Bitcoin

759 readers

1 users here now

Do not use URL shortening services: always submit the real link.
Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
News articles that do not contain the word "Bitcoin" are usually off-topic. This sublemmy is not about general financial news.
Submissions that are mostly about some other cryptocurrency belong elsewhere. This sublemmy is exclusive to Bitcoin.
No referral links in submissions.
No Self Promotion

founded 1 year ago

MODERATORS

[email protected]

Phoenix and Wasabi exit US market amid self-custody wallet crackdown (cointelegraph.com)

submitted 6 months ago by [email protected] to c/[email protected]

10 comments fedilink hide all child comments

"Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States."

Wasabi is the main competitor to Samourai's whirpool mixing service. The only one flying under the radar currently is Joinmarket.
Phoenix is the Lightning network wallet where users keep custody of their funds, but the channel management is outsourced to the company. The only remaining self custodial lightning wallet that remains is Breez.

While this news is deeply troubling, it might push further development to more sustainable trustless self-custodial solutions in the long term.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 6 months ago

Storage space is expanding much faster than storage requirements. Bandwidth might be a bit of a bottleneck, but storage is definitely not the problem.This kind of stuff is not consumer-ready at this moment. But here's just some example of what is doable even today.

https://www.nature.com/articles/s41586-023-06980-y.

Even 1PB would store the current monero blockchain 5120 times.