Folks who continue to use Wallet of Satoshi (and recommend its use) would do well to write down some guesses about these three scenarios (rug, shotgun, honeypot). How likely is each, and how does the sum probability of those three dire scenarios compare to a graceful WoS exit or ongoing functionality? It’s called risk management. You either do this, or reality does it for you.
ODELL's avatar ODELL
wallet of satoshi is a closed source custodial bitcoin wallet that many bitcoiners have installed on their phones with camera and clipboard permissions, most new bitcoiners throughout the developing world use it, and the overwhelming majority of nostr users in my mind there are only three possible scenarios for WoS: rug, shotgun kyc, or deliberate honeypot
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Shotgun KYC; see quoted note. It’s when someone else has your stuff and won’t give it back until you prove your identity and answer intrusive questions. Happens all the time with this sort of app. Wallet of Satoshi is a bank, and shouldn’t surprise us if it turns out to do bank-like things.