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Another good test. What happens if Megalith LSP goes down or disappears?
I can tell you exactly what happens --- several other 100% compatible LSPs are available -- Olympus, among others. A user takes 5 minutes to switch LSPs, and that's that.
What happens when the Breez API or the Spark API goes down?
Your users are fucked! Your system is totally centralized, so it's not only not private, but it's not fault-tolerant at all!
0 sats \ 13 replies \ @roy 3 Nov
No, they will switch to a different sub network or native Lightning.
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How would a user switch from LightSpark's API to native lightning? By withdrawing their funds and putting it back on the Lightning Network, right?
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0 sats \ 11 replies \ @roy 3 Nov
Same when an LSP goes down...
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Can you show me where in your code a user who has been hooked up to the Spark API could easily switch to using an LSP or another open standard with decentralized participants?
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0 sats \ 9 replies \ @roy 3 Nov
We have partners bundling Liquid and Spark in their apps. You just need one on-chain transaction to switch between them (https://github.com/breez/spark-sdk/blob/87b856a97b4b94cf2c1d7960aa7dca3dce62e121/crates/spark/src/services/unilateral_exit.rs#L59). Same would be to move to Arkade, LDK, etc.
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This is what you mean by "self-custody"... right? That it's possible to withdraw funds from the Breez API? How does that differ from Coinbase? Coinbase also allows me to withdraw from their centralized service.
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0 sats \ 0 replies \ @roy 3 Nov
It's unilateral exit. You don't need their permission to exit to the chain.
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But, no option to use a decentralized network like the LSP standard? Only centralized services are possible with the Breez SDK? After inventing the LSP standard, what caused you to, 5 years later -- simply not support any decentralized, open standard?
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0 sats \ 5 replies \ @roy 3 Nov
We are supporting it in the LDK SDK... We just had to switch from Greenlight to LDK. You can see here for example: https://github.com/breez/breez-sdk-greenlight/commit/9024160e09436df4ced56bdbae42b245c7feac2d
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Strange that all of your recent marketing is pushing the centralized, non-private solutions like Spark to the front. Why is that? Do you make more money if users are locked into Breez and LightSpark, without outside competition?