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57 sats \ 5 replies \ @DarthCoin 24 Oct \ on: Self custody strategies for small volunteer orgs with rotating staff? bitcoin
Be their LN bank. Tools that you can use easily with sub-accounts
- LNbits
- Lightning.Pub
- Alby Hub
Multisig with elders = recipe for getting rekt, they don't know where they put their car keys and you want them to use multisig? hahahaha
Be their LN bank.
Do you have an article on this idea?
I think adoption might be lower if we start with lightning instead of on-chain, since on-chain is easier for most people to understand
But an even bigger problem is knowledge transfer. When I roll off a leadership position, someone else is going to need the knowledge to take over. But I guess they can be trained.
Multisig with elders = recipe for getting rekt, they don't know where they put their car keys and you want them to use multisig? hahahaha
This is a legitimate concern. Though elders =/= elderly (elder is almost just a term for board member, and most of the elders are in their 40s/50s). But I think lost keys would be a significant risk.
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Do you have an article on this idea?
This is an advanced guide, but you can simplify it just with running an alby Hub or Lightning.Pub. Super easy to install and manage. Not even need to be a public node.
Alby Hub and Lightning Pub works perfectly fine on any simple PC. Not even need to open ports etc. Buy some channels liquidity and done. Once you fill up the channels, swap out using any swap service. Alby Hub already have integrated swaps.
Make some sub-accounts and connect their phones apps with NWC to that node. Done. No complications.
Client Apps you could use with NWC: Alby Go, Shock Wallet, Zeus and some others.
But I guess they can be trained.
yes, take the younger and smarter one and train it.
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Question right there, is Rizful an alternative for those kind of projects? Also seems very easy to run
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Nope. Rizful yes is easy, but is custodial and do not offer a way to create sub-accounts.
OP wants to have like a LN bank, not just a node, offering some wallets to its users, but somebody knowledgeable to be in control.
Rizful is good for something else:
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