How to make use of LND Accounts to secure your personal spending wallet \ stacker news ~bitcoin

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How to make use of LND Accounts to secure your personal spending wallet docs.lightning.engineering/lightning-network-tools/lightning-terminal/accounts

11k sats \ 8 comments \ @leo 5 Mar 2023 bitcoin

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21 sats \ 2 replies \ @022fbc9cef 5 Mar 2023

Great stuff! How does this compare to using something like LndHub?

When using self-hosted LndHub (Bluewallet Lightning) app on Umbrel, the thing that confuses me most is that:

The payments made by users are mixed up with my node's payments (and I can't see which is which).
The balance held by users is added to my balance and I can't see how much should be reserved for users.
There is overall no user/wallet management, so I cannot see how many people created their Bluewallet wallets with my node.

I guess LND Accounts have user management, but does this solve 1. and 2. as well?

100 sats \ 1 reply \ @leo OP 8 Mar 2023

Compared to LNDHub, the main benefit is that the accounts are secured with Macaroons, meaning they can be further attenuated or delegated. There's not much being done with that at the moment, but imagine you could further restrict your account and hand access to it to others, for example to Stacker News, but limit it to only receiving, or only spending 1000 sats per day.

In LND Accounts you only solve 1. and 2. if you also use an account for yourself. Then you only see your own balance increase when you receive, and you can always sum up everyone's balance to make sure you aren't running a fractional reserve. But that could be done in LNDHub too

0 sats \ 0 replies \ @022fbc9cef 8 Mar 2023

Thanks, good idea about running my own account separately.

I guess that would work even if I combined LND Accounts and LNDHub, right?

For example:

I have a total of 1,000,000 sats on the node. A friend has 100,000 sats on the node in his LNDHub wallet. So then I create a new LND Account with a separate macaroon with a starting balance of 900,000 and then only track my balance on that separate account.

So if my friend received another 100,000 and my nodes balance goes up to 1,100,000, I will still see 900,000 on my LND Account.

Is this correct?

1 sat \ 0 replies \ @Busybe3z 5 Mar 2023

Lighting will be mass adopted… these things take time and we want to do it right

1 sat \ 0 replies \ @DarthCoin 5 Mar 2023

Very good one!

0 sats \ 2 replies \ @BlokchainB 5 Mar 2023

Until lightning labs invests in customer service and support I would never recommend this type of product. I had issues with LNC and barely got any help or support. If I go out and do this on my node then run into a major issue I have no way to get help or fix it. Even if lightning labs charged me for support I would pay to get help!!

0 sats \ 1 reply \ @leo OP 8 Mar 2023

Where did you look for support? Ideally you'll always get a quick answer in the slack

0 sats \ 0 replies \ @BlokchainB 8 Mar 2023

Slack was horrible. Also tried GitHub they are asking non technical people to do really technical things