If you can't exit unilaterally, it's not self-custody.
Self-custody means you can restore your funds on-chain, anytime—no permission, no middlemen.
Discussion
If it's lightning, it's not self-custody.
Self-custody means you can restore your funds on-chain, anytime—no permission, no middlemen.
Wrong. You can do that with Lightning.
Show me proof
You can't show me proof, because you can't do that with lightning
Note: by "proof" I mean convincing evidence. Obviously someone could deny the proof that Bitcoin has self-custody, but I accept that as proven because there's convincing evidence (people doing it, documenting it, explaining how)
Not true
Self custody lightning exists
Zeus for example has self custody lightning ⚡️
You hold the keys
And can recover your lightning on chain… if a channel closes on you or if you force close a channel it goes on chain to the address that you hold the key for
Aka you can recover your lightning
It goes on chain…
That doesn't sound safe and lossless
In fact it sounds guaranteed to incur losses via fees, and surely riddled with other security issues as a result of being something designed to take money by attracting careless users to insert the money
WTF
Your crazy lol
Or you completely misunderstood what I was saying?
Neither
Self custody means I can hold it and neither you or anyone else can refuse to give any of it back to me because you already don't have it and I already have it
What you describe is a situation where I don't have it, and other people do, and at the best case I might be guaranteed to keep most of it for now and not have too much taken away until repeat usage
Also, does this stop access from being delayed? Self custody also means you can't delay me from having it because again, if it's self custody, you already don't have mine, I already do
To clarify my other reply: it means it's not self-custody
I'm not going along with the self-custody bullshit and saying "oh ok it's self custody but with fees"
Bitcoin doesn't charge fees to hold, that's what makes it self custody
If Bitcoin can't handle new developments like the quantum computer without everyone moving their UTXOs and paying fees every few decades, Bitcoin won't be fully self-custody anymore either, it just counts right now because that doesn't look likely
You have a lot to learn
I’m happy to help
But it sounds like you have no idea what your talking about
I know what I'm talking about
✅🤣🤣🤣
#asknostr
Hashtag spamming faggot
I’m not gay.
And I’m not a spammer
I was trying to help educate you
Which u desperately need lol
I’m not arguing with you anymore tho
I was trying to inform you about how your wrong about a lot of things
But ok lol I’m done ✅
Almost everything you have said has Ben wrong and false… aka not true
And now your saying u know what your talking about lol
I’m happy to help you and answer any questions you have about this topic
Not trying to be a dick but you obviously have no idea what your talking about💟
Incorrect and please try to spell sorta correctly ish at least
If you own a lightning channel on Zeus for example it it 100 percent self custody.
This does not apply to like cash app or anything like that.
If you own the lightning channel it is self custody. You have the seed phrase…
I can spell stuff however I please .
You’re missing the whole entire point of his original note.
If the channel gets closed either by you or by your peer , then your sats go to the onchain address that you hold the keys for .
So like if your phone was lost or destroyed you could recover the funds with your private key 🔑
Lightning can be self custody
Depending on your set up
Are you saying this happens with no on chain transfer and it always works rapidly (like 10 minutes at worst) on command?
Because you keep saying words but they don't seem to add up
I’m saying you can go right now and open a self custody lightning channel for yourself…
Learn about it.
I’m happy to help and answer any questions you have…
Open a channel on Zeus
Write down your seed phrase
And fund your channel with sats …
That’s self custody lightning ⚡️
Then if for whatever reason the channel gets closed( either by you or you peer) those sats go on chain to the address that you have the seed phrase for
If one of your lightning channels closes the sats are sent to the on-chain address associated with your wallet.
Having your own lightning ⚡️ channels used to be difficult
Now with things like breeze or Zeus… a node is running on your phone.
You can open and close channels with ease.
I’m a cold storage maxi to be clear. I wouldn’t want large amounts necessary in lightning channels .
But it can be self custody with lightning.
My bad for trying to educate you. lol
Still seems like you're trying to imply this happens instantly with no on chain transfer, but not actually say it for some reason?
Sound as a self custody sat… I’m understanding this and making choices based on it. Self custody is agency
A lot of people end up self sabotaging in pursuit of self custody, unfortunately