Hi all, does anyone have any good resources about the security of the lightning network. Specifically around the use of custodial wallets to purchase BTC on peer-to-peer platforms like Robosats. I know that self hosted wallets offer max security/privacy but how much of an issue is it?
316 sats \ 1 reply \ @DarthCoin 13 Nov 2022
I wrote several guides about this aspect, here some
- LN wallets comparison
- Add some anonymity when you receive over LN
- Getting started with LN
- Bitcoin and privacy
- LN submarine swaps
- Lightning cleaning machine
- Using Blixt mobile node guides
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11 sats \ 0 replies \ @Eximpius 13 Nov 2022
Nice man, i can point my non technical friends to these
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244 sats \ 6 replies \ @TonyGiorgio 13 Nov 2022
I can't comment much on Robosats because I haven't looked into it yet. But I do know their node is a middlemen. Sending LN to or through them might warrant some red flags depending on how much your custodian cares about p2p/robosats. If you're strictly receiving into a custodial account then the custodian shouldn't normally know where it came from. But senders (and/or maybe robosats) would know the custodian to send the subpoena to if LE wanted.
Stay away from KYC custodians if you care about privacy, and don't think a sophisticated attacker can't figure you out from non-KYC ones either.
I've written about lightning privacy here and there will be more out soon: https://abytesjourney.com/lightning-privacy/
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2 sats \ 5 replies \ @JustinGoldberg 13 Nov 2022
What is the most reliable decentralized exchange? I worry about a coinjoin going down and disappearing.
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1 sat \ 2 replies \ @Taranis 13 Nov 2022
Bisq - https://bisq.network
Hodl Hodl - https://hodlhodl.com
RoboSats - https://learn.robosats.com
Agora Desk - https://agoradesk.com
coinjoin is simply a collaborative spend. i'd say it's difficult to stop people from collaborating. if you're worried about a particular open-source codebase being pulled, remember the code can be forked and republished by anyone. new coordinators can and will arise as information wants to be free.
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1 sat \ 1 reply \ @JustinGoldberg 7 Feb 2023
If it goes offline, is the Bitcoin lost? For example, wasabi wallet depends on their centralized server.
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0 sats \ 0 replies \ @Taranis 8 Feb 2023
i can't speak specifically to Wasabi, however, with JoinMarket you retain the wallet's private keys on your machine at all times.
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0 sats \ 1 reply \ @takaponka 13 Nov 2022
What do you mean by coinjoin going down ? For me best is bisq but is only on chain.
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0 sats \ 0 replies \ @JustinGoldberg 7 Feb 2023
Like if it goes offline, is the Bitcoin lost? For example, wasabi wallet depends on their centralized server.
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