Replying to Avatar π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯)

Yes but you self custody in a hot wallet?
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utxo the webmaster πŸ§‘β€πŸ’» 2y ago

Yes. I have several lightning nodes. I have the keys to all of them. They are hot and always online.

In your view this isn't self custody?

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

If the bitcoin is locked in a multi sign channel, it is safe. I don’t keep a lot of bitcoin in lightning wallet even for payment. To me there is no difference between a custodial and a non custodial lightning wallet. They are both vulnerable to hacks.

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utxo the webmaster πŸ§‘β€πŸ’» 2y ago

There is a tremendous difference between the two. Most people lose coins because their custodian rugs, not because of hacks.

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

Exchanges get hacked a lot and lot of people get sim swapped also. Either way Binance enabling lightning withdrawal doesn’t mean you should keep you bitcoin in a non custodial lightning wallet.