pull down to refresh
272 sats \ 3 replies \ @petertodd 21 Oct 2022 \ on: Why I switched from Muun wallet to Phoenix wallet. bitcoin
+1
A big problem with Muun's tx-using implementation is if fees ever spike up for some reason, we'll have a lot of people using Muun who thought they were using Lightning, complaining that now their transactions are suddenly expensive.
It's also very problematic that Muun's implementation is insecure: when you send money, they're relying on zeroconf, because you could use your seed to double-spend the underlying on-chain transaction after the Lightning tx was sent.
This might be the reason why they make it so difficult to access your keys.
Sure, they give you an "emergency kit" with which you technically are in possession of the private key material. But this is all encrypted and the only simple way to use it is with an open source recovery tool that will automatically sweep the funds for you.
A more self-sovereign way would be to provide you with a complete output descriptor, that could then be imported into bitcoin core for instance.
reply
They give you output descriptors in the recovery pdf
reply
Yes, but like I said, it's encrypted, and if you want to use it you're forced to perform at least one on-chain tx with their recovery tool before anything else.
reply