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1062 sats \ 3 replies \ @DarthCoin 31 Jan \ on: Are SN users using CoinOS and other apps helping or hurting these app devs bitcoin
Remember my fucking warnings? #841050 and #841257
CoinOS is a nice platform designed to onboard new merchants, helping them get onboard in an easy way...
But what people do? ABUSE IT!
And mass influx of users will get more attention from bad actors, that will be attracted for more prey. And what they gonna do? Abuse it more until will break it.
Of course Coinos will get out from this issue, no doubt, but now as I said many times, the nice little platform is not what was before.
Yes. SN users should stop using any custodial account linked to SN.
Run your fucking own LN node or just use CCs.
It is nothing wrong with using CCs, damn it.
FFS as I screamed from the beginning of all this shit: SN should just stay as it was before. All this mess with "p2p zaps" and CCs is only a storm kicking the nest. And for what? for absolutely nothing to achieve.
Thanks for sharing your perspective Darth. I totally get what you are saying. That's why I asked for the actual dev's perspective.
I think its gonna be ok though...
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The custodial services are always nice and useful when are not abused, keeping a low level profile.
Once they get too many users and bring more attention it is always somebody that will fuck it up, be it a hacker, being an enemy or even users themselves abusing the service and collapsing it.
I raise this warning and advice to all new users: when you find a new custodial service, try not to abuse it. Custodial are useful as decoy, temporary liquidity, testing stuff, getting onboard, but that's it. Don't stick forever with a custodial service, find your own way out to self-custody meanwhile the custodian is helping you.
Don't rely 100% only on custodians. Yes, you can use them, I am not against them. CoinOS is the perfect example of a nice custodian that its main focus is onboarding new small merchants. But that doesn't mean you are not starting to build your own self-custody stack.
But people are... retarded.
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Not bothered by your hysterics- Im using Coinos because its easy and this level of ease is required if Bitcoin is to be used widely.
Using Coinos does not prevent me from storing most of my sats in secure cold storage- its just a ot easier to use Coinos to custody sats from home mining and SN asnd for general LN spending...the few places its available.
You can go live in a forest like a Libertarian monk far from any benefits of civilisation and the governments you hate - but you won't because you would not last a day without the comforts and ease that government and organised society provide you.
As far as I can see CC are not ideal but forced upon SN by the absurd custodial rules of the government and bankers fiat cartel - if SN did not introduce CC they appear to have been exposed to action from the regulators...maybe that pressure is now less under the new President but who knows?
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