Oddbean new post about login | logout You forgot the part about losing 10-50% of all your zaps in fees to Zeus. And losing thousands of more sats in channel opens as you need more liquidity to receive new payments because you didn't know to open a large enough channel initially. Plus the force close fees that you will definitely encounter.
Good point to remember. But isn‘t that the case for any (non-custodial) wallet? Fees are everywhere and with @ZEUS you at least have a clear information about them. Plus, they clearly state in their documentation that the initial transfer should be > 100k sats. Custodial wallets probably don‘t levy such fees because they can sell your info/data and, anyway, they have your sats 😉
This is the crux of the issue - Doing away with trust in light of verifiability comes at a cost, currently - I consider all my sats precious enough to pay that cost to, in turn, better safeguard my sats. Not all will agree, many just might!
I have run fully self custodial lightning before with a node at home, my own domain for lightning address, etc. Let me put it this way, I risk lose FAR fewer sats in custody on a custodial wallet than you risk in fees and channel open/closures. Experimenting with self-custody lightning is absolutely recommended. But you will lose a lot of sats and you will cause other users to lose a lot of sats by recommending they use ZeusPay for receiving zaps on nostr.
No longer recommending the zeuspay ln address - Unfortunately incurrs high fees. Have a look at non-custodial bridge servers instead, under https://lightningaddress.com/#providers
This post is for those genuinely interested in residing under LN as 2nd layer, with self-custody. Any completely new users I'd probably have them look at ecash instead. With this current setup, I pay at most 1 sat for zaps. A zap of over 1300 cost me 3 sats when going through Olympus. Indeed, it's not perfect but personally I think it's worth the self-custody. As mentioned in the post, anyone is free to open a channel to any other LSP if they choose to do so - Olympus is just built-in, it's easy, and gets people going. This is more of a prelude to ecash which I'm looking to write a post on soon, which does away (for the most part) with the limitations of liquidity and fees.
The fees on zaps I mentioned are for receiving zaps. https://image.nostr.build/c0ad4d035ed7ad09a443df5aaf4827eb89eeb43114b744eff96455fc1b56fb0b.jpg
Not that I can see. I don't have a single received zap with fees that I can see. https://image.nostr.build/572063025eba0f004f0055ffdfba1770a69d09624edac42667a1941e89711540.jpg
Expired requests were from some testing. Going further down, as said initially, can't see a single reception with fees.
You're not even using a ZeusPay LN address. Most people who will Zeus on nostr the way you described in your OP will use a ZeusPay address set up within the Zeus app using their Olympus LSP and will incur those fees. https://image.nostr.build/5a0c51f8e93dbfabcfd6cc1982ccabda3a61750b3e20c4c272156df746811975.jpg
You're absolutely right, my bad - Just tested with the proper zeuspay address. Will add a comment to all.
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