Replying to Avatar Bigcricket

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?
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BTCapsule 🏴 2y ago

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

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Bigcricket 2y ago

Sounds like the smart plan. I like the checking account comparison. It works.