> seed and derivation path

That's what I mean with "backups".

> part of the protocol

Part of which protocol? It's bunch of BIPs, Bitcoin Core doesn't implement most of them, for example.

kristapsk

And, for example, if you lose onchain wallet data and it's backups, you will never be able to spend that onchain bitcoin.

No, you only need the seed and derivation path that is part of the protocol, the lightning state is not.

bitcoin_beginners

We need to drain OTC desks. They are turning BTC into paper

037bedfa93

> And, for example, if you lose onchain wallet data and it's backups, you will never be able to spend that onchain bitcoin.

No, you only need the seed and derivation path that is part of the protocol, the lightning state is not.