"If they're coming for others they're going to come for Bitcoin." I think many Bitcoiners expect this

Everyone saying custodial zaps are okay or that UX is too hard is wrong. We can do better and shouldn't settle for less.

Will have a PoC version ready later this week that should allow any self-custodial wallet to have a lightning address with minimal trust assumptions.

Everyone saying custodial zaps are okay or that UX is too hard is wrong. We can do better and shouldn't settle for less.

Will have a PoC version ready later this week that should allow any self-custodial wallet to have a lightning address with minimal trust assumptions.

For a non-technical person, an own LN is simply to hard to configure/rebalance. Buying inbound liquidity is such a silly thing to do (conceptually)...

Why can't more technological verse people act as custodians? Is there something like an open protocol to act as custodian for a LN-wallet?

Nope! Now I really have to send it back. it came to my WOS? Wtf I put my talltcoin address in my profile?

Sweet I think I did it. Someone zap me and I will 2x it back

OK, all you "it's just for small payments" custodial Lightning apologists.

I would love to hear nuanced arguments that refute these claims:

1. Adopting custodial wallets now "for small amounts" will lead to slower growth and adoption for proper, approachable self-sovereign setups, both now and in the future

2. Using custodial wallets provide zero privacy from the custodian, w/ zaps tying your nostr identity directly to any other payments you make as a result

3. Once better options are out there for self-sovereign LN, people won't switch because they'll be fully entrenched in the convenience of custodial wallets

4. Often, using custodial LN wallets isn't even using LN at all, as it's just shifting around numbers in a database (Strike>Strike, WoS>WoS, etc.)

5. If the majority of users are adopting custodial LN wallets, there will be far less funding and social pressure for better self-sovereign setups, proper privacy tools (BOLT 12, alias SCIDs, route blinding, etc.) due to so few actual potential users

Glorious not to see this emoji anymore: 🧵

Why now? Because it's fun! I have USD in a bank account because a small portion of my money is used for low time preference activities.

It's. Fine.

"federated LN tools like satadress"

IDK about this. If you used your platform to talk about SOLUTIONS like this, that would be AWESOME! Could you tell us more about satadress? Maybe include info about satadress in all your future anti custodial posts?

Refine your question.

As long as they leave Monero off the table, I'm willing to listen

Non custodial options are not "quite usable" when you can't receive zaps.

Have the zaps go to a custodial wallet, for now. It's fine.

I preach Phoenix when I can but it needs to a person who is prepared to deal with the gotchas.

Look, I may give privacy nyms a hard time for shaming noobs and employing divisive rhetoric, but the truth we would be fucked without them.

We *need* the open source, noncustodial #Lightning experience to match or beat the closed custodial experience seen in #[0].

Bitcoiners will go to great lengths to secure their life savings using open source tools like Sparrow, but for #Nostr zaps the best UX is simply going to win.

This is a big deal. We can never let #Bitcoin become cuck money. Care mad is still care.

I respect what #[1], #[2], and the other privacy nyms bring to the table. We all should.

They ARE fine for small amounts! I still haven't seen any of you explain why they aren't.

"how do you think people are going to actually even learn about the self-sovereign path?"

We teach them! I've transitioned people from custodial to non custodial Bitcoin. Happens all the time. People need time to learn. And the tools need to actually be there for the use cases, which they are not yet for nostr. When bolt 12 comes along we'll tell everyone what's up.