0 sats \ 2 replies \ @LibreLoya 19 Feb 2022 \ parent \ on: "Okay So Your Bank Account Is Frozen" Starter Pack bitcoin
It's a step up for sure.
I still worry about:
- Their centralized lightning node being taken down
- Their submarine swap service being taken down
- Doxxing dissidents by seizing the logs about user metadata and user transactions (necessary for operating a centralized lightning node)
When the lightning node or swap service goes down, you should be able to recover using the open source tool, no?
I agree with the last point - there is a risk with them being able to log user metadata.
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Depends on when was the latest submarine swap. Usually happens after doing a big tx where they can take fees to do that.
Best case scenario only 1% of funds haven't been swapped yet. Worse case scenario 100% of funds haven't been swapped yet.
Temporary trust is still trust.
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