Bitcoin in cold storage is like a savings account
Bitcoin in a lightning wallet is like a checking account
Setting up and using these features is much easier than using a bank. You don’t even have to leave your house, and nobody can stop you
Then we have Bitcoin itself, the greatest money ever discovered. Even if technological innovations didn’t make Bitcoin easier to use, it would still be the greatest money in the universe
I only understand the basics of lightning. Do you still need to have direct buyer to seller channels to retain custody?
Basically what I mean is, do we "need" custodial channels to facilitate spur of the moment purchases with vendors we dont have channels between each other?
I’m also not an expert of lightning, but I don’t mind keeping some spending sats on a custodial wallet. If you need to add more sats, it only takes a few minutes.
Maybe lightning as a checking account isn’t the best analogy
What I like to do is keep a majority of sats in cold storage as a savings account. Put some sats on a non-custodial hot wallet, and then refill my custodial lightning wallet from my hot wallet whenever I need to
So the hot wallet is my checking account, and the lightning is more like cash in my pocket
Sounds like the smart plan. I like the checking account comparison. It works.
I agree for BTC.
But to have full Lightning experience, it is not that easy for a newbie.
It didn't reach that level till now.
Bitcoin's pretty fucking sweet.
🔥🤙
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