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0 sats \ 3 replies \ @quark 19 Mar 2023 \ parent \ on: Daily discussion thread
Thank you for the info. Really nice. Now I want to try Phoenix too :) The thing I am not liking about Breez is that it doesn't give me the 12 words, only an option to encrypt it along with channels and backup it in google drive and an option to restore only from Breez. I know these wallets are going to be used for small quantities of sats, but still, I don't like that idea. But so far it works well.
I still don't understand how the on-chain to off-chain works with the submarine swaps and what implications it has so, since I already have a full node, I am on the brink of falling into the rabbit hole of installing a LN node too but I find it more complex so this is why I wanted to start with Breez or now maybe Phoenix.
You need to understand the tradeoffs related to Lightning backups: https://doc.breez.technology/Backup-FAQ.html#does-breez-have-a-backup-seed
In any case, Breez Interoperable with lnd nodes. It means, you can actually transfer the wallet files to a standard lnd node.
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Thank you. I understand that continuous backups are needed. I see it can use Nextcloud too and not only Google Drive. Cool !
And I for sure need to learn more about Breez, and lnd nodes, and everything, because I just installed it. I was just sharing my first impression. Thanks for the information.
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Sure thing. With any Lightning wallet there so much more than meets the eye. Is the wallet running a node on the device? Are swaps trustless? What's the backup tradeoff model? Etc. It's a completely different paradigm than on-chain.
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