reply on: 95% of zaps are from custodial wallets. We can do better \ stacker news ~bitcoin

0 sats \ 8 replies \ @xanny 22 Mar 2023 \ parent \ on: 95% of zaps are from custodial wallets. We can do better bitcoin

Exactly.

I have an Alby wallet on Nostr registered with a throwaway email and zero KYC.

I keep my “change” for zapping around in it and send larger sats in the LN network on my own local node.

And of course all of my on-chain bitcoin is on a hardware wallet.

Don’t see the issue, at least until we can onboard people more easily to non-custodial wallets with equivalent features out of the box (e.g. lightning address auto generated on a non-custodial lightning wallet).

Because if we are trying to onboard the normies here we won’t do it by telling them to all run lightning nodes let’s be real.

0 sats \ 5 replies \ @m00ninite 22 Mar 2023

I hope you know that Alby can also hook into your own node. That's how I use it :)

0 sats \ 4 replies \ @xanny 22 Mar 2023

I've read their pages on it, but I still can't work out if it connects just the extension to my node or my account to my node. Is it possible to do the latter so I can route zaps from my Alby address straight to my own node?

If yes, what happens to the sats in my Alby wallet? And can I still use it? It's the Alby wallet I used to sign up here so I don't necessarily wanna lose it now.

0 sats \ 1 reply \ @bumi 8 Jan

You can connect the Alby lightning address to your LND node. But the UX is not as good as we want it to be so far. (current sats are not forwarded for example). We push for NWC there and it will become quite easy then.

0 sats \ 0 replies \ @bumi 8 Jan

let me know if you want to test it and need help.

0 sats \ 1 reply \ @m00ninite 22 Mar 2023

I'm not sure how the account stuff works, I never used it. I just jumped straight to using my node. When doing it this way, you don't interact with their servers at all afaik

0 sats \ 0 replies \ @xanny 22 Mar 2023

Yeah I just use one of the web UIs to do that personally. Only reason I'd wanna hook the two up is for the LN address. But I like how I got things setup now tbh, it's good psychologically to have separate spending and hodling wallets even putting the OPSEC and privacy element aside.

0 sats \ 1 reply \ @DarthCoin 22 Mar 2023

There's also another aspect that seems nobody talk about.

If I run a LN address server on my node machine, or even on a VPS, but pointing to my private LN node... then who would pay me to my darthcoin@mydomain.com would know even more about me:

who register that domain, IP / location of the servers
LN node ID, even if is private, IP/location

So why would I reveal that information with a tip / zap? Yes, I could run a LN address server over Tor, but again, why would I want to complicate like that just for a damn zap/tip?

Running behind a custodial pseudonymous account is the best way to hide.

0 sats \ 0 replies \ @xanny 22 Mar 2023

Exactly right. That's another part of the reason I use Alby for Nostr, it's effectively an abstraction layer.

As you point out, you could run it through Tor (my node is only accessible by Tor anyway) and in fact you can even pay for domains and VPS's with bitcoin, but that's a whole lot of hassle if you all you want is a lightning address.