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52 sats \ 2 replies \ @BTCsessions OP 26 Apr 2022 \ parent \ on: šŸ˜Ž I'm Ben with the BTC Sessions. AMA! bitcoin
Hot Wallet - Muun because I can do on-chain/LN in one balance. Blue is a close second Coinjoin - I use Sparrow with whirlpool because I prefer desktop BTC Book - The 7th Property by Eric Yakes Non BTC Book - How To Win Friends and Influence People by Dale Carnegie
Resources that helped me most tended to be pods/videos TBH because I'm a visual learner. Also conversations with other Bitcoiners whenever I had little questions. Books... Inventing Bitcoin my Yan Pritzker was awesome
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11 sats \ 1 reply \ @arrowdrive 27 Apr 2022
Hey Ben, big fan of the show.
I just want to point out that Iā€™m not a fan of Muun wallet for a couple reasons.
  • Itā€™s not really a lightning wallet, all funds are on-chain and it just interacts with the LN via submarine swaps. This gets expensive and isnā€™t sustainable.
  • Because the submarine swaps are expensive they extort fees from people who send funds to users running Muun wallets. Every payment to a Muun wallet routes through their node magnetron which charges insane fees of 1500 ppm or more. This also makes it incompatible for receiving funds from some services like RoboSats who refuse to send payments at a loss.
  • Since itā€™s not an LN wallet, it doesnā€™t have a node public key and as such canā€™t use LNURL-auth to log into websites like SN.
  • It sucks for on-chain too since it lacks even basic coin control and uses nonstandard backup methods. You also canā€™t connect it through your own node. Bad for privacy.
I think itā€™s much better to use separate wallets for LN and on-chain, and hopefully on-chain will be used less and less for mobile on the go transactions as LN grows. BlueWallet is my go to mobile wallet for on-chain because it provides all the basic features I consider necessary.
As for LN wallets, my favorite one right now is Blixt Wallet. It runs a full LND node on your phone and allows you to open channels to any other node in the network, which is great for censorship resistance, redundancy and privacy. Itā€™s also easy to get inbound liquidity if needed with the Dunder LSP which will automatically open an inbound channel toward you if it detects you donā€™t have enough inbound liquidity to receive an invoice.
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0 sats \ 0 replies \ @ama 8 Jan 2023
I wish I could bookmark/link to share this comment. šŸ‘
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