PSA to new nostr users and new bitcoiners
Only keep a small amount of value in wallets like Alby or Wallet of Satoshi.
They are fantastic onboarding tools, but they own the keys to “your” Bitcoin, so never store more on these apps than you’re willing to lose.
Fiat Analogy: Pocket change.
Non-custodial solutions like a Phoenix, Breez, and Muun are nice options. Still, don’t put your life savings in these, as they are “hot” (internet-connected) wallets.
Fiat Analogy: checking account with a debit card that could be stolen.
For large amounts of value, use a hardware signing device like ColdCard, BitBox, or Jade.
Fiat Analogy: underground security vault full of gold
I will continue recommending WoS and Alby as extremely useful and convenient entry points. Because they are.
But as with almost every single “divisive” issue, the real answer is nuanced and a contextual scale is warranted.
⚡️ Happy stacking ⚡️
bostonwine / boston wine
npub14q…e2q26
2023-07-19 15:45:53
Author Public Key
npub14qz92uedt0a8jte8jqg63jr3s5cc99cej36jh883z6tprlu354uqqe2q26Published at
2023-07-19 15:45:53Event JSON
{
"id": "3c888ed3f4713b04d05b5b1f349ddeb6e8958270fde17ab6738bd30987076a7c",
"pubkey": "a80455732d5bfa792f279011a8c871853182971994752b9cf1169611ff91a578",
"created_at": 1689781553,
"kind": 1,
"tags": [],
"content": "PSA to new nostr users and new bitcoiners\n\nOnly keep a small amount of value in wallets like Alby or Wallet of Satoshi.\n\nThey are fantastic onboarding tools, but they own the keys to “your” Bitcoin, so never store more on these apps than you’re willing to lose. \n\nFiat Analogy: Pocket change.\n\nNon-custodial solutions like a Phoenix, Breez, and Muun are nice options. Still, don’t put your life savings in these, as they are “hot” (internet-connected) wallets. \n\nFiat Analogy: checking account with a debit card that could be stolen.\n\nFor large amounts of value, use a hardware signing device like ColdCard, BitBox, or Jade.\n\nFiat Analogy: underground security vault full of gold\n\nI will continue recommending WoS and Alby as extremely useful and convenient entry points. Because they are.\n\nBut as with almost every single “divisive” issue, the real answer is nuanced and a contextual scale is warranted.\n\n⚡️ Happy stacking ⚡️",
"sig": "be29dc179b75398909285a8ed67732d1d54dae751f0cc973f39af606ca1b5ee2812b7e8b802e32f8bfd213b8105b8cdacd7aeb6db833df9cee761626d96a5da6"
}