1. If there is no node running, where are the sats?
2. I have used lightning myself and found self custody seems to be a myth based on pretending you individually control the internet - pretty that's basically what I just said already
3. I didn't ask how many sats you have, putting more sats in third party custody doesn't make it self-custody
*pretty sure
they are not on third party custody you unbelievable knob
they are in a channel that I have the keys to.
in this case I am also running the node, not that its necessary.
nobody can take them or spend them without stealing the keys that I am holding.
self custody.
You're not making sense
You implied no online node is needed for lightning custody
This contradicts what I know about lightning so I asked you to clarify and your response doesn't seem to clarify
You're saying nobody can take or spend them without stealing your keys, but by my understanding, that must mean those coins are not on the lightning network, because you or someone else would have explained by now in this discussion or the many others I've had about it
But by all means, feel free to finally tell me what I'm missing if it exists and you've all just been refusing to say it this whole time
lightning channels are an on-chain transaction shared between two peers. by default both usually have to be online because usually there is a policy to auto-close the channel if the other peer is offline for a substantial amount of time.
however, if two nodes decided to allow it, i'm pretty sure it can be done, just that you can't do any transactions without them both being online to share an update to the transaction that changes the balance.
So that's another way it's not self custody
it's self custody that requires two selves lol
it's got the same level of trust though. the protocol makes it so that the worst case scenario you have to pay a bitcoin transaction fee to close the channel.
in comparison, an ecash token is completely worthless if the mint goes down or refuses to pay you via lightning or onchain when you try to redeem it. an exchange wallet is exactly the same in this respect. in fact there is very little difference between an exchange wallet and an ecash token. different authentication mechanism but it's the same trust me bro.
But I don't have to pay any fees to hold Bitcoin because it's self custody
