What's different about the app now that it is more widely available? I guess my question is focused more on the US. Why is WoS offered in the US now vs. In 2022? I think it was 2022 when it was removed.
7.3 Third-Party Terms and Privacy (Self-Custody)
The self-custody features are powered by Spark from LightSpark. By activating or utilizing these features, you consent to abide by their Terms of Use and Privacy Policy, which supplement this Disclosure Document. Notable provisions from Spark's terms include the acceptance of use at your own risk, the absence of warranties, a limitation of liability capped at $100 in most cases, and your obligation to ensure compliance with laws and maintain security protocols.
it's not even 100% guaranteed self custody when the previous owner of your funds can collude with the service provider to steal the money from your wallet. the service provider has to delete their part of the key and they can't prove they are doing that.
In my consulting (to merchants wanting to accept bitcoin) WoS compete with the Blink most often.
WoS now improved only in one aspect - self custody. Also has better privacy because does not require phone number.
But Blink is better in this:
- Much better UI
- Stablecoin (not much relevant in North America and Europe)
- has great API so:
- we can build things around it
- many alternative POS on the GitHub covering different needs
- @btcpayserver plugin
Биткоин-лайтнинг кошелек Wallet of Satoshi добавил долгожданную опцию самостоятельного хранения (self-custody) ваших сат.
Теперь вы можете держать приватные ключи у себя, не доверяя их третьим лицам, но при этом сохранить всю простоту использования, за которую любят этот кошелек.
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Self-custody where you don't control the on-chain UTXO should be called something else.
It's a net positive that more Lightning options are emerging, but let's be honest about what the product is, for everyone's benefit.
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