so it comes to a question of why we use lightning?
yes because unlike wbtc, it is non custodian.
so why are we promoting custodian lightning wallet heavily then??
Discussion
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its in the same reason i dont really understand why people are so allergic with the term smart contracts then happily using centralized exchanges to keep coins
You should try the nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 beta. Full self-custody Lightning. And I hear Lightning addresses are in the works.
I was actually really interested in trying this. But seems its not on android
Yes, it’s iOS for now but there will definitely be an Android version.
Phoenix Wallet is also a good choice.
Bitcoin has been an excellent store of value so far*
Any extrapolation into the future is speculation.
Some interesting download stats for your point:
Custodial (no privacy):
Chivo >1Million
Wallet of Satoshi >500K
Strike >500K
Bitcoin Beach Wallet >100K
Non custodial (without node, not trustless, no privacy):
Phoenix >50K
Breez >10K
Non custodial (with node, potential privacy):
Zeus >5K
interesting point, although saying no privacy there is a slight misnomer considering they have tor
for breez and phoenix*
and you missed out muun too
You have no privacy from the a third party (phoenix) when sending a transaction to someone.
https://phoenix.acinq.co/faq#how-private-are-my-payments-on-phoenix
https://phoenix.acinq.co/privacy
Muun is not a true lightning wallet. But you can throw it in if you like. Won't make much difference to the ratio of custodial vs noncustodial.
Thanks for the insight!
You know what , it would be really cool if bitcoin could hitchike on the monero network.
Secret network has this feature before (privacy smart contracts) but their sgx was flawed