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126 sats \ 6 replies \ @quark 27 Apr 2023 \ on: Do you run a watchtower? bitcoin
Wait, are the funds in Phoenix at risk if I turn off the phone or lose data connection? This should be clearly notified to the user if that were the case. I think ACINQ is trusted but things like these are why people are reluctant to learn and adopt this.
No, hold your horses. Is not that easy for ACINQ to do that.
Also is about reputation for such a big LSP, so you are getting scared for what? ACINQ stealing your 2 sats?
Do you really think they would throw away their reputation for such a meaningless amount that you will have in your mobile wallet?
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Yes, I agree with you. It is not in the interest of ACINQ to do that.
But it is good to know to not open random channels when using blixt as you said to be a bit careful to choose which channels to use. For our 2 sats hehe.
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Phoenix warns you about this if Phoenix isn't able to run frequently enough.
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Ah. thanks. Also, I'm seeing this about watchtower in Phoenix https://github.com/ACINQ/phoenix/pull/351
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I think custody of funds is not why people are reluctant. In fact, that's familiar to them. They basically lived their whole life with someone having their funds in custody.
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Right. People are very used to that. But specially with current situation with banks, even not having a watchtower could be safer than fiat on a bank 😁
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