Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 18/12/2023, 20:25:48 UTC
I use Breez and Phoenix, but only on the phone, and because they are mostly considered as self-custodial solutions.

I rejected Muun because it had a lot of issues regarding not really being a lighting wallet and requiring too many on-chain interfaces.. So I am not a technical person either, but there was a period in which Muun was non-functional due to how it was processing lighting transactions in non-lighting kinds of ways. 

I also had an issue with Breez recently in which my channel was forced closed.  I discuss that here, and I have still not refunded my breez wallet.

About a year and a half ago, I had done some posts on the topic of my exploring of lightning network wallets, and I cannot find those posts, but I recall that I had referenced this website comparing lightning network wallets
Thanks Jay, I will look into the apps you mention. It's when you want to make a small payment, that you appreciate the importance of LN (or whatever similar comes next). Paying $30 in fees for a $100 transaction is just ridiculous...

Of course, I agree that we should be attempting to try to use various BTC-related resources prior to diverting into shitcoins, and yeah, sometimes we might have fiat-related payment systems that we can use, also.

I have not had a lot of opportunities to use lighting network systems, but I do look out for such opportunities and also try to encourage anyone who is brave ought to also try to find various lightning network systems, and sure there are also differences between third-party custodial systems, and some of the variations of self-custody, in which that Darthcoin lightning wallet review website (the link I already provided) categorizes the wallets in ways that might also be helpful so some of us who have similar ideas about getting used to trying to use (and finding transactional partners to use) lighting network wallets.

Regarding the small transactions, that is also what I have been trying to do in terms of transactions of less than a couple hundred dollars, but there might also be some higher amount transactions that might be cheaper and more convenient to use a lightning network wallet.. but there could also be some questions about how much value that any of us might want to keep on a lightning network wallet, so for example if we recharge up to $1,500 or so, and then maybe we use it 10 or more times for transaction values that average $100 each, but then if it starts to get below $500 or maybe $200, then we recharge it again.. so sure, there could be various ways to think about how to use these kinds of wallets that will make more sense if we are actually finding others who are also able to transact with their lightning network wallets.  Sometimes in the past, some of the "give-aways" which you have received coins in that way, and I have both received and declined some of coins in that context, have resulted in incentives to interact, but also could serve as incentives for some of us to set up lightning network wallets, if the rewards might ONLY be payable through a lightning network wallet address..