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Replying to Avatar Alex Gleason

As I'm learning about Bitcoin Lightning, I'm seeing some major red flags. To use it, you need an account with a service provider. It's a username/password type of custodial account. Then, the node has full control over your funds. They could shut down without warning, or transfer your funds. The only way to actually have control is to run your own node, but doesn't that defeat the purpose of Lightning? The whole point is to allow many users to transfer tiny amounts of money a lot, eg zaps. To me, it seems that Lightning nodes have all the problems of Mastodon. Imagine the problems of Mastodon, except it's your bank account. That's bad. What am I missing?

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Dan 1y ago

Honest question: did mastodon ever achieve local non-custodial (or the equivalent) instances embedded in a mobile web app? Cause tons of people are running full lightning nodes on their phones this way

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