These days there are some great self-custodial Bitcoin Lightning wallets to choose from. Some even integrate an LSP so you don't have to manage your own channel liquidity.

Here is a simplified overview of the major players and how their fee arrangements differ.

As Bitcoin on-chain fees rise, you should have a basic understanding of where LSP costs are incurred so you can plan accordingly.

For example, funding your wallet will allow you to send, but if you are receiving lightning payments you will require inbound liquidity.

If you want to receive a payment on a new wallet, an on-chain transaction may be required on behalf of the user by the LSP in order to provide the necessary capacity.

In high Bitcoin fee environments this can sometimes result in unforeseen transaction fees. Be aware.

The devs are working hard and shipping improvements and new features all the time.

As these products develop I'll attempt to publish any relevant updates.

⚡️

PV 🤍🕊️

2023 is 90% complete

The Wallet of Satoshi exodus for US customers is BY FAR, WITHOUT A DOUBT, the largest Bank Run and Stress Test of real value this century thus far.

I have fatty liver disease from all the alcohol that I drank in the last 20 years.

Quit drinking again. This time it's going to stick. I know this because this time I have God on my side.

Alcohol is a poison. Don't do like me. Give it up before it wrecks your health, not after.

...really weird, I went to refund you 100 sats via your strike address, first got an error then got "payment successful" so I'm not sure if it went through...

Hm same error...?

Try now? 5 sats?

32,000 #bitcoin are taken off Binance the last 30 days. That’s 6.2% of their total supply.

removing the app from US app stores will not satisfy regulators - they will expect kyc on all users globally to make sure americans are not using it

yes, that is fucked up but that is how large custodians have been treated in the past

removing the app from US app stores abruptly with delayed comms indicates a level of panic from their team that is a concern - the only responsible path forward requires deliberate action from the wallet of satoshi team to encourage users to withdraw funds ASAP - otherwise the next course of action is likely a panicked shotgun kyc of all users without notice

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