Oddbean new post about | logout
 Many such cases. 

If you’re going to use an app like strike, just use it to exchange your fiat for sats, then transfer to an open-source self custodial Bitcoin wallet. 

Strike it is not freedom tech,it is not self sovereignty, and expectations that it will be can only lead to disappointment. I think deep down @jackmallers  would agree. 

My 2 sats. 
 I've seen a few interviews with Jack and it seems he intends Strike to be the Bitcoin wallet that absolutely newb folks to Bitcoin would want and like to use. 

Most people here on nostr ATM are very well versed in Bitcoin and all that it entails but most people, the majority of people don't get it. In 2024 regular people are really starting to get interested in owning some bitcoin. I personally know a few people who haven't taken the plunge because they are afraid to mess up or lose money because they don't fully understand Bitcoin and don't intend to deep dive. 

Strike has a UX that is very familiar to Fintech users and can drive mass adoption (which I'm sure Jack wanted to capitalize on as an entrepreneur). 

All that is maybe beside the point though, I think this article was trying to encourage more P2P Exchanges. That, I think everyone on this thread can agree, we need more of.  
 Yeah, I wouldn’t even consider it a “wallet” honestly