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Is there any notion of an inactivity timeout, or liveness limit, for sats in a SN wallet?

No. As far as I'm concerned that money is yours.

Is it correct to say that whatever the answer is, this is basically a SN policy decision, not a LN protocol issue? Because in this case, SN is acting as a custodial wallet, right?

Yes and yes.

I think that is the correct policy. Consider it part of the SN protocol.

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone." - Satoshi 2010-06-21 17:48:26 UTC

From the horses mouth: https://bitcointalk.org/index.php?topic=198.msg1647#msg1647

No. As far as I'm concerned that money is yours.

IMO this is definitely the right call. It's the same as someone losing their private keys. Sats live in the abandoned account forever

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