Using a custodial #Lightning address?
#Custodial addresses are often run by custodial lightning services.
Such services will soon, if they aren't already, be under regulatory scrutiny, and soon enough, capture.
Your #sats aren't safe.
Don't have the know-how to get a self-custodial lightning address? Don't have the time/will? That's fine.
Install the #Zeus LN node on your phone!
1) In 2 taps, Install app
2) In 3 taps, easily start running your own Lightning node on your phone
3) In 3 taps, open a channel to Olympus (Zeus' LSP, integrated in the app) or any other LSP of your choice.
4) In 3 taps, get your own Zeus LN self-custodial Lightning address. Link to your #nostr npub, or a randomly generated one.
5) Open app once every 24 hours to redeem zaps (otherwise gets returned to sender).
Now #ECB can't fuck with you.
No one can.
In case you have a node but dont want to run another service I run https://lnaddress.me/
Nice!
Looking to run an LNAddress server soon as well.
Is the "open every 24h" only for sats sent to LN address, or all payments received?
Would be also interested in the answer ;)
Only for sats sent to LN address!
Can someone please explain to me the differences between Zeus and Phoenix for this type of scenario? Or do I have a flaw in my thinking?
And is my Zeus "node in my phone" online 247 such that I can get zapped?
Phoenix doesn't have lightning addresses and the LSP is run by acinq in france
Zeus gives you a little more control, by allowing you to create channels and connect to any LSP - This allows you to setup the amount of liquidity you want within that channel. It's online 24/7 (there's an option to fully run in the background, or "catch-up" when it opens. Payments are always received, just the LNAddress payments need to be redeemed by opening the app).
Phoenix to my knowledge connects solely to ACINQ as an LSP.
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.
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.
Another alternative is a Ghost Address ( https://ghst.to ), which doesn't charge a fee, is unlikely to be regulated, pays directly to self-custody, and works as long as you're running Thunderhub.
A couple tradeoffs: it's trusted, it makes node accounting a bit strange, it doesn't work if you have competing HTLC interceptor services running.
Interestingly, tried setting this one up and couldn't. I've got thunderhub and everytime I try to setup a Ghost address with the built-in option it goes to login to Amboss and errors out. I'm able to login to Amboss seperately.
Agreed it would also be an option, probably better as Zeuspay charges a fee.
Definitely join us in the support chat on telegram and we can get you sorted.
Oddbean new post about login | logout 
