Custodial #Bitcoin Lightning wallet providers can engage in rug pulls and implement a fractional reserve model. This is a ticking time bomb. One day, a custodial Lightning wallet provider goes bust, and people lose their money. Hopefully, it happens sooner rather than later, so people can learn to value non-custodial solutions before it becomes a systemic risk.
Use non-custodial wallets. Check out Phoenix, Breez, Zeus, Blockstream Greenlight.
https://blog.zeusln.com/zeus-v0-8-0-open-beta/
Blockstream (npub1jg5…6n8n)
ZEUS (npub1xnf…lpr5)
Breez (npub1mu7…j5cl)
Oneofus / One of us
npub19c…xrqws
2023-10-23 17:09:06
Author Public Key
npub19cwh56huyxze20zye9tlcyrdf6q0rh7a29jjqp8fw0lhljgkkd5qmxrqwsPublished at
2023-10-23 17:09:06Event JSON
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"created_at": 1698073746,
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"content": "Custodial #Bitcoin Lightning wallet providers can engage in rug pulls and implement a fractional reserve model. This is a ticking time bomb. One day, a custodial Lightning wallet provider goes bust, and people lose their money. Hopefully, it happens sooner rather than later, so people can learn to value non-custodial solutions before it becomes a systemic risk.\n\nUse non-custodial wallets. Check out Phoenix, Breez, Zeus, Blockstream Greenlight.\n\nhttps://blog.zeusln.com/zeus-v0-8-0-open-beta/\n\nnostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n\n\nnostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5\n\nnostr:npub1mu7nv2jkaq4xausnn098xc8tp3gzgf2w5r2cj68x8dnns0rktmysnsj5cl",
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