anita on Nostr: In regions where the internet is slow or unstable, using Bitcoin’s Lightning ...
In regions where the internet is slow or unstable, using Bitcoin’s Lightning Network with self-custodial wallets can be a challenge.
That's why I did a review of the best Bitcoin Lightning wallets in rural #Zimbabwe for @BitcoinMagazine
I hear and read statements saying that newbies need convenient, easy-to-use tools, otherwise they would be overwhelmed and won’t use Bitcoin. I think this is wrong.
People who are being onboarded onto custodial services are harder to convince to step up their game toward financial sovereignty and start using non-custodial tools. There is a big resistance to change habits.
If a person starts using a custodial wallet, they very, very often believe that they are using Bitcoin already. They will tell you that they never faced any problems and that they, therefore, don’t see a need to change their setup.
As a Bitcoin educator, it is my first duty to teach people about self custody, why it is important and to make them aware of the risks they are taking. They need to understand the difference between custodial and non-custodial services.
Only then do I present different tools and make them familiar with the pros and cons of each one. Afterwards, they need to decide for themselves which route they want to take.
That is the only way that people won’t consider me responsible for any losses they might incur and it’s the only way that they will understand that Bitcoin is all about ownership.
I was unsure, though, if Phoenix or Breez would work in a setting with bad internet connectivity. That’s why I set out to do a test in the area of Great Zimbabwe, about 300 kilometers south of the Zimbabwean capital of Harare.
In my review I included @Machankura8333 @MuunWallet @WalletofSatoshi @Breez_tech @ZeusLN @BlueWalletio @PhoenixWallet @ln_zap
I tested @Breez_tech, @ZeusLN and @BlueWalletio on an iPhone and @PhoenixWallet and @ln_zap on an Android device.
For the results please read my article 👇🏻
https://bitcoinmagazine.com/culture/top-bitcoin-lightning-wallets-in-slow-internet
That's why I did a review of the best Bitcoin Lightning wallets in rural #Zimbabwe for @BitcoinMagazine
I hear and read statements saying that newbies need convenient, easy-to-use tools, otherwise they would be overwhelmed and won’t use Bitcoin. I think this is wrong.
People who are being onboarded onto custodial services are harder to convince to step up their game toward financial sovereignty and start using non-custodial tools. There is a big resistance to change habits.
If a person starts using a custodial wallet, they very, very often believe that they are using Bitcoin already. They will tell you that they never faced any problems and that they, therefore, don’t see a need to change their setup.
As a Bitcoin educator, it is my first duty to teach people about self custody, why it is important and to make them aware of the risks they are taking. They need to understand the difference between custodial and non-custodial services.
Only then do I present different tools and make them familiar with the pros and cons of each one. Afterwards, they need to decide for themselves which route they want to take.
That is the only way that people won’t consider me responsible for any losses they might incur and it’s the only way that they will understand that Bitcoin is all about ownership.
I was unsure, though, if Phoenix or Breez would work in a setting with bad internet connectivity. That’s why I set out to do a test in the area of Great Zimbabwe, about 300 kilometers south of the Zimbabwean capital of Harare.
In my review I included @Machankura8333 @MuunWallet @WalletofSatoshi @Breez_tech @ZeusLN @BlueWalletio @PhoenixWallet @ln_zap
I tested @Breez_tech, @ZeusLN and @BlueWalletio on an iPhone and @PhoenixWallet and @ln_zap on an Android device.
For the results please read my article 👇🏻
https://bitcoinmagazine.com/culture/top-bitcoin-lightning-wallets-in-slow-internet