Oneofus on Nostr: Custodial #Bitcoin Lightning wallet providers can engage in rug pulls and implement a ...

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)