Alby has recently updated its limits, and it's important that you are aware of them, as it may impact your campaign:
  • Invoice limits: 500,000 sats ($214) is the limit to the amount you can receive per transaction.
  • Volume: 5,000,000 sats ($2,140) is the limit for incoming and outgoing transactions each over a rolling window of 7 days.
  • Balance: 1,000,000 sats ($428) is the new maximum balance your account can hold at any one time.
Any thoughts?
It's good not to hold too much sats on your LN wallets and Alby approach is very agreeable to me
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Should you be holding more than a 1 million sats custodially though is the question? Lets not put LSPs in the position where they become custodians and single points of failure for large somes of money, use it as training wheels, use it for easy set up but if you want to have serious money on LN, then its time to get serious and run your own instance
Even LSPs like Green light where you hold your keys are capping at 4million sats
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i lke this one
Balance: 1,000,000 sats ($428) is the new maximum balance your account can hold at any one time.
Forcing people to transfer to a custodial wallet
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You mean to a non-custodial wallet
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yes, my bad. thanks !
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I wonder if switching to the terms "self-custodial/non self-custodial" would be useful.
I always have to think twice about this.
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Yeah, same here. There is always a custodian. I like self-custodial.
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self-custodial is better term
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i think both terms are actually bad since every wallet is custodial. the only question is who holds the keys (= the custodian)
i think @fiatjaf mentioned this once somewhere and it blew my mind a little, lol
maybe just use "real wallet" (you hold your own funds) vs "fake wallet" (you don't hold your own funds)? lol
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Not to be that guy, but I interviewed the co-founder of Alby yesterday and limits came up a couple times: https://podverse.fm/episode/3r_dQQHxt
The limits seem to differ based on account age (not positive about that). And sounds like they have some plans to make a self-custody wallet or make that process even better.
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And what limits does SN have, if any?
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500k sats as a "soft limit": this means you can have more in your wallet but only via zaps from other stackers. you can't reach more than 500k sats in your wallet via deposits
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Any thoughts?
Probably a liquidity issue..
We believe in empowering our users, and that's why we encourage you to run your own node for higher transaction amounts. Curious about running your own lightning node? We're more than happy to assist you with the setup. Our goal is to support you every step of the way...
Either that or KYC laws
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true... but annoying to manage. What's your strategy?
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yes they do
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Nothing
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