Soulexporter on Nostr: #MestadelMushing @800100 "Custodial (lightning) wallets are good for my LT HODLing ...

#MestadelMushing @800100

"Custodial (lightning) wallets are good for my LT HODLing 👀"

One of the reasons I still look at f.e. Twitter is because I want to keep exposing myself to takes that are in conflict with my own (current) believes. On the other hand a lot of takes are just plainly retarded and not challenging at all so I just take an opposing view, trying to see things from another point, sort of self-adversarial thinking.

My controversial take of today states something I would strongly disagree with myself in the past, so how did I get to this statement, and how would I justify this weird take 🤔

There is once in a while a spiraling discussion/hot take on how we should not recommend custodial wallets to noobs (or anyone else for that matter). Instantly my personal duality is reverberating on those by agreeing and disagreeing at the same time, simply because: It is so much easier for a noob to first play with some free Sats on an easy tool, and then to understand more and dig deeper ending up in the rabbit hole of their choice.

In my view it would be hard to convince people to switch to something harder to do without a clear instant benefit (we are trying to revert high time preference people, which is best done with a low time preference😉). You can see in society that people are being conditioned to use tracker money by presenting it as something fast and easy. So the way to introducing them to Sats has to be just as (or even more) fast and easy. Including installing the tool (app.).

On the long run I would hope my orange pilled subject is turning to self custody ASAP, but as with anything: I point out my point of view, afterwards to each their own.

But what for me? In full disclosure, I hade a good Lightning node running, until I ran into some DB issues on that node that coalesced with some DB issues in my head 😅. I closed channels and put node in figurative fridge.

So how does this turn into the above statement?

For a lot of plebs Sats are the solution to keep anonymity, freedom, and above all the absence of stringent control over the movement of their financial transactions.

When buying goods that are delivered to an home address, is it a good thing then to pay for that good in Bitcoin?
Maybe there is no other way, or you just want to support that specific project, there is some information you will always give up some information (Such as: You at least know about Bitcoin 😉) depending on your knowledge and relevant skills.

I am a good example since I am not that technically skilled/experienced, and still I am at least more aware than a good chunk of people around me.

For those who do not understand how to take better care of their privacy, it might be a good idea to diversify:
- Some Sats, KYC'ed or not, on a custodial lightning wallet.
- Some Sats on a non-custodial lightning wallet,
- And some generational wealth that you put into the safest storage that fulfils your personal needs.
And any other mix you want to explore and study.

Having a custodial lighting wallet allows people to have some "Quick and dirty" spendable sats. If it is to play, or to showcase potential new-coiners that Bitcoin is not only the "old and boring" (read reliable and safe), it takes at least one worry away:
These Q&D Sats don't instantly trace back to "a CJ utxo I want to keep secret" or "the grandchildren utxo that grew a lot more valuable over time that might tempt a 10$ wrench attack"

We can all agree a custodial wallet is not a good place to store a substantial portion of your Sats long term. But if you have some money on you that you can pull out in any situation, you don't have to worry that anyone sees you rummaging through your 'strongbox'.

In conclusion: that custodial (lightning) wallet makes absolute sense to me, at least when a privacy focused OG shakes their head disapprovingly when they see me paying with f.e. a Wallet of Satoshi, maybe I was just able to obfuscate my knowledge 😉

#Meshtadel