Oddbean new post about | logout
 So Mutiny was just a fucking rug pull after all? 
 #memestr, someone get on it. The template''s waiting. Im just lazy right now😂
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 Isn’t Mutiny non-custodial? Why would it be a rug pull if you can still withdraw your funds? 
 I can’t 
 Damn, I’m sorry… I hope it can be fixed. I don’t think the Mutiny’s team aimed to rug pull users though. It’s another example of how dysfunctional #Lightning is… Not being able to withdraw funds from a non-custodial wallet is deceptive marketing though… 
 Thanks. No problem. Just annoying;) 
 It is non-custodial but you have to be a hacker and run some own shit at home or something. Maybe a LN node or something. Don‘t really know tbh. I want that stuff to work. And they just stopped working. Well, I guess they gave „notice“. But that didn’t reach me. Anyway, luckily it was just a few thousand sats, but still annoying. 
 So because you don't understand how it works and how to extract your sats it's their fault? Businesses come and go, people have other goals in life - it's not your decision to make and besides, they announced their demise way in advance by the end of the year. 
Deal with it and stop bitching and spreading bullshit.  
 Maybe Mutiny was transparent about it but if not they should have made it clear that you’re at risk of loosing your funds in this scenario if you can’t run your own node. 
 Nobody is going to lose their sats. Their wallet can still be used, they only stopped developing the mobile and desktop app. If you use neither you wouldn't even realize they're out of business. 
 I'm pissed off because everyone and their grandmother was hyping Mutiny and a few months later it's like "oh sorry, too bad if you don't spend your whole life on social media and miss when we announce that what we actually built was horse shit and now go fuck yourself".
But yeah, theoretically I can spend the time I don't have because I've got a wife and kid figuring out how this shit works and getting my sats back. Great product 👍🏽 
 I beleive Mutiny Wallet integrated Fediment, a kind of custodial lightning web of trust, for ease of onboarding.

If I had to guess, the issue might be related to this.

I was looking into self-hosting Mutiny and saw that Fediment was going to be the only option I could implement, and I ran in the other direction.

 
 Glad I never decided to try it out. Had a force close on breez amid the insane fees earlier in the year, then Phoenix jumped ship. If any nonsense happens with Zues, Im done with lightning forever. Really not worth all the headaches. And I can only imagine what the noderunners have to deal with 
 So, what you are saying is Roger Ver was right after all? 
 If he said lightning sucks I have to agree. Cant say Im completely  familiar with the name 
 Oh, a completely new rabbit hole then… he was called Bitcoin Jesus in the early days and was in the bigger blocks side in the blocksize war. Big advocate for Bitcoin Cash. 
 Ok I've heard that moniker before. I never really spent time on all the history to be honest. I just was more interested in how it actually works before I jumped in. I honestly dont even understand what the block wars was all about or the pro/cons of each side. Was before my time in so never really thought it something that mattered to me. Cant change the past, so F it ya know😁 
 It’s important to know what happened during the blocksize wars in case we’re ever in a contested fork situation again. It also shows the resilience that bitcoin has even if faced with an existential risk that a large part of the community embraces. Worth familiarizing yourself for sure. 
 Yea good point. 
 A friendly one.. 😅 
 🤣 
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