Thread - Nostr Hypermedia

I would love if someone explained to me like a laymen why Mutiny is self custody and Wallet of Satoshi is not? I am very new to the game. My main place to buy bitcoin is @Cash App for reference. Also, how would I host and connect my own lightning node? Are there advantages to it? I have an umbrel set up. I cannot find any place to just go and watch a 10 hour video so that I have full comprehension of this. lol.

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Replies (2)

michael 2 years ago

great points/questions. I’m 100% with you on that. the joy of early days 🙂

Paul futurepaul@paul.lol 2 years ago

With Mutiny your lightning node runs in your web browser or app (not on Mutiny's servers, actually on your local device). With Wallet of Satoshi, they're running a lightning node on their servers and you just have an account with them (hence custodial). The advantage of running your own node on something like Umbrel is that it's always on so you can receive 24/7. To receive on Mutiny you need to have Mutiny open (because that's when the node is running). Downside of running your own node is managing liquidity, which is automated with Mutiny. Still a lot of tradeoffs with all approaches.