I would never use custodial, you're asking for trouble. There are solutions like nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpzfmhxue69uhk7enxvd5xz6tw9ec82cspp4mhxue69uhkummn9ekx7mqpzpmhxue69uhkummnw3ezumrpdejqd2970s. You can turn your phone into a node with that. Yes channels can force close but its never happened to me. If you're going down a custodial route, you're better off using liquid, which is a self custodial mini block chain. Or #Boltz. Which you can use to send on chain to lightning and vice versa
But you said that we can use layer 3 and 4 solutions. Those are going to be custodial though đ
Zeus is cool but my understanding is that you canât receive zaps without having the app open. And your nostr wallet is with fountain. Isnât that custodial?
With nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 you can still receive zaps without the app being open, you just have to open the app and âredeemâ them within 24hrs. If you use their new cashu implementation (custodial I know) you donât even have to do that.
So would zaps be converted to cashu in that case?
Yes.
Sounds cool but if the record is on nostr, which means it isnât private, and cashu is custodial, what is the benefit over using wallet of satoshi?
Not sure there is with the cashu, just testing out the alpha build right now. I will probably switch back to their zaplocker address eventually. Not to bad for a non-custodial solution to open the app every 24 hours to redeem as long as you have notifications on. I have to admit that I have missed some zaps in the past because I didnât have notifications on. Like yesterday when I made a comment on that damn Sydney Sweeney thread and I had to turn of my nostr client notifications.
ECash is non kyc
Wallet of satoshi is kyc
So the benefit of using e cash is you gain privacy âŚ
You can be anon on Nostr if you want to âŚ
Nobody has to know who you are
Or not, if you don't set that up. nostr:nprofile1qqsytuv4el7t3jtjfm7zfrc9q730ked40806he7dx5uctxqk8j4hvfcpz3mhxue69uhhyetvv9ujuat50phjummwv5q3vamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet5qy2hwumn8ghj76rfwd6zumn0wd68ytnvv9hxgt5dcxr you need to do some research, my friend
Iâve done plenty of research, I just donât understand your position. Youâre saying that you wonât ever use custodial solutions but youâre currently using fountain. Even if you switch to self custody lightning, you claimed that layer 3 and 4 Bitcoin solutions will scale Bitcoin lightning. I agree they can, but these are custodial. They come with rug risk. So are you against custodial bitcoin or not?
I do use fountain because I use the pod caster to reward whom I listen to. I do not use it for anything else. As soon as it enables me to use my own node, then I shall.
I said that Lightning is level 2 and cheap enough for now. If things become too expensive, I said a layer 3 would be implemented. Not necessarily lightning.
I feel your concerns are rooted in a rigid belief that everything as it is now but dearer. That simply won't be the case. If everything stays the same, everything IS the same. If things change, everything will move. As there is still a level 1 (on chain) with Lightning (level 2), there will be another level, something different, with on chain and lightning still existing.
Maybe I am not good at explaining but if you truly believe there is an unsolvable scaling issue, stick with fiat
I donât believe everything as it is today will stay that way. We donât know the future. But as things are today, we canât scale Bitcoin to 8 billion people without custodial solutions. Something like liquid offers a decent trade off. Itâs custodial but there are reputable people who would have to collectively collude to rug you. The risk is lowered with that type of setup. Fedi is similar. I think if Bitcoin was adopted by everyone today, these would be the best solutions possible.
Do you understand that going into a layer 3 or 4 like liquid, cashu, or fedi is custodial?
I give up. How many people use or even own Bitcoin? Not 8 billion. So, yes, at the moment it wouldn't scale (if 8 billion people were using it). It does scale at the moment and you don't need a custodial wallet. I use Bitcoin, mostly on chain but also lightning. It works now. Your fears are in the future. As you say we cannot see the future. So, if things get too expensive, something else will come along. If you can't get past this, God bless and goodnight
Weâve strayed off from what the original argument was about. I said that I can see a scenario where Bitcoin and fiat coexist. That doesnât mean itâs what I want or that I am predicting this. I also said that we donât have solutions to scale it to 8 billion people right now. Custodial solutions with different tradeoffs seem to be the best solution weâve come up with. Sure I donât know the future but, mathematically speaking, self custody is not affordable for everyone on earth. Your response is that Bitcoin works and that people just need to use it. Thatâs not a helpful response. Then you suggested that layer 3 and 4 solutions solve this but these are custodial options which you are against. I think custodial solutions like cashu offer reasonable tradeoffs. So your argument doesnât make sense which is why I asked if you understood that layer 3 and 4 solutions are custodial. Since you ignored that question, I will assume you did not know that. I would love to be proven wrong. I would love to believe that 8 billion people can all afford to open their own lightning channels while somehow keeping the base chain fees affordable.
nostr:note1gkam4tsqhyma57kwesadw2h2ca5dxauj6zvk7768rmca278m7swqwj6x5s
My zaps go to fountain because I use fountain. Even that is changing soon, Fountain is going to be linked to your own node, should you wish.
