110 sats \ 2 replies \ @iguano OP 21 Oct 2022 \ parent \ on: Why I switched from Muun wallet to Phoenix wallet. bitcoin
I understand when you send funds to the onchain address is not your address, that is specified on the wallet, and we are all agree with that, I mean you and I are in the same page.
But when you receive funds to an invoice you created, and you don't have the inbound balance, they create a turbo channel with YOUR node.
What you say about they receive the funds and they "decide" to create a channel with you later doesn't make any sense to me, are you saying that in ALL invoices you create on phoenix wallet send information to route the funds to a third node in case your node doesn't have a channel with enough inbound capacity? sorry I lost you on this.
No, not all invoices, just when you can't receive (I believe).
But yes, I guess they're calling it turbo and that's correct. They accept the funds, then later open a channel with you and push funds through.
Sounds like you're fully aware of how trusted it is and the custodial situations it has. Surprised you had such a stance against muun then. Ignore my concerns I guess.
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No, I'm not against muun at all,
My two big turn offs were the onchain footprint and I explained why on the main article, and the lack of implementation of several features of LNURL.
But I love the project, I hope they release a big update soon improving all this.
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