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47 sats \ 3 replies \ @OT 1 Dec \ on: How Bitcoin Scales w/o Forks: the Lightning, Liquid, On-Chain Triangle bitcoin
I like this throughput for people that are interested in learning more about bitcoin. But for your scenario I would simply use Wallet of Satoshi. It's quick to setup and cheap. It just works.
I understand its not ideal and you want them to start off on the right foot in holding your own keys etc. I think swaps need more competition to bring the fees down. Liquid and LN swaps done in the background don't work well for small zaps. Custodial LN does and it gets noobs interested too.
I am using a Cashu mint for small amounts of sats on Blitz Wallet and it works.
I have zapped Stacker News using it with just a QR code... logged in and not and it still works?
Some apps and developers cannot legally have custodial control of others peoples money even sats. No of course it's silly but in some places it's the law. Cashu and Fedi can claim non-custodial ownership... while beginners can use them and hold their own keys.
It's easy to have a few sats (like 500 or 1000, 50 cents or maybe a dollar today) and then use them on Blitz to converse on Stacker News. 1000 sats is enough to post A LOT on Stacker News and it's not a lot to use in most places in the world where people are saving in Bitcoin anyway.
Wallet of Satoshi isn't available in the United States the world's largest capital market... and unless Trump changes things i don't know if they can come back.
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I like cashu.me buy the problem is tge page for receiving ecash or lightning. This will confuse noobs and you'll have to spend 10 minutes explaining the difference.
Another custodial web wallet that you could use is coinos.io. It's also a little confusing as it has all the options like onchain, LN, liquid and ecash.
I don't like that Wallet of Satoshi has the best UX and user experience, but it does (for now).
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There are definitely some good custodial solutions. Even an exchange's Lightning can be a good custodial solution too for some.
But the community is always looking for 'non-custodial solutions' that reduce the 'concentration risk' and work more or less out of the box. That's why I wrote the above article (out of the box with emphasis of course)
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