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waxwing /
npub1vad…nuu7
2023-09-30 14:26:14

waxwing on Nostr: Phoenix has become the go-to wallet for me and many others. The new splicing feature ...

Phoenix has become the go-to wallet for me and many others. The new splicing feature makes things a lot easier to manage, but i am a little concerned that 'only one channel ever' may result in a much bigger privacy risk.

Lightning as-is does have better sender privacy than receiver privacy, but, in this one channel model, if a snooper finds it once, they'll unambiguously (pre-taproot) be able to keep track of it through splices.

The more basic point is not dependent on splicing: Phoenix being your only channel counterparty is another big privacy tradeoff.
Author Public Key
npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7