WoS is no KYC — it's custodial.
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I feel like everyone is missing my point here lol
Ok so a lot of people use lighting wallets that require them to dox their identity
For example primal wallet , cash app, strike,etc
That’s not private because your identity is tied to the sats
With ecash it’s a better option than a lot of those lightning wallets that require you to doxx your identity
It’s private
So for like a hot wallet / spending wallet
You gain privacy using ecash,
That being said it’s not self custody
Your trusting the mint
They could rug you….
So it’s like having 50 bucks in your wallet
If you loose your wallet it’s not the end of the world
Its a better custodian
Self custody lightning is the way.
But if your trusting a 3rd party anyways - ecash offers more privacy