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Why are you shilling a bank?
Coinos is not a bank but a great platform for onboarding newbies
The founder Adam is a great advocate for bitcoin and lightning and liquid and mints/cashu and nostr
The reason why I disagree with this is because there are "graduating" wallets out there now that do work. Zeus does this, though it's a bit unstable for me on AOSP with high security settings, and shockwallet does it, which I am testing now (I'm testing the full graduation path, no shortcuts, so I'll have a ton of findings.)
Personally, I'd never recommend coinos' type of custody for anyone, because:
- You're not only bound to the honor of the guy that owns your sats, you're bound to their ability to secure it and their ability to resist coercion. Warren 2028 or 2032? Y'all get rekt. It grows to a point where there are real sats to be taken? It'll crumble under scrutiny of a real cybercrime network. Tick, tock.
- I don't think Adam is a bad guy; I think he is on a great learning curve and means well. But the downtime, the hacks and the operational fuckups do not make this something I can recommend to someone and have a clear conscience. You get convenience until you don't.
- If you need a bank, get a real bank, not one that tries to hide the fact that they're a bank. The cringe shit here is that it's all narrated. Someone pasting me a screenshot of a chatbot summarizing the marketing website as evidence. That's the saddest form of cognitive poverty I have ever seen in my life.
Last point, Bitcoin was envisioned to not need custody. If a solution only works with custody, it is a bad solution. We shouldn't be afraid of L1, we shouldn't be afraid to work on non-custodial LN. Luckily, smart people like Evan and Justin work on this. Without much hype and from an underdog position.
In the end what matters is: does your solution give you a chance to rug me? And how do you protect me against that. How do you inform me? How do you teach me to not trust-me-bro.
Forgive me if I'm not understanding, but it doesn't look like Zeus can send sats on SN. It isn't a spending wallet here, and it can just receive, no? With Coinos (and only a few other options), you can simply receive AND send on SN. And it's super easy to set up...took me 2 minutes. Good luck setting up Zeus or something else in 2 minutes...
You're not understanding because you're not reading, you just want to be right about something you have given zero thought to and you're literally parroting a known troll.
I addressed your "2 minutes" [1] above:
You get convenience until you don't.
By all means, ignore everything I say. Don't read. Just keep on pasting screenshots.
You wanna be right? "You're right". And because you're now right, I'm going to personally hold you responsible for the future losses of everyone you tricked into using this shit. And why did you do this? Because you want to be right. lmao.
fwiw you can set up shockwallet in 2 minutes and I guess about 2 hours with your own lnd, reasonably secured too. Zeus means you need to enable NWC, but it can still work (but like I said, it's unstable for me) ↩
I missed that initially. Thanks. And I'm a big fan of Shockwallet. I'll be migrating there soon for my SN needs @justin_shocknet :)
yeah thanks for the info. I don't understand all the FUD around coinos...
oh no. I can't do anything right these days I guess. Can't make everyone happy! Have a great day @optimism !
I'm not shilling a bank. I'm giving a tutorial for people who want to set up a spending wallet. I had no idea who coinos was until I recently looked in the SN wallet settings and saw they were an option. And you still haven't explained your question. How are they a bank? What's wrong with "shilling" them? Maybe you have some bad experience you'd like to share with us?
And the only one I seek to please is our Heavenly Father, Lord Jesus Christ. Thank you for the reminder. ~Christianity
The guy who runs CoinOS is called Adam and he's on here
He's unfortunately had some unbelievably bad luck
CoinOS has been compromised multiple times, all documented on here and Nostr
Would be worth doing due diligence on the search function
Lifpay is also a suggestion on the wallet section here but they sunsetted their operation years ago
When Optimism talks, it's probably worth listening 👂
ohh ok I'll take a look. thanks. I think Stacker news should update their wallets list, and maybe include a light description of each wallet to give the user at least some sense of security in their decision making process. @k00b
Fixed it
I think Stackers should research the wallets list, and maybe learn a bit about each wallet to give themselves at least some sense of security in their decision making process @k00b
After all we are sovereign individuals right? Can't expect k00b to do everything for us
What specifically are your issues with coinos?
I find it extremely easy to use and very low fees.
There is no LN wallet I know of that is easier and cheaper to use.
Sure you would not leave a large quantity of sats on it but as a way of using the LN and sats as a P2P payment protocol I cannot name any wallet more easy and affordable to use- can you?
I have noticed a LOT of FUD spread around about Coinos but very little real or substantiated evidence to support that FUD.
Because it offers such a great service there seems to be a lot of bad mouthing from competing wallet providers but none of them offer the same low fees and ease of use.
Show us the evidence Coinos is not the best wallet for using LN easily and affordably.
I doubt you can.
cool yeah, it was just a suggestion
IDK bro I'll leave it up to you to explain your condescending question
https://m.stacker.news/136778
Directions:
Just go to "wallets" in the SN settings. Click Coinos and past the NWC secret that you'll copy from Coinos. Set a budget, since this is technically a hot wallet connected to the internet so you should not risk too many sats just in case!