Oddbean new post about login | logout https://i.nostr.build/H65ZGjff0gI9lngR.gif
putting them in a ruggable mint is just as bad… trusted third parties are security holes. Has everyone forgot that? 🐢
Most people never accepted that to begin with, and are not interested in self custody. It’s the sad reality.
Most people never accepted that trusted third parties are security holes? That’s what we’re here for… to remove the risk of that for them in an automated way. Why abandon course for a shortcut? ⛵️ Shitcoiners compromise on their values for shortcut solutions with horrible trade-offs.
It really depends on who you mean by "That's what *we're* here for". You, me, and self custody maxis are probably a very small group of people. I don't know of any other person who uses their own lightning node for zapping other than myself and a small set of very technical people. If we're talking about sending and receiving small amounts of nostr, I think a large portion of the population would be ok with custodians for those. We're not talking about storing your life savings on nostr or custodial lightning nodes. onchain is always there when you want to do that.
I think the confusion is trying to compare different use cases, I don't think there is any scenario where anyone should recommend storing their onchain bitcoin with a custodian. It's not so obvious in the "small amount you goof around with on nostr" case.
I suppose having multiple options is fine so you can choose the level of trust-minimization you desire, but calling it sats instead or ecash feels wrong/posing — like bcash vibes.
Perhaps the most important message some will receive today! nostr:note1hej5gy6f0hr8mrdjh6t6yje94quwcalev7yzz9cr7azjannmz45qzctnlz
Should i still do if i use decentralized exchanges?
Is there decentralized bitcoin exchanges or are you just keeping them in less secure and more centralized protocol?
hodl hodl, robosats and bisq are all decentralized exchange... just hot wallets unfortunatly
include Strike wallet in that prohibition. Do not even store $100 there for zapping. 100% unsecure.
In theory I agree. But my thought is if you would risk carrying $100 cash in your pocket/wallet you can probably handle the risk of $100 on Strike
Low probability of getting mugged in the circles I move in. Strike is 100% unsecure.
Having a Bitcoin balance on an exchange (see: withdrawal limits) is no different than holding shitcoins 🙂↔️ Run a node and verify that you own what you think you own ... on your own nostr:nevent1qqstue2yzdyhm3na3keta9azfvj6sw8vwluk0zppzuplw3fweea326qpz9mhxue69uhkummnw3ezuamfdejj7q3qujm8l8mupgwvu8pye2ged78pg3huectlmm6at66x5wffgvl2fkgsxpqqqqqqz2w2zdz
