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21 sats \ 2 replies \ @022fbc9cef 5 Mar 2023 \ on: How to make use of LND Accounts to secure your personal spending wallet bitcoin
Great stuff! How does this compare to using something like LndHub?
When using self-hosted LndHub (Bluewallet Lightning) app on Umbrel, the thing that confuses me most is that:
- The payments made by users are mixed up with my node's payments (and I can't see which is which).
- The balance held by users is added to my balance and I can't see how much should be reserved for users.
- There is overall no user/wallet management, so I cannot see how many people created their Bluewallet wallets with my node.
I guess LND Accounts have user management, but does this solve 1. and 2. as well?
Compared to LNDHub, the main benefit is that the accounts are secured with Macaroons, meaning they can be further attenuated or delegated. There's not much being done with that at the moment, but imagine you could further restrict your account and hand access to it to others, for example to Stacker News, but limit it to only receiving, or only spending 1000 sats per day.
In LND Accounts you only solve 1. and 2. if you also use an account for yourself. Then you only see your own balance increase when you receive, and you can always sum up everyone's balance to make sure you aren't running a fractional reserve. But that could be done in LNDHub too
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Thanks, good idea about running my own account separately.
I guess that would work even if I combined LND Accounts and LNDHub, right?
For example:
I have a total of 1,000,000 sats on the node. A friend has 100,000 sats on the node in his LNDHub wallet. So then I create a new LND Account with a separate macaroon with a starting balance of 900,000 and then only track my balance on that separate account.
So if my friend received another 100,000 and my nodes balance goes up to 1,100,000, I will still see 900,000 on my LND Account.
Is this correct?
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