Savings = On-Chain
Checking = Custodial lightning
Discussion
Nice. Is there a point at which checking becomes too big and you shift to savings? Asking because your setup is basically what I do too, and I’m trying to determine when to offload checking to savings.
I use the same thought process and for me, its a couple grand in lighting. Having more than that in a hot wallet scares me.
The two wallets are totally isolated in my case, no contact between each. If anything touches lightning i assume its compromised or attached to my identity
So how do you offload sats to your btc wallet? One-time transactions to unique addresses? These are the sorts of details that I think would really help folks to understand.
That is certainly an interesting conversation my friend, unfortunately I do not have the skills in order to feel comfortable recommending. It is certainly possible to use lightning channels that are not tied to any sort of personal identity, but the safety of that would greatly depend on technical skills.
So you choose ZERO privacy?
Real life comes with trade offs. Circular economies are inherently non-private as you must exchange physical goods. It is beat to assume that everything touching lightning could be tied, taxed or rug-pulled
Yes there are trade-offs, but what you tell me is just convenience, bro.
I will stop using "Bitcoin maxi" from now on and call people like you "convenience bros".
Life has to be convenient enough to be worth living in my opinion my friend. It all comes down to your threat model. If it is so severe, then, first i hope you are fine, second you can count on me. For normal people (not messing up with state power but with taxes) the tradeoff is between convenience and freedom. And that is an open question.