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20 sats \ 5 replies \ @justin_shocknet 17 Jul \ on: Maximum Sats you will hold in an LN custodial wallet? lightning
Self-custody doesn't become economically viable until 200k or so minimum, 500k more realistically. That's still a very low bar for instant settlement and onboarding.
Pretty sad that there's so many fake L2's and scam wallets poisoning the ecosystem over what amounts to a de minimis service credit.
Thanks. Any recommendation for self-custodial wallets?
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Run a lightning.pub then connect shockwallet to it
You'll then be the custodian, invite friends family customers etc
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I'm not a technical guy to understand code and the process. A simple wallet that gives me control over my funds should be enough for me.
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You can use shockwallet in boostrap mode for the simpler UX immediately. Eventually, once your balance is viable, it'll spin up a cloud node behind the scenes with full automation, enabling you to invite people to share access to it. Invites are just an nprofile that connect the wallet to the node over Nostr.
This spreads the inevitable costs around, but keeps the trust local within families/social circles/small businesses.
It's already pretty simple if you want to do this, if you can buy a linux VPS and copy paste literally one line of code you're good to go.
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Thanks. I'll give it a try.
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