Oddbean new post about | logout
 And I see many clueless noobs nowadays very excited about running their "mobile LN node with Mutiny"... when in fact they are not far from using same old WoS...

Mutiny wallet default on mutinywallet.com domain. 
That means:
- you own the LN node keys, yes
- you can manage your own LN channels, yes
- but you DO NOT own that domain.

If that domain goes busted (and can be any time), your funds CANNOT be accessed anymore.

https://m.primal.net/IAuj.jpg 

I suggest to everybody that use Mutiny to review very seriously their setup and run their own Mutiny server.
I really do not understand why we do not see any Mutiny dev and many other influencers encouraging the users doing so!

Here you have the documentation:
https://stacker.news/items/453267

Or run it with Start9 (is already in their app store)
Alternative guide here:
https://www.tftc.io/self-hosting-mutiny-wallet/ 
 Damn good point 
 Mutiny? No.
nostr:nevent1qqsyjacj8phn0vv6v32gkeupt5y5w3t2x5gl6vvkw5phmkpy0u7ntrcprdmhxue69uhhyetvv9ujumn0wd68yctnwdjhguewvdhk6q3qlxktpvp5cnq3wl5ctu2x88e30mc0ahh8v47qvzc5dmneqqjrzlkqxpqqqqqqzlxjswm 
 Valid point sir, thanks for the motivation.  
 This has always been my issue with Mutiny. Points of centralization quickly become Single Points of Failure in the fight between Bitcoin and Fiat. A Tor-only version would be a good first step to avoid complete and sudden shutdown. 
 Good point!

I had some forced closes with Mutiny so might revisit down the track. 
 That is something else.
Mutiny as a whole, LN node is OK, works pretty well for such a new app. I have nothing against it.
I use it and also I installed my own server, testing stuff.

The only thing I want to raise is this aspect:
- Users are not well informed about the risks running the default settings. A simple warning in the app is NOT enough. The dumb normal user will just hit the next button and go away.
- lack of documentation about running your own server and such and is not easy, even if you do it.
- promoted everywhere as self-custodial, when in fact is not by DEFAULT

This is just a warning for regular users. 
 thanks for the share. 
 If you do not run these services on YOUR OWN SERVER, Mutiny is not different than WoS.
YOU HAVE BEEN WARNED

https://m.primal.net/IBJc.jpg  
 Can they rug your sats in a LN channel? 
 Not really, but if the default domain where resides goes buisted, you cannot access anymore your channels. 
 ooh, did not know I could run this on my Start9 node, thanks!

nostr:note1f9m3ywr0x7ce5ez53dnczhgfgazk5dg3l5cevagr0hvzgleaxk8sdqer33