Wallet of Satoshi is an attack on lightning, even if they themselves don't know it.
Discussion
How so? Because it's custodial?
Not entirely. It's also the high centralization. If everyone is using a custodial wallet, from someone playing around on Nostr to someone in Nigeria saving 5000 sats per day, then it becomes a closed network. Someone only has to pull the plug on WoS and all that bitcoin is gone.
Gotcha.
The only practicable alternative is everyone runs their own node though?
That's going to be more common, when it becomes easy enough to run a LN node on your phone or spool up thin nodes in the next year or two.
'The only practical alternative'... is something that worries me. Why all of a sudden is there just ONE lightning wallet in existence in the entire world in people's minds? Imagine if the whole planet used a single fiat bank. You'd get rugged.
As for now, anyone in a country with decent income levels and stable electricity grid who isn't running their own node, needs to take a good look at themselves.
I don’t disagree, for the record I am running two nodes, but we are the early adopters and definitely in the minority. Most people simply won’t do it. I guess once software like LNbits is more robust then people like us will be able to provide LN custody for friends & family.
Why ? I just installed this wallet couple a minutes ago 😅
I have a full-node in my home, but it's seems impossible to use lnbits without
send fund first in a custodial wallet and then fund lnbits
