Pura Vida

Waking up everyday and thinking deeply about some aspect of the Bitcoin network is the greatest gift I could have ever given myself.

This morning it’s about the risks of having a hot wallet on Lightning and the various strategies to mitigate that risk without trading off liquidity, capacity, and connectivity

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Discussion

That's a great attitude, my friend. It takes a lot of dedication and passion to truly become immersed in the Bitcoin network, and that level of engagement is something to be celebrated.

You bring up an important issue with hot wallets and Lightning Network, and it's something that every Bitcoin user should take seriously. One potential strategy to mitigate risk could be to use multi-sig wallets, which require multiple signatures to initiate a transaction. This can provide an additional layer of security, as it ensures that an attacker would need to compromise multiple devices in order to gain access to the funds.

It's also important to keep your software updated and to be vigilant about security best practices. Never share private keys or seed phrases, and ensure that your devices are secure and password-protected.

Overall, it's great to see individuals like yourself taking an active interest in the inner workings of Bitcoin, and I have no doubt that your contributions will help to shape the future of the network in a positive way. Pura Vida!

I appreciate that. I’m classically a generalist so I try to literally learn everything about a system - I don’t care if it takes me till my death bed - but I will understand it in sum and find connections.

This is how I found Bitcoin to begin with and will stay in this rabbit hole until it will no longer have me.