11 sats \ 1 reply \ @arrowdrive 27 Apr 2022 \ parent \ on: š I'm Ben with the BTC Sessions. AMA! bitcoin
Hey Ben, big fan of the show.
I just want to point out that Iām not a fan of Muun wallet for a couple reasons.
- Itās not really a lightning wallet, all funds are on-chain and it just interacts with the LN via submarine swaps. This gets expensive and isnāt sustainable.
- Because the submarine swaps are expensive they extort fees from people who send funds to users running Muun wallets. Every payment to a Muun wallet routes through their node magnetron which charges insane fees of 1500 ppm or more. This also makes it incompatible for receiving funds from some services like RoboSats who refuse to send payments at a loss.
- Since itās not an LN wallet, it doesnāt have a node public key and as such canāt use LNURL-auth to log into websites like SN.
- It sucks for on-chain too since it lacks even basic coin control and uses nonstandard backup methods. You also canāt connect it through your own node. Bad for privacy.
I think itās much better to use separate wallets for LN and on-chain, and hopefully on-chain will be used less and less for mobile on the go transactions as LN grows. BlueWallet is my go to mobile wallet for on-chain because it provides all the basic features I consider necessary.
As for LN wallets, my favorite one right now is Blixt Wallet. It runs a full LND node on your phone and allows you to open channels to any other node in the network, which is great for censorship resistance, redundancy and privacy. Itās also easy to get inbound liquidity if needed with the Dunder LSP which will automatically open an inbound channel toward you if it detects you donāt have enough inbound liquidity to receive an invoice.
I wish I could bookmark/link to share this comment. š
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