Migrated my WoS balance to Mutiny \ stacker news ~bitcoin

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4282 sats \ 17 comments \ @gd 17 Jan bitcoin

For a while I've held a WoS balance as— what I would class as— "a piping-hot lightning wallet". For me WoS has been the highest level of custody that I was willing to hold around 1 million sats on. Should I have any issues with my lightning node (routing, connection, etc), or the price of 0-conf fees spiked (Muun issues), or I want to demo lightning without doxing my lightning balance— WoS has been my go to.

I've known about Mutiny for a while, since @TonyGiorgio was posting the hackathon progress back in 2022. I got access to the Beta in July 2023 and had a click around, but I'm always skeptical transferring any BTC in to new wallets (from the days of copying and pasting 31pNM... from web pages and hoping it was the right destination).

I decided at the weekend it was time to give Mutiny a try.

In order to hedge the browser storage risk, I generated a new seed using my HWW and BIP-85, then imported it in to Mutiny, so no need to write it down.

I'm really impressed by the experience so far— it feels like one of the most solid Bitcoin software products I've used recently. I think the choice of WebAssembly to enable the privacy and self-custody experience is a total zinger, especially with BDK + LDK.

Looking forward to continuing my Mutiny journey, and happy to now hold <100k sats with custodians.

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134 sats \ 7 replies \ @TonyGiorgio 17 Jan

Love this, appreciate that! All feedback would be very helpful.

121 sats \ 4 replies \ @gd OP 18 Jan

One tiny thing that would have made me more willing to make my first transfer in would be a fee estimate on this info message.

https://m.stacker.news/12830

0 sats \ 3 replies \ @TonyGiorgio 18 Jan

I can see that. It's hard because it's based on amount and we won't know until the next screen which shows the fee at the top in a similar warning box.

0 sats \ 2 replies \ @gd OP 18 Jan

Yeah, the message on the next screen was great– it may be an idea to delete this one?

It’s a very minor thing, but might help deposit conversion.

121 sats \ 1 reply \ @TonyGiorgio 18 Jan

Good point. On one hand we want to be transparent that a fee might occur (if sent in via LN, we just submitted a change to this text) but on the other hand, since we display on it on the next screen, it should not be a surprise.

Although early on, despite the warning text here being much bigger previously and the warning on the next page as well, there was still quite a few users that were surprised a fee was charged. We haven't heard anyone surprised by it in a long time though, so maybe removing it from this page would help clean this up a bit.

0 sats \ 0 replies \ @ACYK 18 Jan

https://m.stacker.news/12888

Mentioning in this pop up that the fee will be calculated on the next page would be useful info. I remember being a bit confused by this my first time through before realizing it was calculated on the next page.

0 sats \ 1 reply \ @9 18 Jan

Can you get force closures using this?

0 sats \ 0 replies \ @TonyGiorgio 18 Jan

It's self custodial lightning, so yes.

20 sats \ 0 replies \ @c137Heather 18 Jan

And you can self host it on a Start9 Server!

500 sats \ 3 replies \ @anon 18 Jan

If you do not run your own Mutiny node and wallet backend then you just migrate from one custodial domain to another... (aka app.mutinywallet.com).

So I do not see where is that "self-custody" experience.

100 sats \ 2 replies \ @gd OP 18 Jan

I hold the keys. No one else holds the keys.

0 sats \ 1 reply \ @anon 20 Jan

I wonder if you will say the same when the domain / server mutinywallet.com get busted or as happened before, devs will decide to censor your use of that wallet.

0 sats \ 0 replies \ @gd OP 20 Jan

Sure, I'll import my key to another wallet and sweep my funds.

0 sats \ 1 reply \ @cryotosensei 18 Jan

Cool! Do we need to provide liquidity to facilitate channel opening?

0 sats \ 0 replies \ @gd OP 18 Jan

Yes, I paid ~25k sats when transferring my balance across and it automatically opened a 1M sat channel

0 sats \ 0 replies \ @BlokchainB 18 Jan

Nicely done ✅

0 sats \ 0 replies \ @grayruby 17 Jan

Thanks for sharing.