Oddbean new post about | logout
 I'm not saying one is necessarily less trustworthy than the other. I'm saying that it is hypocritical to tell people not to use custodial lightning because it might get rugged, and then tell them to use cashu instead. In both cases, they are only as trustworthy as the person(s) who holds the keys to the nodes that hold the bitcoin. Cashu has valid uses, but self-custody is not one of them unless you are the node/mint operator.