There are people out there thinking The Lightning Network isn't custodial
#Bitcoin
Discussion
There are people out there that think the internet isnt custodial
The internet, as it exists today, is largely custodial due to the dominance of centralized services and the role of intermediaries in managing data and access. However, the growth of decentralized technologies and self-hosted solutions is paving the way for a more non-custodial future. The balance between custodial and non-custodial aspects will likely continue to evolve as technology advances and user preferences shift.
My node is hosted on home hardware but publicly exposed through a web server on a VPS. So it looks like it’s in the cloud but it is not.
Noted, minus 1 node
My point is just that things aren’t always what they seem.
When that vps is down, what happens to your node?
I have a script that can set up another instance on Debian in around 10 minutes. I can set up another region or another provider or even at home should I need very quickly.
I do this for a couple reasons but the ability to move jurisdictions quickly is prime.
I have no clearnet exposure for my node, all solutions I have explored so far are custodial bottlenecks. Why are you gping through a vps instead of tailscale & cloudflare tunnel the connection? Custodial potatoe, potato
I don’t trust Cloudflare generally so I don’t allow them in my network. I don’t worry about censorship because I have a workaround if my provider does that. I am worried about having funds rugged. So my “custodial” risk as you call it, I feel anyway, is pretty mitigated.
Fair enough. How would that rugging scenario play out? How would a fully vps hosted node expose you to rug risks?
I do the same (and I suspect a good number do as well). The VPS simply acts as a reverse proxy.
What happens when it's down? Well.. nothing really. My node (like most nodes) also advertises an onion address. When I have the time, I'll simply switch the clearnet address.
Any other (bad faith) questions? :)