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20 sats \ 1 reply \ @DarthCoin 4 Aug 2023 \ on: The Future of Custodial Lightning Wallets could be an hybrid one bitcoin
Non-custodial wallets are still more used by more experienced users that understand how liquidity works. Is still a dream that normies will be able to use a full LN node or a private LN node as Phoenix, Breez, Blixt, Electrum, OBW, Bluewallet, Bitkit, Mutiny.
Also some of them have still way to get out from beta versions.
If you want to help now normies I suggest to be yourself a "LN bank" for your friends and families. But yes, you MUST have good knowledge about what are you doing and being able to manage their LN funds.
Here you have a guide
https://darthcoin.substack.com/p/bitcoin-private-banks-over-lightning
I was precisely focusing on LSP based non-custodial cause they are much more user-friendly compared to Blixt, OBW, Mutiny etc. ...
My hope for the near future is for custodians to implement a self-custody option within their apps based on the Blockstream Greenlight model. They could push for their users to take full custody all along the life of the wallet, while still allowing features only available on custodial wallets.
But yes for my family and friends they'd rather use my LNbits instance, or I could take the time needed to explain why self custody is important, and set them up a Phoenix wallet with good inbound.
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