Mysth on Nostr: Seeing a lot of people going “LOL ODELL told you so ! We told you so ! Rugged!” ...
Seeing a lot of people going “LOL ODELL (npub1qny…95gx) told you so ! We told you so ! Rugged!” after Wallet of Satoshi announced they’re withdrawing from the US, allegedly from regulatory risks due to their non willingness to enforce whatever KYC BS the US has asked/will ask them.
First, please show me someone who lost funds using WOS before talking about rugs.
Second, if you think the problem is with WOS withdrawing from “The Land of the Free 🇺🇸”, rather than said “Land of the Free 🇺🇸” having become more and more like the autocratic regimes it used to fight against, and slipping away from the spirit of the US constitution, I invite you to check your privilege, and then try to leave the US with all your capital.
Third and last point, whatever you think about Wallet Of Satoshi, it was just one (greatest) option for a LN wallet. It’s beyond me how you can think it’s a win to remove optionality from users.
I’ve onboarded a lot of people to Bitcoin by just buying them a beer through WoS, which led to many to discover the Bitcoin rabbit hole over the next weeks and months, and then they ended up with self custodying their cold stack.
Now I dread trying to offer an orange pilled beer, when first I’ll have to warn people that there’s a 10k setup fee, some channels opening fees, that there might be force closures… in a high and rising fee environment.
Don’t lose the plot. Be objective. Don’t fight the wrong battles.
And good morning.
First, please show me someone who lost funds using WOS before talking about rugs.
Second, if you think the problem is with WOS withdrawing from “The Land of the Free 🇺🇸”, rather than said “Land of the Free 🇺🇸” having become more and more like the autocratic regimes it used to fight against, and slipping away from the spirit of the US constitution, I invite you to check your privilege, and then try to leave the US with all your capital.
Third and last point, whatever you think about Wallet Of Satoshi, it was just one (greatest) option for a LN wallet. It’s beyond me how you can think it’s a win to remove optionality from users.
I’ve onboarded a lot of people to Bitcoin by just buying them a beer through WoS, which led to many to discover the Bitcoin rabbit hole over the next weeks and months, and then they ended up with self custodying their cold stack.
Now I dread trying to offer an orange pilled beer, when first I’ll have to warn people that there’s a 10k setup fee, some channels opening fees, that there might be force closures… in a high and rising fee environment.
Don’t lose the plot. Be objective. Don’t fight the wrong battles.
And good morning.