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resistancemoney / Andrew M. Bailey
npub1yez…awc7
2023-11-14 10:42:29

resistancemoney on Nostr: Folks who continue to use Wallet of Satoshi (and recommend its use) would do well to ...

Folks who continue to use Wallet of Satoshi (and recommend its use) would do well to write down some guesses about these three scenarios (rug, shotgun, honeypot). How likely is each, and how does the sum probability of those three dire scenarios compare to a graceful WoS exit or ongoing functionality?

It’s called risk management. You either do this, or reality does it for you.
wallet of satoshi is a closed source custodial bitcoin wallet that many bitcoiners have installed on their phones with camera and clipboard permissions, most new bitcoiners throughout the developing world use it, and the overwhelming majority of nostr users

in my mind there are only three possible scenarios for WoS: rug, shotgun kyc, or deliberate honeypot
Author Public Key
npub1yezu4atsdgchvlyjz5efwks8n7ze2rssq674qe04m5pp8e5y32tqfdawc7