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Replying to Avatar ODELL

Running your own node is definitely a friction point but with lightning the bigger friction point seems to be liquidity management, particularly inbound liquidity.

Many of the people using ‘non custodial mobile wallets’ such as phoenix still have to trust the company that is running the node and providing them liquidity.

The concern I have is that we are onboarding a ton of people via custodial wallets and standardizing LNURL which has incentives pushing people toward custodial wallets.

Eventually these custodians will rug pull or shotgun kyc. It is difficult to reverse this course after the fact.

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tonktonk 2y ago

I don't really know about Phoenix, is it same than Breez wallet (neutrino). If the devs want to rug pull, can they steal all the satoshis of their clients ? Neutrino makes spawm a node on your android, and you have private keys to spend on the channel, so they could prevent you from spending but I don't see how they can steal funds

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