Are there any issues with using Wallet of Satoshi as a zap wallet?
Somehow I lost all my lightning channels (and sats) on my Umbrel. This includes Alby hub.
Simple they say. Well I can break anything.
#asknostr
Discussion
I use WoS to zap. it doesn't like when I run a vpn but works in the US.
I've been bashing #alby for their "hub" thing, they took a nice wallet and made it complicated, and unreliable
Lightning channels are best established with people you actually know IMO. I've heard enough stories about LSPs closing channels without telling customers. Just a sats grab. Hook in with a meetup group and open channels with each other and some channels with larger LN nodes. Circular economies.
Thanks. I am still trying to sort it it
Well...WoS is custodial, so "not your keys - not your coins".
I learned it the hard way from another custodal wallet I had my coins on and got rugpulled a few months ago.
So custodial for very small amounts only.
They also almost all require a KYC-like user identification.
Using them anonymously is usually not possible.
(Or maybe somebody has a solution for that? #asknostr )
Own nodes on the other hand can be tricky too, and the costs and stress are underestimated by most people:
- on chain fees for channel opening and closing,
- buying inbound liquidity,
- making backups of your channels,
- potential force closing by whom you had the channel opened with
I myself have not found the perfect solution yet...