Choice in favor of Muun \ stacker news ~bitcoin

1507 sats \ 42 comments \ @bitcoinMoon 11 Jun 2023 bitcoin

Hi. Among the large number of wallets for Bitcoin, I stopped at Muun. Gave up on Ledger and got a little more peace of mind. Had a chance to test: everything works great. I think the company will not go anywhere and I will not have to restore the wallet through a special utility. Muun is on https://github.com/muun and supports lightning. These are two reasons, the two main arguments in favor of this wallet. I think I made the right choice. Can anyone tell me who did the audit, that is, the Muun check and whether it was done at all. Maybe it can be seen somewhere. Unfortunately, I can't figure this part out.

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1714 sats \ 2 replies \ @TonyGiorgio 12 Jun 2023

https://i.postimg.cc/c4tSWC39/Muun-others.jpg

110 sats \ 0 replies \ @DarthCoin 12 Jun 2023

https://i.postimg.cc/mZPXNh4x/MUUN-horse-car.jpg

https://i.postimg.cc/L8L3QZC7/muun-abomination.jpg

0 sats \ 0 replies \ @bitcoinMoon OP 12 Jun 2023

Clearly. Explains everything very well ))

290 sats \ 15 replies \ @ek 11 Jun 2023

it's not a lightning wallet though

77 sats \ 4 replies \ @bitcoinMoon OP 11 Jun 2023

Yes, but it works great with Lightning. At least he gets any amount of sat. Haven't tried sending yet.

121 sats \ 1 reply \ @petertodd 12 Jun 2023

Dude, like, half the functionality of a wallet is sending funds.

If you haven't tried sending, you've barely tried the wallet at all.

150 sats \ 0 replies \ @bitcoinMoon OP 12 Jun 2023

Already tried. Everything works: both several sats and larger transactions. But given the comments on this thread, I won't be using this cryptocurrency wallet.

171 sats \ 0 replies \ @scottathan 11 Jun 2023

Sending can break down in high onchain fee environments bc of how many submarine swaps Muun does

10 sats \ 0 replies \ @nullama 12 Jun 2023

It cannot be used for many things that lightning is used, like login for example.

0 sats \ 9 replies \ @Believe 12 Jun 2023

Then which one?

10 sats \ 8 replies \ @ek 12 Jun 2023

I use Phoenix

0 sats \ 6 replies \ @Believe 12 Jun 2023

How about WoS?

0 sats \ 5 replies \ @ek 12 Jun 2023

WoS is custodial so not comparable to Muun or Phoenix imo

WoS also doesn't support LNURL-auth like Muun (you can't login with Lightning on SN) even though they said they want to at some point.

0 sats \ 4 replies \ @bitcoinMoon OP 12 Jun 2023

In this case, Satoshi Wallet is better

0 sats \ 3 replies \ @ek 12 Jun 2023

Why? In which case?

0 sats \ 2 replies \ @bitcoinMoon OP 12 Jun 2023

He is also a custodial. Easy to use, convenient, understandable

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0 sats \ 0 replies \ @bitcoinMoon OP 12 Jun 2023

Heard but not used

30 sats \ 0 replies \ @WeAreAllSatoshi 12 Jun 2023

Lol, did darth’s sabbatical begin already? Where’s the Padawan?

2 sats \ 1 reply \ @TSW 11 Jun 2023

Blockstream Green is a cool wallet which will add Lightning in the near future as well. Personally I don’t like Muun as it doesn’t use standard BIP39 recovery.

I set up other people with BlueWallet for long term storage until they dropped custodial Lightning which is a bummer.

10 sats \ 0 replies \ @bitcoinMoon OP 12 Jun 2023

I will test non-standard recovery of the wallet through the utility. When I conduct the test, I will definitely write about it. To be honest, I don't really like him either. There are serious doubts about the relevance of its use.

0 sats \ 0 replies \ @mrtali 12 Jun 2023

I couldn't pay any built for two months man. Run away.

0 sats \ 0 replies \ @Lux 12 Jun 2023

Muun is regarded as Ordinals

0 sats \ 1 reply \ @SpaceHodler 12 Jun 2023

Does Muun (the company) have access to your keys? In other words, can they rug you? Or do they only store an encryption key for your actual private key?

0 sats \ 0 replies \ @bitcoinMoon OP 12 Jun 2023

I am also interested in the answers to these questions. And if they can fuck the user, then why leave links from fairly authoritative resources to this wallet and the like. For people to lose money and talk about scams, ponzi schemes ... From all the comments, I concluded that this wallet is not suitable, there are big doubts about it

0 sats \ 1 reply \ @DarthCoin 12 Jun 2023

Please take 10 min from your time and read these aspects about Muun before having an "opinion". https://darthcoin.substack.com/p/lightning-wallets-comparison#footnote-1-49446128

0 sats \ 0 replies \ @bitcoinMoon OP 12 Jun 2023

Wow, great and helpful article. We go empirically, by trial and error

0 sats \ 0 replies \ @Monotone 12 Jun 2023

I would refrain from using this wallet. First, it is not a real LN wallet. It uses subarine swaps for onchain-LN exchanges.

Second, it uses its own method of wallet recovery, instead of the seed-phrase standard.

Third, when the commissions on Bitcoin in mempool went up a lot in May because of shitcoins, Muun ran into problems click

0 sats \ 0 replies \ @muteness11 12 Jun 2023

Muun has very very high fees on LN and I stopped using it (even deleted the app)

0 sats \ 0 replies \ @OriginalSize 12 Jun 2023

Depends on how much value you're storing. Muun might be ok for what you'd keep in your back pocket. For more, I'd be less concerned about mobile or lightning and go with Bitcoin Core or Electrum on Linux. For long-term and significant amounts of your yearly income, a hardware solution with multisig starts to make sense (Trezor, Coldcard, or Blockstream). To go with your software/hardware be sure to invest in educating yourself as the value of your savings grow.

0 sats \ 10 replies \ @iguano 11 Jun 2023

You mean using muun as long term storage ?

0 sats \ 9 replies \ @bitcoinMoon OP 11 Jun 2023

Yes, for the long term

0 sats \ 0 replies \ @CoSatoshi 12 Jun 2023

For long term I'd recommend a hardware wallet (but not Ledger). Any software-based wallet has increased risk of theft. Then integrating multi-sig + a hardware device seems like the safest option (though I've never used it; next on the list of things to learn).

0 sats \ 7 replies \ @iguano 11 Jun 2023

Do you know how the recovery kit works in case muun disappear from the world tomorrow ?

94 sats \ 6 replies \ @bitcoinMoon OP 11 Jun 2023

I read, of course. I'm planning to do some testing. To do this, I will create a new wallet (test), and then try to restore it through the utility

0 sats \ 5 replies \ @iguano 11 Jun 2023

Good idea, try to make an article here of how it goes for you. I tried before and is a pain in the ass.

BTW, you are the owner of your wealth I’m not here to convince you to change your plans, but not sure if muun is the best for that purpose. Did you try a trezor ?

0 sats \ 0 replies \ @nullama 12 Jun 2023

I tried before and is a pain in the ass.

It's extremely simple though: https://github.com/muun/recovery

0 sats \ 3 replies \ @bitcoinMoon OP 11 Jun 2023

I will test and write. No, I have not tried Trezor. And now I don't want to buy it. I'm looking for an alternative, free. By the way, I was browsing on Reddit. for some reason, there is also a distrust of Muun . This is completely incomprehensible to me. The wallet is comfortable. ok, I'll look into it further :)

0 sats \ 2 replies \ @iguano 11 Jun 2023

Well they are not completely transparent of what is happening with your funds on chain when you use lightning, I know they keep you funds on chain but some time after an extensive use of lightning you can have a different amount on chain and what the wallet itself is reporting , I guess they keep a little room for small incoming transactions but like and that can be alright for a hot wallet but for a long term wallet there are other better options. Coin control is something yo consider if you like privacy.