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21 sats \ 8 replies \ @030a29f333 2 Dec \ parent \ on: How Bitcoin Scales w/o Forks: the Lightning, Liquid, On-Chain Triangle bitcoin
I'm assuming OP is describing a scenario in which custodial solutions aren't easily available. Coinos is great, but if they go the way of requiring KYC/blocking access in certain regions, where do you turn next?
Sure if you cannot use it someplace then you cannot use it.
IDK if you can use coinos.io in US.
Can't see how anyone would stop you?
Hopefully the US Chokepoint2 obstruction of Bitcoin MoE will cease under the new administration?
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If I had to recommend one non-custodial tool for newcomers (at least in the United States) without looking at current 'on-chain' fees... it would be Blitz wallet and non-custodial liquid. For 30-50$ or so it has the perfect product-market fit.
Cashu/Fedi for small amounts (under 1000 sats/1$) and then liquid up to maybe 200$ max. Yes I know 200$ may be a lot for some people (it is) but if fees are 5$ on-chain and you want to onboard someone 'now' that 5$ quickly becomes 5% of the transaction cost and you have completely lost them on Bitcoin.
The goal is to get them to non-custodial lightning for social media interaction for sending and receiving. If it is for 'saving' only that is a bit different IMO... and atomic swaps lightning-liquid allow someone to 'spend' liquid everywhere lightning is accepted it is a great idea imo.
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Trouble is non custodial is far more complex than custodial.
If custodial wallets like coinos.io work in the US why not use them?
It seems likely the new US administration will ease back on the Chokepoint2 obstruction that wallet providers have been getting hit with.
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Re the new administration... we don't know yet.
Many Bitcoiners oppose the accumulation of sats custodially. I think there is a place for custodial lightning of course but it's much healthier, especially in the long run if people hold their own keys.
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Agree, but I have found coinos.io LN wallet useable for a non tech whereas non custodial wallets remain significantly more complex to operate for a newbie or non tech user.
Since the context of the post is about $20 beer money it seems OTT to get too concerned about custody...and much more imperative to select the most user friendly wallet for a first time user to start on.
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Agreed on this point, coinos is probably what I would (and have) turned to for easy onboarding. The benefit of having a web interface can't be understated for a newb, regardless of what type of phone they have.
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I haven't tried Coinos... but my impression is that a widely-available, non-custodial app is better than a web interface, especially on a small screen.
Does this make sense?
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No.
Coinos is very easy to use on laptop or smartphone.