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no lies detected View quoted note →

Aweome article, enjoyed reading it.

"I really like the user experience of custodial services. I would never put a lot of money into any one of them though, because I don't trust them. Just like I wouldn't walk around with $10000 in my physical wallet. The risk that it gets stolen is simply to great. At the same time, this risk doesn't mean I will get rid of my physical wallet. I think having a wallet with some cash in it is super useful. I will mittigate the risk by reducing the amount I carry inside that wallet. This is the same way I think about digital money I hold in custodial wallets, be it an ecash service or others." Would significant global transaction volume in paper wallets, and satscards, mitigate the tradeoffs?

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TLDR Every custodial solution, be it multisig or not, will suffer from this risk. It is part of the deal. Act accordingly. Plan for this risk when choosing to use a custodial system. View quoted note →

Great article and take. Bullish on the examples you provided. 🤙

Thank you