mrldotsh on Nostr: I am using Phoenix as well. It is a good choice to get into self custody smoothly & ...

I am using Phoenix as well. It is a good choice to get into self custody smoothly & quickly.

However, I have also learned that many people struggle with the concept of writing down a seed phrase.

For new comers (that don’t even use password managers), this concept is pretty alien.

Now, I mentioned password managers but not to tell them to store their seed phrases in password managers. That’s not a good thing to do.
I mentioned password managers to highlight the fact that most people are still pretty bad in managing their passwords even in 2023.

So, I kind of get why many resort to WoS because it is very easy to get into BTC.

People are used to having everything managed for them and it being able to recover somehow (I.e. customer support etc.).

IMHO, you‘ll scare these kind of people away (or lead them to failure and fuck up because they lost their seed phrase that was written down on paper).

For these people, I can see why WoS is a good start. Then from there, level up.