Nostr Web Client

Do you think people should roll their own "lightning service" or is it enough to just hold their own keys but use some LSP? Because I see a growing trend of non-custodial lightning wallets with a LSP built-in and I'm not sure what to think about it. It's a reasonably good hybrid model, I guess? For people who absolutely cannot run their own node.

geodesic 2y ago

Afaict, the LSP for those wallets still holds the lightning keys, even if the on-chain coins are still non custodial. So the lightning funds are still custodial. I'm not sure which wallet you're talking about though. I'd love to be proven wrong.

Yeah, in a perfect world everyone would run their own node with their own keys, but I don't think that world will ever exist. Most people can't even manage a WiFi router. And... I honestly love Lightning. I'm not a hater. Just skeptical.

Perhaps I'm naive, but I'd still like to see some scaling solutions come to Bitcoin protocol. To become money, Bitcoin needs to scale, but every way I look at lightning, I see a new banking system. And I hate banks.

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Discussion

<old>cypherhoodlum 2y ago

I'm referring to the Breez SDK. I've got the impression that the gist of it is to offer easy-to-setup LSP to wallet creators and the keys can actually be held by the users. Guy Swann did a read on it not long ago on Bitcoin Audible. My knowledge is limited to that pod on the topic but it seemed like a solution to this problem.

geodesic 2y ago

Oh really? Thats encouraging! Time to go educate myself a bit on how Breez does this. Thanks for sharing.

I love open source:

https://github.com/breez/breezmobile