While i like the idea of almost free and instantaneous micropayments with #Bitcoin #LightningNetwork, I also want to stress the point that we lose control of the keys of our wallets using the #LightningNetwork
A solution has to be found for this. Is there any one out there working on this?
LND nodes plus Breez and Phoenix wallets already allow you to hold your lightning keys.
But I do agree that we need more.
I will have a look at those for sure
Maybe only use lightning for small amounts and exotic things like streaming payments.
Then use the mainnet for larger payments. The fees should be dirt cheap on both. All of that non #Bitcoin crap like #ordinals #nfts #BRC20 etc has to go.
#Taproot was supposed to decrease costs and fees. Not be a #backdoor for #fraud and #larceny..😠
They will go the exact moment the cost of writing on the blockchain will surpass the revenue from such activity. We just have to wait
No, we don't have to #wait. What are you. The Cub scouts den mother. We can hit them with a massive #ClassAction #lawsuit today. The #wolves are already #salivating.
Plus the #vulnerability in the code has to be #patched and #closed ASAP. It's a #backdoor to #fraud and #larceny. The longer they delay, the greater their liability and punishment..😠
What you say is true, but for most of the smartphone applications wallet (some exception for Breez and Phoenix). If you run your own #LightningNetwork node, you will be in control of all your keys.
Of course, not everyone want or have the knowledge for run a full node (project like #Umbrel are born for make it easier)
The truth is, we are still early for a consumer grade lightning wallet, but we are in the right path.
#WalletOfSatosh and #Alby, albeit custodial wallet, helped the grow of the network. What will matter in the future is have te choice from custodial and non-custodial wallet
So , there are phone apps which i can download, have a lightning network wallet with my own keys?
Phoenix wallet is the only which i know that keep your private key
Basically i will have a lighting node in my smartphone?
Phoenix is a lightning node, however is restricted by the developers to connect only with the ACINQ node.
Its the most free lightning wallet for smartphone right now, but some of the services its offer are not "trustless" yet ( for receive new channels towards you, you must trust the developers for example)
Maybe the solution is actually building your own lighting network node
start9 vs umbrel ?
Its a solution, with some drawbacks: your wallet will be less portable.
About Start9 and Umbrel, i don't have enough information for give a valuable opinion. I will suggest to use the one who provide more documentation and troubleshooting knowledge
