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0 sats \ 5 replies \ @ZezzebbulTheMysterious 2 Jul \ on: No, the new Wallet of Satoshi is not "self-custodial" bitcoin
The bar the beat is, can the au government seize the keys? Today, yes, they can take the keys and your sats. The au eo6102 scenario was my biggest concern, but it has not grown large enough, yet.
Anything is better than this. If they are able the maintain the same UX, and remain compliant with whatever regulations get raised, lets go.
Does the Spark protocol prevent eo6102 attacks by states against lightning wallet providers?
The wallet provider is not able to modify or push a malicious version -- assume phone vendors block any new malicious version on their marketplaces under this scenario.
Why don't people just use non-custodial providers? Zeus, Phoenix?
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Oh I do use Zeus. That’s my main mobile Interface. But it was never about me, it was onboarding folks that might not even know what a sat is.
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Phoenix does it for you. If you use a Zeus LSP it's what like... one channel?
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It's still you who decides how big your channel should be, whether you need outbound or inbound liquidity, and who pays for it.
So you still need to understand, at least to some degree, what you're doing to make good decisions with Phoenix and Zeus.
That might not sound like a lot to you and me, but it's a lot for someone completely new to lightning.
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