I don't recall how much setup Phoenix requires on installation, but that's one non-custodial Lightning solution. There's a fee to receive on a new channel; that's the only drawback I can think of.
Discussion
I wish Phoenix would have the option to install it without the closed source code that routes messages through Google.
People have been asking for this for literally years now so it can go into F-Droid. People have even offered help with the submission process. https://github.com/ACINQ/phoenix/issues/152
And, yes, I know there might not be any sensotive information that goes through Google, but many people (myself included) do not want to rely on Google. For anything. Full stop.
#Zeus has the same problem: it's not good enough to get into F-Droid.
Whoever levels up their game to get into the stock #FDroid repos first is going to get a significant boost in users and popularity.
Oh wow had no idea about this.
Thats a really good point.
At the top of my head I'm thinking the masses of people use google already, and as a matter of just getting them on boarded phoenix can provide a reliable, convenient and simple way to self-custody SATs and access the LN as well as layer1 txs.
Maybe some other wallets like Breez would be better overall if more private and secure (degoogled). I'm not sure about the wallet details
I guess I should stop this low time commitment thing and try installing a dozen different wallets on a test phone and make a chart showing which ones are, closed source, mostly open source, 100% open source, available in the default F-Droid repos, available in a 3rd party repo, non-custodial, available on iOS, and so forth.
That way when I see someone suggest some wallet, I can look at my chart and remind myself why I like/dislike it.
nostr:npub1lxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqpm5xlc has a lot of knowledge on wallets too, but not sure if I ever saw details about how open/closed source such wallets are. That idea would be an definitive advancement in pursuing the enigmatic "best wallet".
But we have so much on our plates don't we... Lol
I love this lifetime journey
We are miles along and crushing our opponents (banksters)
Yup. The only other very minor drawback is the relatively "high" spend fee of 0.4%. But the convenience and BTC address splice-in feature is incredible, so you can spend and receive through on-chain as well as LN.
Its the way but only worth for some decently substantial amounts, as a channel transaction on chain must be paid as you said. For toe-dippers (minimal sats), just run them on custodial like Coinos, Strike/FoldApp and ecash (which I'm still learning)
Phoenix setup is basically just writing down the seed phrase and providing an adequate channel- creation transaction