Damus
DeleteMe❌ · 163w
Celebration time again 😜 very true though! 👍 Run your own Node, folks!
ODELL profile picture
Running your own node is definitely a friction point but with lightning the bigger friction point seems to be liquidity management, particularly inbound liquidity.

Many of the people using ‘non custodial mobile wallets’ such as phoenix still have to trust the company that is running the node and providing them liquidity.

The concern I have is that we are onboarding a ton of people via custodial wallets and standardizing LNURL which has incentives pushing people toward custodial wallets.

Eventually these custodians will rug pull or shotgun kyc. It is difficult to reverse this course after the fact.
113❤️13🤙17
signal_and_rage · 163w
does having multiple custodial wallets mitigate this risk?
BTC Hodl · 163w
What’s the best solution to manage liquidity? Any interesting projects to support there?
Ian "nostr.naut.social" D · 163w
Most people just want low cost frictionless money, and if they are being onboarded by buying $30 of BTC experimental spending money with their Debit Card via the getalby top up, they really don't even have to care about deeper issues. Don't make perfection be the enemy of the good enough.
mike · 163w
I agree
Rijndael · 163w
💯 LNURL pushes people towards hosted/custodial wallets. It’s better than the alternative. I just wish bolt12 was more widely adopted. I dont hold lnurl against anyone. Its a tool that exists today and works. But the reliance on a clearnet webserver comes with tradeoffs.
brian · 163w
Leaving KYC issue aside, since *all* my coins are KYC 😉 , am I right in interpreting a hot custodial wallet greatest risk is simply losing the coins in it? So a balance risk management problem.
tonktonk · 163w
I don't really know about Phoenix, is it same than Breez wallet (neutrino). If the devs want to rug pull, can they steal all the satoshis of their clients ? Neutrino makes spawm a node on your android, and you have private keys to spend on the channel, so they could prevent you from spending but I d...
nostrich · 163w
If fees are zero and transactions are instant, what prevents users from jumping ship? Is it just a race at that point?
Harry · 163w
Sadly I think that most people will use lightning integration on their already kyc payment app when it is integrated. Most people won't care until something bad happen
Bitcoin Mechanic · 163w
CLBOSS fixes this.
nostrich · 163w
Is there a way to like this tweet?