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.
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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