Elephant in the room: all Lightning infrastructure is centralizing around 1-3 companies that offer zero privacy.
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Replies (34)
Acinq, Breez, Spark?
What should we do then?
So Alice -> Big Brother -> Bob?
Until they reorg the next block right?
And most of the capacity sits on AWS or Google Cloud.
But what about on-chain to ln swaps and vice versa. Doesn't that give more privacy?
Spark, maybe also Second and Arcade when they go live
running a lightning node should be everyone's hobby.
Minibits, WoS, Boltz?
Isn't that what bcashers criticised 9 years ago aka hub and spoke like big regulated banks?
Normalize running your own Lightning channels
We can run bark (from Second) multiple times, right? Otherwise yea, bitcoin chain can handle only limited number of arks. But arks can give you lightning channel factories, so that's nice...
@samrahul92 👀👆🏽
Am I wrong or does one need at least half a bitcoin to run a lightning node?
in the same boat. i’m at the LND and Lightning Terminal are installed, but now i have to learn how to open a channel or send onchain btc.
no rush, just learning as i go
i got LNbits set up for my little girls Lightning Piggy too. that was the main motivation for wanting to get my LN going
Definitely not. The standard amount of Bitcoin I use to open a lightning channel is 1 million SATs or 0.01 Bitcoin.
it just doesn't help your privacy THAT much if all your transactions have to go through a specific entity.
better for sure, just not what we were promised.
Fucking A
Holy shit, that elephant is talking.
What’s the solution??
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Yikes.
Wdym?
Depends on how fat your zaps are on average :D
I hate the privacy implications, but Breez SDK was the most efficient way for me to get an LN wallet into my app. I hoped accessing it through TOR and regularly rotating keys would work. But they block TOR access.
As soon as you have a legally accessible entity operating a service, privacy will be strangled.
have principles
Use XMR. If that is absolutely not possible and you want to use custodial LN use Cakewallet over Tor that uses the same SDK.
Ideally you get a new seed for your LN wallet each time you use it funding it with Monero if you don't want to link your spark activity.
I think this is 100% untrue. LSPs like Megalith do a huge amount of the routing activity. And there are dozens of small and independent players like Rizful. Also, since Lightning is private, nobody can really tell you where the traffic actually is…..
please consider using freedom tech alternatives to breez
proabably untrue. we have $10m+ capacity, with zero of it on any well known cloud provider.
If you want to route payments, yes. But that is pointless and unprofitable these days.
If you just want to send/receive your own payments + sovereign zaps in nostr, then you really only need as much balance in channels as you plan to move around.
I’d say 100k sats is a solid amount to start. You can purchase a channel with inbound liquidity from an LSP, or open your own channels with liquidity swaps etc.
If you already run a node it’s a very fun project to do lightning as well… LN is awesome!
Mempool.space
Wonder why it didnt publish my comment. You don’t need nearly that much, the normal amount to open a channel with is about 1 million Sats which is 0.01 Bitcoin, not half a Bitcoin.
Yes. And that's enough to de-anonimize senders, even if they run their own LN node.