Custodial solutions sunsetting is good for bitcoin!
Discussion
Yeah but I have no idea what to do from here
Time to figure out how to run a node or open channels with the none custodial wallets 😁
I've been looking into that for a while. I always hit a wall with the price of the hardware. I should be done fixing the house in the next few years so I will probably revisit it then
You don’t need hardware wallet for zaps!
i thought for a self custody lnurl node and channel i needed a hard drive that was online 24/7.
LOL as you might have guessed by now i have no effin idea what im doing or where to start 😂 😂 😂
Yes Indeedy - lets outline the cases where you start as a lightning n00b and need a nice path to becoming fully self sovereign:
# Starting point - Custodial Wallet - once you are ready to wean yourself off of this you can go to step #1 below:
Self Sovereign Step #1 - Wallet in the Cloud - AlbyHub - it is free. I've been using it for a while in beta. Its not perfectly sovereign but its a good stepping stone to go from custodial to learning channel management to running your own self sovereign node. It is by far the least steep learning hill to transition away from custodial.
Self Sovereign Step #2 - more 3L33T
if you want to run a super light lightning node, set it and forget with some tech skills required - there is this option here with LNBits + phoenixd but you'll still have to put up your own capital in bitcoin and spend about $5/mo on VPS, you need 24/7 uptime, this isn't gonna work with unstable internet. https://github.com/bitkarrot/lnbits-phoenixd/
Another option is to use Voltage but the price can be a bit steeper for serious usage as it jumps quickly from free to $25/month tier. the plus is you don't have to manage all the upgrades but you still need to have tech knowledge to run it
Self Sovereign Step #3 - Super 3L33T
Run your full self sovereign lightning node, e.g. CLN, LND, Eclair on your own hardware, using your own self sovereign internet satlink or whatever plus your own bitcoin capital and self manage it. This is a tall order for most 99% of plebs unless you're a tech junky, and even as a dev its time consuming and steep hill learn, less so to run after you have learned. pricing and setup may vary.