies \ @DarthCoin 1 Oct \ on: Why is it okay to have a hot wallet on your phone, but NEVER on laptop? bitcoin

On a mobile device you should have only enough for your daily spending (over LN). So the answer is NO, you should not have a hot onchain wallet in your mobile device, except for opening/closing LN channels.

As a general rule I always recommend the method of 3 levels stash:

HODL - only in cold wallets, long term holding, even in this level use multiple walelts, not just single one.
CACHE - medium amounts, in desktop wallets, nodes, intermediary wallets, to make coin control and good management of funds IN/OUT, swaps etc, multiple wallets too
SPEND - small amounts in LN wallets, multiple wallets too.

Well explained in this guide: https://darth-coin.github.io/beginner/be-your-own-bank-en.html

0 sats \ 9 replies \ @Satosora 1 Oct

Isnt it just bad opsec to keep stuff on your phone?

50 sats \ 8 replies \ @DarthCoin 1 Oct

So how you are gonna pay for your beers? With pink shells?

0 sats \ 7 replies \ @Satosora 1 Oct

With cash. Isnt that how normal people do it?

184 sats \ 6 replies \ @DarthCoin 1 Oct

I live in a bitcoin standard not in fiat standard... remember? Is time for you to do the upgrade.

Here is how I pay for my beers with sats.

And here are even more example how people are paying https://darthcoin.substack.com/p/bitcoin-lightning-irl-examples

0 sats \ 5 replies \ @Satosora 1 Oct

Im just not a fan of having so much information on my phone. Tell me how it goes when you lose it.

42 sats \ 2 replies \ @nerd2ninja 3 Oct

Loses $50 of spending money

and oh yeah, the PHONE which is more expensive!

More concerned with losing my phone than my sats in my lightning wallet.

0 sats \ 1 reply \ @Satosora 3 Oct

Well, if someone who is knowledgeable picks up the phone, you can have a very bad day.

0 sats \ 0 replies \ @nerd2ninja 5 Oct

I mean, a lot of backing up and changing my 2fa and all my passwords sure, but when it comes to losing money, the money on my phone is less of a concern than cost of a new phone.

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71 sats \ 1 reply \ @DarthCoin 1 Oct

Are you this guy ?

Im just not a fan of having so much information on my phone.

Then why are you here? Go back to fiat cage. Did you paid attention to what I said in the main post?

0 sats \ 0 replies \ @Satosora 1 Oct

I will listen to it when l am not near anyone. Cant really trust anyone now days. Could be him shouting obscenities. Whats wrong with believing in security? Just because you have gotten lax in order to use it doesnt mean we all have to follow you.