HODL stack - hardware wallet
SPEDN stack - Phoenix, OBW
ZAP change - WoS, Alby,... pick your custodial hell.
Custodial is for tiny amounts or only to receive. NOT STORAGE
Yes, you will have small amount at risk, but its insignificant.
Discussion
Agree mostly.
Custodial is still the wrong way to do Bitcoin. Fundamentally.
It is, but standing at the bitcoin beer drafts with tor issues was too cumbersome over the past years 😉. Therefore used muun, WoS and blue with lightning a lot. 2022 I reached many thousands of micropayments, which proved how well it’s working for velocity of money. When my own Lightning node failed to deliver solid payments even in October last year with >50% of the payments failing at bitcoin Amsterdam. And lately also with failed payments with Nostr. I would like to stay operating via tor. Does anyone see a solution for private payments with lightning that are not slow within self custody. Using tor and not using clearnet?
Woah. This is my point. LN is too complex on the front end to be useful AND adhere to the core principles of cypherpunk cryptography.
We give up custody for ease of use and HOPE and TRUST the sats don't get rugged.
😶
Ugh.
Im sure its not the only example of trusting someone with your money you practice :)
Especially small amounts 😂 but I still would love to see better solutions for the sovereigns though 😊 so much already happening, it’ll come.
Grashams law. Cheap money moves faster. And sats on WoS or Alby or any other custodial hole are fiat.
I use alby to receive onto LN address and on my deskto but zap with OBW or Phoenix.
Its pure lazyness to do 2 clicks intead of scanning qr with phone.
I do believe with breez and phoenix we’re on the right track though. It’s just great to see how much is still being developed. With broad bolt 12 implementation a lot might change toward proper self custody solutions. And looking forward to a swift tor in the future. This would take most of the issues away.
I think the Breez SDK will bring with it a big swing towards non-custodial. It’s really simple to integrate it as a developer. Gives the user a non-custodial virtual node on Greenlight, Inbound liquidity with LSP services and ability to share node access to multiple apps on the same device.
…and you will get bolt12 too as Blockstream Greenlight runs on CLN.
Is it already part of the SDK?!