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The Daniel 🖖 2y ago

⚠️ Urgent reminder to BlueWallet users! ⚠️

If you still have any sats on BlueWallet's CUSTODIAL Lightning node, move them out immediately! There is only one month remaining until this service will be shut down permanently on April 30th.

BlueWallet will still be usable for on-chain bitcoin and imported LNDHub wallets from other sources such as Alby, LN.tips, or your own node.

To check if you are affected, go to the settings screen. If your Lightning wallet is conected to lndhub.io, you will lose access to your funds.

If you've ever onboarded a friend or family member this way, make sure to let them know as well so they have enough time to recover their sats.

https://bluewallet.io/sunsetting-lndhub/

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Discussion

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MyneThyneSwyne 2y ago

I have the feeling people are going to loose much moneys from this even though they gave everyone the heads up.

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The Daniel 🖖 2y ago

We can only do our best to warn them. Inertia is a bitch.

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WilliamHodl 2y ago

What happen

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The Daniel 🖖 2y ago

Node ‘bout to go bye-bye.

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WilliamHodl 2y ago

What caused this decision for them?

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The Daniel 🖖 2y ago

Read the linked blog post and they explain it. They don’t want to be in the custody business anymore.

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₿i͎t͎c͎o͎i͎n͎ ✶ 2y ago

Wait.. So you're saying that 1 sat I have on there is gone forever..

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The Daniel 🖖 2y ago

That’s the fun part. You can never withdraw the last sat.

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+boldmouse096⚡️ 2y ago

I don't know how I did it, but I managed to withdraw the last sat, balance shows zero.

When I had last 9 sats in there, I created the invoice for 9 sats and it passed through.

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bitcoinjiujitsu 2y ago

What if you don’t?

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The Daniel 🖖 2y ago

Did the words above not provide enough information?

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bitcoinjiujitsu 2y ago

No no fair fair.

Guess on a more nuanced note, where to the Sats go?

Profit for Blue Wallet?

I’m a fan of Blue Wallet, teams probably cool and all but gaad damn custody is such a hazard for everyone.

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The Daniel 🖖 2y ago

Reminder to move your sats ASAP if you’re still using BlueWallet’s custodial Lightning service! Message me if you need any help.

#[0]

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Caroline 2y ago

They aren’t allowing a move to zero. Thoughts?

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The Daniel 🖖 2y ago

You will never be able to withdraw the final 1 sat because they hold a reserve.

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AdamCanFly 2y ago

I got all but 1 poor little sat out 🥲

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The Daniel 🖖 2y ago

BlueWallet thanks you for your donation.

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FloridaBitcoin 2y ago

Really lame actually. I’ve promoted and set people up there nearly exclusively over the last two years.

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FloridaBitcoin 2y ago

For a non custodial phone wallet*^

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AdamCanFly 2y ago

Should I raise a stink?

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The Daniel 🖖 2y ago

I asked in their Telegram about what happens to unclaimed accounts and I was basically ignored and then flooded with scammers, so good luck to ya.

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AdamCanFly 2y ago

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The Daniel 🖖 2y ago

🤣

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Steven Day 2y ago

Haha same…

I never liked the way BlueWallet handled lighting and how it was one way only (I.e. a pain in the ass to bring sats back on-chain)

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⚡₿only 2y ago

Can you share instruction on how to close and empty out a channel lndhub.io channel ?

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The Daniel 🖖 2y ago

You have to keep a small reserve amount of I believe 1%. If you have a lot of sats there that means you’ll get an error trying to move them all at once. So I suggest sending them in batches. Try sending out 90% and then another 90% and repeat until you only have 1 sat left in the wallet. You will never be able to withdraw that one, but that won’t stop #[3] from trying!