The Lightning Network – Bitcoin’s ultimate scaling solution. In less than a decade, it has grown from a small experiment into an enterprise-ready payments solution that powers 25% of CashApp’s bitcoin transactions.And yet, in spite of Lightning’s growing enterprise adoption, people sometimes say things like “Lightning self-custody doesn’t work”. And how can we blame them for saying this? At conferences and on podcasts, you’ll hear people saying that Lightning is more like a “glue” that binds together other bitcoin protocols. “Lightning isn’t for users, it’s just infrastructure”.While it’s true that Lightning helps to bind together many different bitcoin protocols and companies, it doesn’t end there. I argue that Lightning isn’t only for settlements between big players. Lightning-self custody works for end-users.But before I describe why it works, I want to first dispel some of the things that do not work.
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100 sats \ 1 reply \ @justin_shocknet 2h
Rare L take from Voltage, the sooner folks building stuff for Lightning let go of the mobile node fantasy the sooner it becomes the native money of the internet.
There's no such thing and never will be, anything above the chain is inherently interactive. These are immutable physics.
An LSP taking custody while your offline, or the sender retrying after you signal you're back online, is not offline payments.
Both are just re-branding trust/custody. Really blows my mind how anyone still takes LDK and their NGO salaried soy devs seriously.
Absolute garbage pushed by the mobile node distributions that can't work with LNURL because they're not servers. Emulating Tor on Lightning is not a solution for that, as anyone trying to run a business node behind Tor can attest to.
They'll keep fighting CLINK to salvage their reputation and keep that NGO money flowing.
AMP has had this solved for years
Ark shilling, disgraceful, and it's not "or" custodial, it is custodial.
Try not wasting liquidity on a single device that's offline most of the time.
The mental gymnastics people will do just to avoid admitting mobile nodes are retarded is absolutely unreal. You don't run an email server on your phone, don't run a Lightning node on one either, enough larping.
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0 sats \ 0 replies \ @DarthCoin 29m
You are right to say that mobile nodes are stupid, but this is valid for those that don't know too much about LN and these mobile nodes are hard to manage.
I can easily run 1 or 10 Zeus /Blixt nodes with a single channel to my own remote node at home. The home node could act as a cental bank with public liquidity and serve multiple family members with 0-conf trusted channels in their mobile nodes.
Yes, is a different scenario than Lightning Pub but works perfectly fine.
For the moment these mobile nodes are a good option even for not so advanced users. The trust in a LSP is the same trust as using the same LSP with Lightning Pub.
I have more trust in Olympus, Blixt, Megalith than any random Tor shity node. Let's not forget that these LSPs main feature is to provide good routes for private nodes. Their business is not how to rug pull but to have as much traffic possible to earn more fees.
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42 sats \ 0 replies \ @BlokchainB 7h
No love for ln.pub
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0 sats \ 1 reply \ @brave 5h
Completely agree that self-custodial Lightning works today better than most people think.
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0 sats \ 0 replies \ @krispy_donkey 5h
Would a self hosted Alby Hub fall into this category? Any other recommended products/projects?
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