pull down to refresh
I never liked lightning
Oh, where to begin..? I think the main reason for me is the complexity in running a sovereign self-custodial lightning stack. Managing channels and liquidity, while being exposed to the risk of loss of funds, is too much. I'm in bitcoin and monero to protect my wealth, not juggle it around in risky or less understood ways. I know there are good non-custodial wallets nowadays and I don't need to run a node or manage channels, but the underlying architecture is just off-putting I guess? I like to run and self host as much as possible. I can run a bitcoin node easily, I can't easily run lightning without worrying that all my money won't be pwned by some new AI exploit tomorrow.
Admittedly, its been a long time since I've tried to use lightning, so maybe things have changed.
As for open sourcing the code, that is the end goal. Stasher will be FOSS. It isn't yet because I'm essentially treating this early launch phase as an open beta to make sure that the system is robust and stable. As for contributors, they will be welcome and expected of course, but personally I don't have a this fear of losing contributors because I've always been a lone wolf and done things with the expectation that I will be doing it alone. Once the source is open then whoever wants to contribute can, if they don't, then don't.
Thanks, I'm having a listen to your talk this morning.
Public LN right now: 13,711 nodes, 36,103 channels, 3,734 BTC. (source: https://amboss.space/ )
I've run my own node on a rpi 5 for years with zero losses.
BTCPay's August bug leaked LND credentials, an app bug, not the protocol.
I mean it's not like AI swept half of LN liquidity, couple of high profile BTCPay server runners got hit. You don't have to have giant ass channels either you can be a leaf node w/ small balance in it.
Monero people dismiss LN outright but currently it's (relatively) one of the most private ways to use BTC. Not that anybody have to use it. LN still seems to lead the most volume version of what's being tried here, the payment attached posting mechanism, both over on Stacker and Nostr.
I'd argue if one still really likes BTC and wants to use it, LN is the most Monero way to use BTC. There's BTC silent payment stuff, but last I checked there were very limited wallet support for it.
I'm glad you also have problems with UX, haha. I gave a talk about the challenges of a non-custodial lightning app at bitcoin++ in Berlin last year if you're interested: https://www.youtube.com/watch?v=xne_iK1I8yc
Naturally, I have to ask: why? I’m aware it has many issues, which also makes me curious which of those issues were the most important to you, haha
🥂
I like the 12-words as a signup option! Would also love to see the source code at some point. If I were you, I would be worried about losing momentum by not allowing contributors to join early. It's the most exciting phase in a project where everything still seems possible, and attention is scarce and fleeting. 👀