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15 sats \ 5 replies \ @snakedye 5 Jan 2023 \ parent \ on: LNURL deposits coming to Muun Wallet soon! bitcoin
Some people like to call these "custodial" on the other hand because they don't require channel rebalancing, the on-chain is custodial (unless you force close the channels and back up from seed phrase in pheonix) and because they use LSPs.
That interpretation of custodial doesn't apply to anything else. That'd be like claiming Electrum is custodial because it manages your keys for you.
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0 sats \ 4 replies \ @nerd2ninja 5 Jan 2023
I'm with you. Just pointing out the different positions that I've seen people taking regarding these things. Particularly, people running straight LND are the one's calling what Phoenix and Breez do to be custodial.
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0 sats \ 3 replies \ @nout 5 Jan 2023
Sometimes people call Breez and Phoenix "semi-custodial" - because they can't make random payment on your behalf, but they can block you from making a payment.
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101 sats \ 1 reply \ @nerd2ninja 5 Jan 2023
Any LN node you connect to can block you from making a payment. I'm most familiar with Phoenix. If Phoenix blocks your payment you can force close the channel and backup from the seed phrase.
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0 sats \ 0 replies \ @nout 5 Jan 2023
Agreed - so the question is whether that should be called self-custodial or not? I guess one step better than Phoenix is to have your own node with multiple viable channels. Then you shouldn't get disrupted by single node blocking you.
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25 sats \ 0 replies \ @iguano 5 Jan 2023
it is the same if you don't use your own node to broadcast your bitcoin onchain transactions.
Again, if you hold your keys, to me is a non-custodial wallet.
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