I'm really liking Mutiny and Zeus.

No

So, if you send 100 sats through wallet of Takeshi.

They would have to get through a number of obstacles and arrive at the castle to do battle with lord Takeshi before going through?

Feeling a bit peckish, and noticed I haven't clean my cast iron from last night's steak.

So I decided to mop up all of the yummy deglaze with some eggs and cheese.

Are they in the US?

Was going to write about this next, Thanks!

nostr:nevent1qqsvwjx49yq7cwvt58yp7xehh4anxl974njkn4207q7ufsxfr04ds4spz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzquhj9h4s3ktk0sjs4243j70tk3h2agyvsmv6cnzeu3m0dp29l2q6qvzqqqqqqyrg2clp

Zeus

ตัองทำยังไงบ้างครับ

Minimum เท่าไหร่

Phoenix is pretty simple. Just be aware if the initial set up fee and channel management fee (14k at the moment)

A bit of a formatting error there, need to up my markdown game.

Summarizing my thoughts on the Wallet of Satoshi incident today.

Wallet of Satoshi has been removed from App Store and Play Store in *some* regions, ie. in the US.

## Why shouldn't we be concerned?

Removal of app from appstore doesn't mean your funds are gone, WoS uses an account system so you can still log in to your account somewhere else, Android users also need not worry about auto updates deleting app, and can always install the app through other stores or even sideload using apk.

## Why should we be concerned?

What causes people to worry is not the inability to use the app, but what will happen to custodial lightning wallet providers like WoS.

Wallet of Satoshi is one of the largest Lightning service provider, a position only ousted by Alby in recent months, so it's (they're) an easy target(s).

Custodial Lightning wallets are easy to use, has many useful features like the ability to have a lighting address using lnurl and dns, but they are custodial. Unlicensed custodial services are illegal in many jurisdiction, and with recent legal actions against Binance, it feels like the walls are coming up around us and it's possible that 'those who do not play by the rules will need to pay the price' even if the rules are made by a bunch of frauds.

So there are risks involved, but it is unclear how this will play out and it could all be a nothingburger.

## What should we do if we're using WoS?

The good thing is, we have options, my recommendation right now is to at least temporarily move your sats to a non custodial wallet. If you are reading this then you probably not a routing node operator, so your best bets are the non custodial LN wallets. These include, but are not limited to,

- Phoenix wallet (and Eclaire if you're a masochist)

- Mutiny wallet

- Breez Wallet

- Blixt (ok this is as hard as Eclaire)

There are some options I haven't tried yet like Zeus.

But be aware that in order to use these non custodial wallet, you will need to open your own Lightning channel. Of course you'll still be using their node and liquidity services, but there will be fees associated with opening up a new channel which requires an on-chain transaction.

With the current ongoing attack on chain by the big blockers orditards the fees are pretty high, around 14-20k sats to open or modify a channel.

These wallet will open a channel with your initial deposit, so you'll want to have a large enough channel opened to receive all of your sats, this is done by sending all of your sats at once to avoid multiple fees, it can be quite scary, if you wanted to be safe, be prepared to pay the fees at least twice. All in all, just think it through carefully as the fees are quite expensive at the moment.

If all of this is still over your head, you can try moving your funds to another custodial wallet like Blink or Alby, but they also face the same risk.

I will try to keep you guys updated on the situation.

Yes, that's why Android are superior.

Now that you mentioned it.

No, your channel are open from you to phoenix, it's not routed anywhere else so I doubt any transaction will go through you.

But the channel is yours to use, this alone is already something I don't expect most people to be able to afford in the future, having one's own channel is going to be a luxury at this rate.

If you wanted to receive fees you need to run your own lightning node and open multiple channels to many other nodes. However, running a routing node for transaction fees is not an easy task and requires a lot of patience, experience, and time. Figuring out how to manage your liquidity and fee rates is an art, it's like managing liquidity between banks.

... It took a while to realize that that's a baby.

Yeah, I just forked out 15k to enlarge my channel with Phoenix because my node is still down. 🥲 (Synching a new one)

Phoenix takes 15k (usually aroun 3k at lower fees) to open and/or enlarge channel.

So if say you have 2m sats to put in and you send in 1 m

Phoenix will open a channel for you with maybe around 1.2 m capacity, meaning you can receive 200k more.

Now if you want to transfer in the other 1m you will not have enough inbound capacity so Phoenix will need to do another on chain tx to enlarge your channel which is another 15k at the moment.

But now you'll have a channel with around 2.4m capacity which is yours, forever so if you sent the sats back out you will have more inbound liquidity to receive more.

The same thing applies if you run your own lightning node and manage your own channels. Custodial solutions take care of all these complications behind the scene.

Never thought of lnmarket as an option, that could work.

Typos typos typos

For anyonebtrying to move their sats to phoenix and keeps getting a payment failed / rejected message.

Your inbound capacity is probably not enough and you will need to enlarge your channel. (Check you Lightning Channel capacity in settings)

The network fees needed for this is around 15k sats and the default fee limit in app is 5k sats.

So if you are ok with paying quite a lot to get more inbound liquidity, raise your max fee setting accordingly, if not, then at least you know why. 🥲