Rich Nost's avatar
Rich Nost richnost@nostrplebs.com yesterday
All the "easy"self-chstody lightning wallets seem to just use some "don't make me think" slight-of-hand that is ultimately belied as a really crap tradeoff. Phoenix: Outrageous fees. Quickly looks like shit when you try to onboard someone with $10 and they receive $8.50.Even once they have a channel, the routing fees are like 10x what they should be. Don't demo this to vendors looking to escape credit card fees. Aqua: Your "lightning" payment gets trapped in some limbo, where you can't tell if it failed, if it's multi-pathing, or whatever the fuck they are doing behind the curtain. Don't demo this to people who want instant settlement. Wallet of Satoshi/Breez/Blitz: Last mile of the payment is paved with surveilance. Don't use this if you wa to demonstrate censorship resistance.

Replies (17)

OT's avatar
OT yesterday
Try Rizful
Rich Nost's avatar
Rich Nost richnost@nostrplebs.com yesterday
Zeus is great, but there's no way I can recommend it for onboarding. Firstly, the transparency of channel management is great for someone who understands it, but you quickly start tossing a word salad trying to explain it to someone who's never even held their own bitcoin. Secondly, the leasing model assumes you've already convinced someone to use the wallet for months to a year, and that conflicts with convincing someone that this is some no-commitment harmless little demo. Thirdly, while I appreciate the exhaustive feature set and pace of delivery, it's unstable and requires you to open the swiss army knife of settings/tools to wrestle it into usability, from having to manually push ecash index counters to widening derivation path index gaps or straight up abandoning the wallet for manual Sparrow UTXO rescue in a recovery scenario.
weev's avatar
weev yesterday
Lightning is not really that great for privacy. When enough people use it, it will result in non-fungible coins just like Bitcoin does. Telling people who need privacy that lightning is “good for privacy” is irresponsible. Monero, Pirate Chain, Tari are the “good for privacy” choices. You should say the truth: that everything else is not fungible or a public transaction.
freemymind 🇨🇭's avatar
freemymind 🇨🇭 freemymind@NostrAddress.com yesterday
Beside what is not so great: What apps would you recommend for onbording shop owners, which might never ever touched bitcoin yet? I would am most focused on fast setup, easy use. Only option I was thinking of is ’swiss bitcoin pay’
Momo's avatar
Momo momotahmasbi@primal.net 23 hours ago
Phoenix has that fee issue. I’ve seen it a lot. But comparing to running my own node or VPS, it’s gonna end up costing less. That said, it doesn’t make sense for small lightning payments to be more costly than on-chain transactions, even if you’re not the node-runner. I haven’t had the issues you mentioned with LOL though. Maybe because I haven’t used it enough. :)))))
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