Nostr Web Client

Using Zeus already for Sats.mobi.

Well, installin a non-custodial solution to protect 25 USD in funds (atm) seemed to me a bit exaggerated, since u also need the hardware. Additionally to always having the risk of a faliure on your own node.

Bur technically you are absolutely right.

Big Barry Bitcoin 1y ago

Zeus can provide a hot wallet too, this is a self custodial solution that doesn't require the hardware part. There are fees however which may still make it uneconomical for $25USD compared to a custodial wallet.

But as I qualified, I was talking about money you can't afford to lose. This whole thing hinges on where that line is for you.

If you COULD afford to lose the money in LNBits legend and you understood the risks, then there was nothing to learn.

But you said "lesson learned", so I'm curious what that lesson was. If it is as I suspect, that LNBits is not trustworthy, then I submit that you did not learn the correct lesson because demo server or not, they had/have the exact same assurances as any custodial wallet provider.

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Discussion

x92vbb 1y ago

I guess my lessons are to be more careful with custodial and hot wallets, to read more carefully about "free" services and that Lightning is unfortunately more a like expecting-to-lose-play-money if you are not a professional node runner. I ve been rightly punished for my ignorance and stupidity. 😅😅

Big Barry Bitcoin 1y ago

Maybe Lightning is an expecting-to-lose-play-money for you now, but there is a halfway-house before you need to start running a node; if you decide to take the next step, explore the non-custodial lightning wallets like the ones I mentioned before I think.

I just don't want you or anyone to walk away with the wrong idea about Lightning or wallet providers, cistodial or non-custodial. Custodial wallets have their place, but they are a risk.

I will also admit that I was being unfair about all all custodial wallets being as unreliable as one another, the legend demo server of LN Bits was more dangerous as they had warnings up, whereas a wallet that is well known and is running as a business is bound to be a little more reliable. But I stand by what I said also: do not keep more funds than you can afford to lose in an instant in a custodial wallet.