Replies (60)
Primal's start is promising
In 10th place after a weekend!
Remarkable
95.92% custodial. Wow
I donโt think custodial zaps are that big a deal tbh. Just donโt keep a lot in it

how is zbd number #2 anyways nvm
Whatโs a lot? What if the richer Bitcoiners normalize these wallets for the less fortunate who (ultimately have to?) put a larger portion of their stack or all of it in?
F
Gotta love how Alby advertises as a honeypot though! ๐๐
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I think I'm going to start onboarding with lntips
๐๐คฃ
This is more fucked then looking at the mining pool chart
Why would you have to put your whole stack in?
Wow, I wouldnโt have guessed
@ZBD is that far ahead yet.
by two other custodians and one does kyc lmfao
People who are onboarded to bitcoin through custodial Lightning will likely stay there as long as they see that itโs working for them and self custody is a difficult concept to grasp. Also, on-chain fees will be a major factor.
They'v been really aggressive on nostr inside their own app
... which is really annoying when you consider that the only people who can zap those addresses and folks with IPs from select states ๐
All custodial wallets share the same fate.
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I don't like the name getalby. What does it mean? Who/what is alby? Seems like it has nothing to do with bitcoin.
Anyone?
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This is fucked up... I guess people don't trust them self. Self custody fuckers.
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They will stay there as long as they're okay with potentially losing everything they have there. If they have thousands of dollars worth of Bitcoin they're not going to feel as safe leaving but there as it's pretty easy to self custody on chain and fee isn't really a problem if you have that large of a stack.
Iโm such a noob. But did my research and got started on the right foot.
@OpenSecret rocks.
primal has a wallet? how?
i m not understanding this. the #lightingnetwork wallets do not allow you to hold your keys.
the only way is to run your own lighting network node. correct?
so i do not understand this post
The world needs
@ZEUS and
@OpenSecret.
Not bad #ZBD not bad at all.
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How can i get a customized url for primal.net? ie primal.net/jack
How can i get a customized url for primal like yours? ie primal.net/username
Hmmm sus
What do you mean?
ZBD does KYC?
Itโs because is easy and integrate nostr with sats wallet this is easy to use in another level
Meant more as a joke. Any time I see a company have bees or honeypots in their media it strikes me as odd. People here all the time worry of bitcoin honeypots, and they go with that symbol type. Lol
Not gonna lie. I read that as hummus.
You were human to end up in a jar, not it, man.
So you were testing some logical reasoning but forgot to build with #mainvolumeโs certificate and the phone slow cooked my leg and you in a jar since inconclusive causalities.

Messing with time no joke.
It was a friendly concession from Primal itself.
You can try asking them.
I concur
You'd think that but look how large things like coinbase custody is, a lot of people simply don't care or are too lazy
Thatโs a pretty US centric point of view tbh. For many a few hundred dollars is everything already
>95.92% custodial
>"decentralized"
You will never be a decentralized currency. We need a good layer one crypto currency
Use a vpn
Weโre earlyyyy
95% custodial ๐คฎ
sure hope those top two aren't in the US ..
Yeah Alby is very good
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Then they won't benefit by paying exorbitant fees to be on chain or by spending fees and loads of time managing a lightning node anyways.
If they're too lazy to care about who has access to their life savings then it's going to be a hard lesson for them at some point in the future. Best we got is to educate people on the pros and cons. The pros of self custody on chain far outweigh the cons for large sums of money. For small sums of money, the pros far outweigh the cons for custodial lightning. The con to custodial lightning are that I risk losing an amount of money I'm... okay with losing...
Zap.stream up there somehow?
Lol I mean yes, but I'm not gonna configure my vpn to one of the whack-a-mole states they support just to zap a zbd user
... it's such a strange thing to ip filter anyway, that and NIP-05 resolution. I guess it makes sense if your ingress logs are regulated too ๐คท๐ฝโโ๏ธ
Sounds like it sucks to be a ZBD user.
an address used for both sending and receiving on a single provider should be counted twice, as a lot of users use one provider for sending and the other for receiving
same question ๐
Whatโs the script you use to figure this out?
I guess it's from people signing up on zap.stream, they get an LN address which people can use to zap their balance there.
But i didn't expect it to be so much..
The trigger should be transaction/balance limits, and custodial wallets should tell you to either shift to non-custodial or do some egregious KYC step at a certain limit
... custodial wallets need to become deliberately painful at a certain level of usage, and they should also provide easy pathways to non-custodial at that point as an option
... which is why things like WoS's 5 BTC per transaction limit is such a huge red flag for me
Time for me to swap my zap wallet from WoS to Alby ๐ซก