I’m done with self custody wallets. Man the amount of sats I have lost by force closed channels is not worth it.
Can you guys recommend best custodial lightning which can work with Zeus?
Discussion
Zeus has the option of running an embedded node on your phone. Been using that for a few months and I've had no issues.
Thanks dude. I will try that. Just wanted to ask one more thing.
Is there any limit on how many sats I can hold in that wallet?
No limit, just need the incoming channel capacity. Plus we offer up Lightning addresses so you can receive zaps.
Next release will also offer up Cashu and swaps support.
Can I receive Zaps to my Zeus Lightning address even if I have zero incoming channel capacity?
Welcome home friend. Coinos.io
Even if they rugged my small zapping wallet today, I would’ve still saved sats overall 😂
So true.
There aren’t enough sats in existence for everyone in the world to run their own lightning wallet. Sats will be managed by custodial solutions and that’s okay. As long as people are able to keep their large stack in self custody.
Sometimes I regret I should have just used Coinbase or binance to store my for my small DCA stack.
Do you have a bunch of small utxos? Lol
Nah dude 😂. I tend to dca small amount into my self custodial lighting wallet and when it reached a sizable amount, I used atomic swap to convert it into on chain.
But my channels kept getting forced closed so many fuckin times and I lost way too many sats in that process. lol
There'll definitely always be a cost for self-custody and trustless management of sats.
But that's just life 😂
Nothing is free
Yea for sure. I think bitcoin is interesting because the custody needs are the inverse of gold. During the gold standard, custody of large amounts of gold was expensive and difficult. The solution was to hold it in a bank. A bank run is devastating because that’s your life savings. With bitcoin, custody of large amounts is cheap but expensive for small payments. So holding small amounts with a custodian (bank) is preferable and keeping your life savings with you is easy. Getting your custodial wallet rugged won’t ruin your life because you still have your large stash. The custodial wallet rugs (bank runs) will be less catastrophic as a result. A bank run during the gold standard can ruin your life and that’s why governments tried to prevent it from happening. It’s actually quite beautiful how the change in storage allows everything to work smoother.
The kind of stuff that open source developers are building is incredible. That alone makes me super optimistic.
For example, check out this tool that audits ecash mints through continuous LN payments:
Things I thought just a year ago would be big problems are being solved slowly.
LN also gives me underdog vibes. Like that team you know has the potential to win it at all but isn't rated because of their past.
This is very cool and illustrates how powerful it is to use software for money. A lot of the smart and vigilant people will be able to avoid rugs from these custodial solutions.
Yeah man
Slightly going off topic, I think Software is a massive wildcard in human history.
Nothing about the future feels inevitable to me. Kinda feel like we all have more agency than any generation that preceded us.
Phoenix, Breez
Just use nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpzfmhxue69uhk7enxvd5xz6tw9ec82cspp4mhxue69uhkummn9ekx7mqpzpmhxue69uhkummnw3ezumrpdejqd2970s wallet and open a channel to their LSP and with Blixt. Don't push all sats to their side and theh won't force close.