The problem I see with the advice given by self-custodial lightning zealots is that they push it as an all or nothing approach. Lightning is vast, and you can utilize the entire ecosystem of custodial wallets, self-custody wallets, running your own routing node, cashu wallets and mints, etc., with minimal risk to losing your funds. Pushing people to ONLY running self-custodial lighting is a good way to ensure they lose money and never use it again. Meet people where they are and give them the tools and education for what they are trying to accomplish on lightning. View quoted note →

Replies (17)

Well said corndalorian. I think folks fear the complacency of custodial as necessity is the mother of invention. But self custody of micro payments is not a necessity to all.
We haven’t found a custodial solution that lasts. Seems like I’m trying to jettison my sats from every option every 6 months. Even if you find a stable home for your money somewhere, no guarantee that team of devs will still be there next year
Logen Kain's avatar
Logen Kain 10 months ago
We do have the issue of MT Gox and friends without guarentees it won't happen again. I hate caring for my own wallets, but without securities, I'm hesatent to have significant funds held by someone else.
This is why I have several savings accounts and a checking account, debit cards and credit cards. Each tool can and should be used differently even tho they all use dirty fiat money.
Spot on! Meeting ppl where they are & empowering them to find the solution that fits their needs best is the key IMHO. And things change over time, so solutions may have to be reviewed & adapted (including those propagated & used by the zealots themselves)!
Surfside's avatar
Surfside 10 months ago
Agreed - I've soverignly rug pulled myself a LOT in lightning node land 😂 Much better leaving a $100 with Calle and friends...
That’s the gist of what I’m saying 🤣 I’ve run a routing node, I’ve run multiple node in phone apps, I’ve used most of the custodial wallets, cashu, run my own mint, and I’ve come to this conclusion that myself and probably most people don’t really NEED to bother with any of it. Your time is worth something too, and running lightning fully self-custodial for everything takes a lot of time.
Surfside's avatar
Surfside 10 months ago
Yes! Then there is the second level effect of my normie buddies still pissed that I convinced them all to spin up nodes to created our ring of financial pain when I promised we'd be the new JP Morgan in 21 😯