A great tool that is underestimated.
Discussion
This hurts to admit, but custodial lightning is sufficient, probably even safer for using the lightning network for most use cases. If this tool improves the privacy, that's even better.
Of course, larger amounts of sats should be swept into things like the Bull Bitcoin wallet. Say, 100k sats to liquid. After million sats threshold is meant on liquid, it should be moved on chain.
That's the way I'm beginning to think about it anyway. The numbers change if bitcoin does another 10x. What do you think?
They are just another tool, and when used properly, they can offer you privacy, as I mentioned with lnproxy.
The problem is that the government is increasingly restricting the use of Bitcoin to KYC, so any company offering Bitcoin products has to be KYC compliant.
That's not what we want.
I know. It's a problem. That's why I think the circular economy is so important, but we in such a small minority compared to the shitcoin industrial complex.
This is actually really cool.
Thanks for sharing.
right now I'm thinking about whether to run a bitcoin node or use the space for a blossom server so at the moment I won't be able to have both.