I hear this sentiment a lot but you are a maker and probably an influencer and net-receiver of zaps. Most plebs will never have their own nodes and those will get hurt if WoS "gets hacked".
I worked for a self-custodial mobile wallet and we had users with more then $100k in our product and my estimate always was that the average was $100. For WoS it might be closer to $10 but with more than 100k installs on Android alone that's still at least a million USD.
For me it's not only about personal loss and blaming the other guy who held all his sats in WoS. For me it's about us collectively creating these incentives for crooks to provide these honey pots that plebs fall into.
If your business plan is to take off with all the users' funds, you have much more resources to create a great product than if your plan is to provide an honest and forever free product.
Psychopaths exist and I've seen plenty in Bitcoin, too.
Leo Wandersleb
npub1gm…78rf6
2023-04-05 16:01:14
in reply to nevent1q…28ry
Author Public Key
npub1gm7tuvr9atc6u7q3gevjfeyfyvmrlul4y67k7u7hcxztz67ceexs078rf6Published at
2023-04-05 16:01:14Event JSON
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"content": "I hear this sentiment a lot but you are a maker and probably an influencer and net-receiver of zaps. Most plebs will never have their own nodes and those will get hurt if WoS \"gets hacked\".\n\nI worked for a self-custodial mobile wallet and we had users with more then $100k in our product and my estimate always was that the average was $100. For WoS it might be closer to $10 but with more than 100k installs on Android alone that's still at least a million USD.\n\nFor me it's not only about personal loss and blaming the other guy who held all his sats in WoS. For me it's about us collectively creating these incentives for crooks to provide these honey pots that plebs fall into.\n\nIf your business plan is to take off with all the users' funds, you have much more resources to create a great product than if your plan is to provide an honest and forever free product.\n\nPsychopaths exist and I've seen plenty in Bitcoin, too.",
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