Manánguri on Nostr: But, that's not what centralized means though. I guess you've never come across the ...
But, that's not what centralized means though.
I guess you've never come across the concept of custodial wallets before.
Strike, Wallet of Satochi, Cash App, Alby, Primal, these are all custodial wallets that if they go down, or get seized by the government, your Bitcoin is gone
So, what exactly is the point you're trying to make? That custodial wallets run the risk of being rug pulled or seized?
You're a bit late to the party with your ground breaking news. That fact is well understood by everyone. Well, except you it seems. You don't even know what centralized means. Wallet of Satochi is centralized. Alby is centralized.
Liquid, Mutiny and CashU use a federated server model precisely so they are federated and not centralized like Alby, WoS, Strike etc. By using federated severs across many countries, it greatly diminishes the risk of rug pulls and government seizures.
I guess you've never come across the concept of custodial wallets before.
Strike, Wallet of Satochi, Cash App, Alby, Primal, these are all custodial wallets that if they go down, or get seized by the government, your Bitcoin is gone
So, what exactly is the point you're trying to make? That custodial wallets run the risk of being rug pulled or seized?
You're a bit late to the party with your ground breaking news. That fact is well understood by everyone. Well, except you it seems. You don't even know what centralized means. Wallet of Satochi is centralized. Alby is centralized.
Liquid, Mutiny and CashU use a federated server model precisely so they are federated and not centralized like Alby, WoS, Strike etc. By using federated severs across many countries, it greatly diminishes the risk of rug pulls and government seizures.