I love it too brother! Will it be a pancea? Unlikely IMHO, but also unlikely there will be any "one size fits all" solution.
It's entirely possible that an easy solution to all the problems may never arrive in any of our lifetimes. I don't recall ever thinking that self sovereignty would be easy though.
You're using semantics to support a flawed theory that there's some tangible thing called Bitcoin. It's all just ledger entries. The only thing you ever hold is your keys which allow you spend a UTXO, literally just changing a ledger entry for which a protocol exists and for which you need the keys to execute. So by your logic Bitcoin isn't real Bitcoin it's just a protocol and a network of nodes and miners.
I hold the keys so the have ownership of the UTXO, to my cold UTXOs, to my hot UTXOs, to the signed commitment transactions stored on Lightning nodes, to the UTXOs on my Lightning nodes.
It's all real Bitcoin regardless of the "vessel".
My brother in Bitcoin, I can weld but I'm really shitty welder. When I have an opinion on something that I don't understand with regard to that subject matter and you correct me, I guarantee you that I won't call your correction gay and I'll have the humility to admit I'm wrong.
Sovereign Lightning i.e. operating your own node, unlike having lnbits run a node for you 👀, is absolutely 100% real secured Bitcoin.
The thing is, incentives have nothing to do with it. People use circular rebalancing because they think it's their only option.
You going way too deep.
Give them a better option and that will fix the BROKEN FUCKING BEHAVIOR
Yes you fucking retard
Yeah, I read the whole confused and retarded thing
It's absolutely real. Every single lightning payment or channel open is secured by a cryptographically signed and valid Bitcoin transaction that can be unilaterally broadcast by either party at any time.
Yes it is, if it's your own node. Otherwise it's a permissioned iou that's nothing more than a database entry.
Heard about it via this insightful IG vid and appreciate anything decentralized and not controlled by the tech oligarchs 🙌 https://www.instagram.com/reel/C2IK__-ROyQ/?igsh=MXJwdmEzanBzZmk1dQ==
Get a Lightning Address so you can be zapped
There's also a "just leave me the fuck alone and mind your own business" factor, at least for me.
Well, I had something sappy picked out for you and your Buddha but let's go with party 🥳
https://open.spotify.com/track/7E8sTX79VcbCaWnCu3jsko?si=99PbGiuaT4OxxYoiup-X0A
Are we doing throwback songs?
Blixt is a pretty awesome wallet as well.
nostr:npub1t289s8ck5qfwynf2vsq49t2kypvvkpj7rhegayrur0ag9s2sezaqgunkzs "Phoenix wallet is the best non-custodial Lightning wallet we're ever going to get for years."
RIP nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg
Meh, it's rather expensive and IMO I'd call Phoenix, semi-non-custodial. If you can't open your own channels to whomever you choose, it's not really freedom tech. Not dunking on them, but they're far from "The Best".
Is Liquid custodial, absolutely, but it's better than who you're trusting with your zaps. It's a pegged, fully auditable custodian where you know positively that the Bitcoin that is pegged, exists. A better custodial model, if you will.
It does seem odd to me that the most vocal critics of something like Liquid where a tradeoff is made for performance or convenience, are folks who openly make the same tradeoff by using a single and more easily ruggable custodian for their Lightning Address.
This is literally what I do. I don't expect to ever dip very deep into my stack. It will get passed on.