0 sats \ 3 replies \ @whitewolf 13 Aug 2023 \ on: Custodial Lightning solutions are good bitcoin
Core lightning contributor here!
You are right! Currently, if you think that self-hosting your node is equal to running a wallet like the Wallet of Satoshi, you are a crazy man.
However, do you remember when Linux has just for people that run code inside the terminal? or for people that are nerds? We are not here any more ofcs you can run Arch and fuck yourself with all the complexity of breaking the packages that you are using but Pop os is really good for people that came from Windows.
So now take this concept and move inside a lightning one. Do you think that we stay as we are now forever? It is not true that a lightning wallet is a hot wallet (it is but no one is stopping you to connect an HW to it). I think that there is space to use HWs inside a lightning node.
Then with features like trampoline (that I am going to implement) and async payments, you do need to open channels anymore. If you want a lightning experience in a mobile wallet, I think in 2/3 you will get it without using the Wallet of Satoshi but just your own node.
So, do not judge lightning as it is today, there are a lot of feature on the plate that is going to happen
Lightning has a bright future
But at the end of the day companies will be building products for people to make their lives easier for profit
And non-custodial is simply easier than custodial
ergo custodial will normalize throughout Lightning
People will still be able to have a non-custodial experience if they choose to dedicate their effort towards keeping custody... and nobody can stop them from doing that...
But most people gonna be custodial under some corporation
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Phoenix is a product made by a company and it is non-custodial. I think you are judged too early.
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I hope they work out and become a dominant wallet player for people... then I'd be happy
But if not then I'll be right and I'd still be happy
Win - Win
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