During my stay in Zimbabwe I wanted to find out how self-custodial LN wallets perform in rural areas to enable inclusion for anyone. You'll be surprised by the results!
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664 sats \ 3 replies \ @ama 28 Jan
Aqua wallet from Jan3, supporting Bitcoin on-chain, Lightning Network, and Liquid, as second layer, as well as USDT on Liquid, might be a good alternative wallet for such requirements.
It isn't a native LN wallet, but it uses atomic swaps between Liquid and LN to do Lightning transactions through its Boltz integration, which allows for cheaper fees than managing LN channels.
I think that by combining Phoenix with Aqua could be a good solution to handle most LN needs at lower fees.
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101 sats \ 2 replies \ @anita OP 28 Jan
Liquid is not a second layer. I like Liquid, I use it, but it's a sidechain and I don't like this misleading description by Liquid/Aqua. And yes, Aqua might be a good option, but as you said, it's not a LN self-custody wallet and therefore I didn't include it in this test.
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21 sats \ 0 replies \ @GregAsks 30 Jan
Exactly, IMO liquid is a shitcoin.
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0 sats \ 0 replies \ @arrivederci 31 Jan freebie
Can you expand on this ?
I understand Liquid is a sidechain but why does being a sidechain preclude it from being a second layer (as you seem to be saying) ?
I did see this part of your article :
Is that part of your argument against it being a second layer ?
10 sats \ 0 replies \ @cryotosensei 22 Mar
Looks like I need to jump on the Phoenix bandwagon!
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149 sats \ 3 replies \ @TonyGiorgio 28 Jan
Very thorough results, thank you for testing, documenting, and sharing it! We hope to improve Mutiny a lot for next year's tests.
(minor note, Mutiny does have 12 word backups, not 24)
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431 sats \ 2 replies \ @anita OP 28 Jan
I'm sorry, my bad. Updated the table: https://docs.google.com/spreadsheets/d/1XqBIhpWnd5zp_s_JNO8hSzSERunywv-qckL2hD9FHZE/edit?usp=sharing
and edited the article
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0 sats \ 0 replies \ @TonyGiorgio 28 Jan
No worries, appreciate that!
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0 sats \ 0 replies \ @anita OP 28 Jan
deleted by author
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7 sats \ 0 replies \ @KLT 28 Jan
Thank you Anita for all that you do. It’s incredible and is doing so much for humanity.
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59 sats \ 3 replies \ @Coinsreporter 28 Jan
Phoenix and wallet of Satoshi are best here in India even in extreme locations. I personally tested both in far off regions, almost in every corner of my country and they work quite well. Hardly 2 to 10 Seconds for sending and recieving. The reliability is top notch.
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10 sats \ 1 reply \ @cryotosensei 22 Mar
Is the lightning network common in India? I would be surprised to learn that it’s widely adopted
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0 sats \ 0 replies \ @Coinsreporter 22 Mar
Not widely adopted but they work in every location. Of course, there aren't so many merchants here that accept bitcoin payments. It's largely because government here has imposed a 31% straight tax on any gains people extract out of Bitcoin.
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0 sats \ 0 replies \ @anita OP 30 Jan
Good to know!
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121 sats \ 2 replies \ @Louferlou 28 Jan
Interesting tests ! It's a shame that Breez has not be tested though, as it's IMO the second best just behind Phoenix.
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125 sats \ 1 reply \ @anita OP 28 Jan
I tested it last year and it wasn't able to sync. I knew that the optimizations of Breez in 2023 didn't go so far that the results would have been different. So I didn't include it.
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0 sats \ 0 replies \ @Louferlou 28 Jan
You mean syncing in rural areas with bad connection I guess.
It may be because Breez is performing the route calculation (for more privacy) on the client side, so you need to download the graph to use it.
I see good to know, Breez not good with poor connection
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0 sats \ 0 replies \ @theswissroadtocrypto 6 Feb
Thanks for the article Anita. Test in the ground are very useful and enlightening
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0 sats \ 0 replies \ @globalmerchant 29 Jan
Thank you for the work you are continuing around the World, Much Aloha, Richie
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0 sats \ 1 reply \ @joda 29 Jan
Thanks for the update! I'm a big fan of your work, as are many others here, it seems!!!
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0 sats \ 0 replies \ @anita OP 30 Jan
Appreciate!
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0 sats \ 1 reply \ @heidi 29 Jan
Good testing/review!....enjoyed it more than you enjoyed the scorching heat ants I'm sure!
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0 sats \ 0 replies \ @anita OP 30 Jan
haha!
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0 sats \ 1 reply \ @4DChess 28 Jan
"Conversely, permitting the seed phrase to be copied to the device’s clipboard for convenience may compromise the security of the funds. Uninformed users and newbies might copy it, send their seed per email to themselves, store it as a screenshot or in a Word document. I have seen it all. Convenience is the enemy of security."
I like to copy the seed and save it in my password manager. After, I immediately clear my clipboard. I have never lost a single sat from this backup method. It's a hot wallet and not cold storage. What do you think? @TonyGiorgio
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0 sats \ 0 replies \ @TonyGiorgio 28 Jan
They're going to do all those things anyways. Preventing a copy button doesn't stop any of that. It's just going to cause someone to skip and not write down at all.
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0 sats \ 0 replies \ @OT 28 Jan
Agree with more coin control features. It was recently pointed out to me that blue wallet has some coin control.
I'd like to see this comparison with larger channels.
Still, interesting to see your perspective on LN and the problems with low internet band width.
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0 sats \ 1 reply \ @siggy47 28 Jan
Thank you for this, Anita! While I was worried about ETFs you were working on important stuff.
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11.6k sats \ 0 replies \ @anita OP 28 Jan
;-)
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0 sats \ 1 reply \ @Bitcoiner1 28 Jan
Excelente post.
Coinos could be a custodial option to try next time.
Cheers
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0 sats \ 0 replies \ @anita OP 28 Jan
This test was about self-custody only. I only included WoS to see how it compares.
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0 sats \ 1 reply \ @Lost_dogz 28 Jan
Thanks for a very thorough and interesting test @anita !
What was the reason for not including Breez wallet, because I remember you did test it last year? Anyway, keep up the great work and I'll keep supporting our through @geyserfund !
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0 sats \ 0 replies \ @anita OP 28 Jan
I tested it last year and it wasn't able to sync. I knew that the optimizations of Breez in 2023 didn't go so far that the results would have been different. So I didn't include it.
Thanks for your support!
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0 sats \ 1 reply \ @fixthemoneyfixtheworld 28 Jan
Great review Anita! Your dedication is admirable.
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21 sats \ 0 replies \ @anita OP 28 Jan
Cheers!
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0 sats \ 1 reply \ @BlokchainB 28 Jan
“Coin control is going to be more and more important as transaction fees are rising. We need Bitcoin mobile wallets allowing us to do coin control and choose different UTXOs for a transaction. Sadly, none of the tested wallets allows that. This limitation impacts users’ ability to manage transaction costs effectively. While Green does offer coin control, it’s only available in their desktop version, not on mobile.”
👏👏
Great read! Nothing like testing in the real world! Zeus has some work to do.
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1196 sats \ 0 replies \ @anita OP 28 Jan
Thanks
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0 sats \ 1 reply \ @SaToSHiWoMaN 8 Feb outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.