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only idiots use that garbage

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1 sat \ 4 replies \ @Imyourfed 11 Nov 2024 -10 sats

I wonder why did you say that! Also, I not only use Muun Wallet, but others like - Wallet of satoshi (for withdrawing small amount of Sats), Proton Wallet (Started using it recently as it is BTC only Wallet and meant to store your BTC for long term),and Binance Wallet(It's my main one).

Also, I find that image very rude :(

I was going to mention it. It's the one I use for most purposes. Excellent wallet, as simple as it gets, and the one I recommend.

The other one I have is Zeus, for it's easier to integrate with SN and Nostr, tough Muun is being listed by Yakihonne for integration now.

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Thanks for sharing! I'll try Zeus too!

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I have some lightning sats on there and would probably use it to get someone off zero by giving them some sats

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FYI, Muun swaps all incoming payments on-chain. So lightning sats are not a thing there.

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Yeah, I heard Muun isn't really a "lightning wallet" but don't understand the implications of that. You can still send someone a few sats and they can use it like a lightning wallet with the benefit of not having to fund liquidity, which creates a lower threshold for starting a wallet, like Breez

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Exactly!

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I think they subsidize and batch small payments, so the fees are manageable. Their approach has several benefits, but also a few problems. The most fundamental one would be that as fees increase, the wallet becomes less usable from an economic perspective. The constant swapping between layers just adds up. We saw that earlier this year when fees were super high during the ordinals nonsense. If you had your own lightning channels (with enough liquidity), it wouldn't have affected you at all. But Muun's system become problematic during that period. It's not clear to me whether they can simply tweak and optimize this system or need to fundamentally rethink it. There are some smart people working on it, I'm sure they have a few ideas.

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