Suggesting this is a rug is very bad faith. I'm on the Telegram group and the guy is ALWAYS answering to requests from users and everyone is quite happy with the product and the way it's handled. Once they found the problem they immediately disclosed to everyone and are trying to fix it.
I have some sats on Coinos and I fully understand it's a custodial service and there are risks, if you don't understand it that's your problem.
What saddens me is that people trying to build cool things are immediately crushed once there is an issue.
Anon what are your products and what have you done for the community?
I understand your sentiment and I don't think coinos will rug pull.
At the same time actual rug pulls have exactly the same story.. "these guys were so helpful in their support channels, they got me really excited. I bet they are working really hard to resolve the issue, but somehow now they are no longer replying, it's probably ok, right?"
Read the replies from victims of actual rug pulls in the past and this is what you will find...
I got a response from him today. He's working on it, and he's one person who's provided a great service for...I don't know, it's been at least 6 months or so.
Everyone knows not to put too much faith in custodial services. I didn't have more on there than I would have been willing to lose.
I'm not sure what you can do. How realistic is it to freeze funds until you can figure out who owes what? It seems like an impossible task... and even if you do figure it out, there will be questions about whether it's accurate.
I'm not sure what'd I do in this situation. Seems like a bad situation all around.
he is crying like a baby showing that his few sats on coinos are the only ones that could use.
I can pay with primal?
Just look at this... still using another custodial shit.
People will never learn the lesson.
Too much drama and noise for nothing.
RUN YOUR DAMN LN NODE !
I always said: for what is worth it... CCs are perfectly fine for a "pay to post" place like SN and much safer and cheaper than any custodial account attached to SN.
But yeah... people are calling Darth crazy... but you cannot ignore the consequences of my advice.
For now everything seems transparent, I agree with the comment of the friend @Wumbo
We hope to see how it is solved, on the other hand always keep in mind that this was a service where custody did not have, so I only use it as a vault to keep.
preventing any failure that leads me to a significant loss of funds.
If it's resolved it's not a rug pool. You were using a bank you weren't paying for. What did you expect? If anyone is attemtping a rug pull here, it's you. You just failed.
My locked 19k sats (a few hundred unlocked, as they were from after May 10) were fully available this evening. I spent them on some #v4v stuff right after recovery. All good now. And the main guy at Coinos kept everyone abreast of the updates via Telegram, email, and replies to DMs the whole time since 5/9
Phoenix works as an attached wallet? I was unaware of this. Its lightning address is experimental and when I tested it never worked.. but I'm curious about what you are talking about here.
Zeus uses hodl invoices for lighting addresses which people don't like (me included).
Perhaps I should have emphasized it is my experience. I do recall @k00b saying there was an issue with using some LN addresses as an attached wallet too, but that was a while ago. Maybe things have improved.
FWIW, I've been using eCash for a while. Switching back to my own node. I like to try stuff for a while regardless of what Darth says ;)
The funny thing is the reason I really went to eCash was because I could not get NWC to work on my node. Today it just worked... I have no idea what I was doing wrong or if it was an issue with Alby Hub or SN. I think it was with my node because I couldn't get Nostr apps to work with NWC either.
Yes. I had trouble with Zeus early on, and I think another one too. NWC has been best for me. I used LNC with lightning terminal for a while too, but that wasn't as reliable.
Zeus uses hodl invoices to avoid having to have a server online all the time. They are flakey in my experience as well. Coinos and Minibits work pretty well but they are custodial and have had issues from time to time with SN's throughput.
Do you think they aren't paying out? Or you just can't redeem them (the invoices?)
I was getting Brains payouts to a LNaddress, plus stacker news and aside from having to 'claim' once every 24 hours it worked OK. I wish i had 48 hours and the zeus app was quicker to load (although keeping it 'on' in the background may help too)
Failed payments was the issue I saw but I quit using it. I don't think Zeus is the best option for lighting addresses. Better if there is an always on server to handle payments.
LOL, in the early days I tested NWC and specifically Alby Hub on my node. It was failing. Now it works. Not sure what changed but it does work for both paying and receiving now.
i know they had plan to make their front-end self-hostable. I hope that still happens, sounded like it'd be something similar to albyhub that you could run on your own hardware.
Suggesting this is a rug is very bad faith. I'm on the Telegram group and the guy is ALWAYS answering to requests from users and everyone is quite happy with the product and the way it's handled. Once they found the problem they immediately disclosed to everyone and are trying to fix it.
I have some sats on Coinos and I fully understand it's a custodial service and there are risks, if you don't understand it that's your problem.
What saddens me is that people trying to build cool things are immediately crushed once there is an issue.
Anon what are your products and what have you done for the community?
I understand your sentiment and I don't think coinos will rug pull. At the same time actual rug pulls have exactly the same story.. "these guys were so helpful in their support channels, they got me really excited. I bet they are working really hard to resolve the issue, but somehow now they are no longer replying, it's probably ok, right?"
Read the replies from victims of actual rug pulls in the past and this is what you will find...
Mhhh, also good point, haha
Good point, throwing around serious accusations for fun isn't fun.
I got a response from him today. He's working on it, and he's one person who's provided a great service for...I don't know, it's been at least 6 months or so.
Everyone knows not to put too much faith in custodial services. I didn't have more on there than I would have been willing to lose.
I am not happy that the outage and backup failure occurred but:
I do like the way they did the UI to communicate the issue. "You have this much locked vs unlocked Sats."
Time will tell if it becomes a "rug pull" but so far they seem to be fairly transparent in resolving the issue.
I struggle to think of what I would do differently, if was the person running the service
I'm not sure what you can do. How realistic is it to freeze funds until you can figure out who owes what? It seems like an impossible task... and even if you do figure it out, there will be questions about whether it's accurate.
I'm not sure what'd I do in this situation. Seems like a bad situation all around.
I know users are frustrated but they seem to be patient.
CoinOS is managed by one person
@ek is there a way to pay the territory fee as an invoice so I can pay with primal?
@grayruby @Undisciplined @Aardvark
Disable all sending wallets and a QR code should show up
If you're already KYC'd into Primal, you can just replace you CoinOS NWC send with one from Primal, and your lightning address with Primal's.
Oh, good point
You still haven't gotten your Coinos sats back? Are you all just fucked?
You guys still do not run your own fucking nodes? SUCH LOSERS
I do and I think RBD only had sats on there temporarily to pay upcoming territory rent.
he is crying like a baby showing that his few sats on coinos are the only ones that could use.
Just look at this... still using another custodial shit. People will never learn the lesson. Too much drama and noise for nothing. RUN YOUR DAMN LN NODE !
I'm surprised you aren't being a Cowboy Credits maxi about this.
Clearly he should have built up a huge stash of Cowboy Credits for rent payments.
#979012 There's a difference between being "CC maxi" and "run your node maxi". Are 2 different things when is about using SN.
Seems that people still do not understand my position about this.
But some people want both. That is not easy.
https://postimg.cc/Xp3KCxbW
I always said: for what is worth it... CCs are perfectly fine for a "pay to post" place like SN and much safer and cheaper than any custodial account attached to SN.
But yeah... people are calling Darth crazy... but you cannot ignore the consequences of my advice.
I feel like the meme would be better if Pam had a Vader mask on.
maybe is @plebpoet 😂😂😂😂😂 ?
I can see that
Lol as long as your sats lost is cheaper than buying a Pi4 or running a cloud node you stiill coming out ahead
even if they don't rug users, I'm pretty sure this is the end of their business. Nobody is gonna recommend it.
What a shame, they could have used Lightning.Pub as a back-end and streamed the transaction logs to a second instance for instant recovery
For now everything seems transparent, I agree with the comment of the friend @Wumbo
We hope to see how it is solved, on the other hand always keep in mind that this was a service where custody did not have, so I only use it as a vault to keep.
preventing any failure that leads me to a significant loss of funds.
If it's resolved it's not a rug pool. You were using a bank you weren't paying for. What did you expect? If anyone is attemtping a rug pull here, it's you. You just failed.
The rugs will continue until people realize Bitcoiners are also after your Bitcoin this cycle.
Sorry @denlillaapan but I think I accidentally helped @ek in generating controversial posts to boost SN item count 😅
Shame.
But it's ok, he's lost anyway
He has no chance?
Not unless he pulls stunts like he did the other week
My locked 19k sats (a few hundred unlocked, as they were from after May 10) were fully available this evening. I spent them on some #v4v stuff right after recovery. All good now. And the main guy at Coinos kept everyone abreast of the updates via Telegram, email, and replies to DMs the whole time since 5/9
Yup I’m good!
Why don't you guys just use zeus wallet. Or phoenix. Or one of a number of non-custodial options? They work great and integrate well.
I used to use phoenix until they left USA
I need an “attached” wallet that can connect to SN
Phoenix is back in US
Blink works
Phoenix works as an attached wallet? I was unaware of this. Its lightning address is experimental and when I tested it never worked.. but I'm curious about what you are talking about here.
Zeus uses hodl invoices for lighting addresses which people don't like (me included).
In my experience lightning addresses in general do not work well as an attached SN wallet
I mean... they do though? Lightning addresses have always worked for me...
Perhaps I should have emphasized it is my experience. I do recall @k00b saying there was an issue with using some LN addresses as an attached wallet too, but that was a while ago. Maybe things have improved.
Unless you're using ecash with Zeus, Zeus lightning addresses still require you to open the app to accept a zap.
Exactly. This is not a great UX IMO. Its fine, but not what I wanna do. I'd rather run my own server or use eCash.
Short of running a server... either it's custodial or an LSP (although Zeus 'is' a full node where you can open your own channels).
What will 'the masses' use in the future?
FWIW, I've been using eCash for a while. Switching back to my own node. I like to try stuff for a while regardless of what Darth says ;)
The funny thing is the reason I really went to eCash was because I could not get NWC to work on my node. Today it just worked... I have no idea what I was doing wrong or if it was an issue with Alby Hub or SN. I think it was with my node because I couldn't get Nostr apps to work with NWC either.
They do work but he was using Zeus which has hodl invoices which aren't super reliable in my experience.
May I ask... do you find that the payments just don't go through?
That's interesting. Its all I've used for receiving. Do you use NWC for receiving?
Yes. I had trouble with Zeus early on, and I think another one too. NWC has been best for me. I used LNC with lightning terminal for a while too, but that wasn't as reliable.
Zeus uses hodl invoices to avoid having to have a server online all the time. They are flakey in my experience as well. Coinos and Minibits work pretty well but they are custodial and have had issues from time to time with SN's throughput.
Do you think they aren't paying out? Or you just can't redeem them (the invoices?) I was getting Brains payouts to a LNaddress, plus stacker news and aside from having to 'claim' once every 24 hours it worked OK. I wish i had 48 hours and the zeus app was quicker to load (although keeping it 'on' in the background may help too)
Failed payments was the issue I saw but I quit using it. I don't think Zeus is the best option for lighting addresses. Better if there is an always on server to handle payments.
LOL, in the early days I tested NWC and specifically Alby Hub on my node. It was failing. Now it works. Not sure what changed but it does work for both paying and receiving now.
I think I may have found a SN bug with LN address support.
Reported the issue I've been seeing
https://github.com/stackernews/stacker.news/issues/2160
Good think I only had 1000 sats on mine
I'm still wandering why you're having coinos issues. Mine is working perfectly perfectly fine
In fact, they update frequently, and they already enable withdrawals for most, good day
just wait until this happens with a big cash mint
This is where self-custodial wallets win :)
I think you can buy cowboy credits as an invoice and use them to pay for the territory
i know they had plan to make their front-end self-hostable. I hope that still happens, sounded like it'd be something similar to albyhub that you could run on your own hardware.
https://github.com/coinos/coinos-ui
https://postimg.cc/v1bK5NH4
I support you. Self-custodial wallets win this one.