NunyaBidness on Nostr: It'd be cool if all LN wallets could be set up to draw sats from a single, sovereign ...

It'd be cool if all LN wallets could be set up to draw sats from a single, sovereign repository (like my self-hosted LN node).

That way, the user could enjoy (and possibly pay for) the wallets' UX and networking connection features while not having to worry about what Apple's or Google's "panties in a snit" disposition might be.

Mutiny gets pulled from European users? Fine. Use one of the other 10 wallets connected to your sat stash. Another one goes dead? 9 left.

What Am I missing here because I know I'm missing something.

quoting
note12sp…vnxr

These days there are some great self-custodial Bitcoin Lightning wallets to choose from. Some even integrate an LSP so you don't have to manage your own channel liquidity.

Here is a simplified overview of the major players and how their fee arrangements differ.



As Bitcoin on-chain fees rise, you should have a basic understanding of where LSP costs are incurred so you can plan accordingly.

For example, funding your wallet will allow you to send, but if you are receiving lightning payments you will require inbound liquidity.

If you want to receive a payment on a new wallet, an on-chain transaction may be required on behalf of the user by the LSP in order to provide the necessary capacity.

In high Bitcoin fee environments this can sometimes result in unforeseen transaction fees. Be aware.

The devs are working hard and shipping improvements and new features all the time.

As these products develop I'll attempt to publish any relevant updates.

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