Oddbean

“Do you really believe that bitcoiners are using custodial nostr apps only because the interactive push payments?” Yes, absolutely. When we started out over here, lots of people were using non-custodial but trying to explain to people how to receive payments was frustrating, and you couldn’t just post an address and have it work. Even most of the people who were using non-custodial ended up switching over to get a Lightning address, myself included. I watched it migrate in real time. The inability to post an “address” and receive a zap was THE reason the overwhelming majority went custodial.

Mutiny had other problems mostly because it was a browser based wallet and was always on the struggle bus, Phoenix and Breez (and those I’ve used with Breez SDK) have worked fantastically. Phoenix was better than basically any of the custodial options I used. Would have never switched away or even used anything different had Lightning address not been an issue, and then of course them leaving the US App Store so I can’t recommend them anymore.

That doesn’t make sense to me because it seems custodial lightning was preferred by plebs even *before* nostr existed and even *now* when there is no need for offline receipt. Like in El Salvador or Costa Rica, for everyday retail payments. Last I saw, WOS and Bitcoin Beach / Blink, were preferred before nostr, and probably still are. For your argument to be correct, I would expect to see widespread and growing self-custodial lightning usage in those communities. Am I wrong about that? You might be right that the early nostr adopters were all using self-custodial lightning, but surely you’d agree that is not a representative sample of plebs. As nostr grew, it was probably destined to become mostly custodial because of the existing preference of plebs. I don’t know what percentage of lightning usage is custodial but I’ll bet that by almost any metric it will be custodial by a large and growing margin. Maybe this is unpopular, but my current thesis is that self-custodial lightning will become used only by federations, exchanges, and other custodians. We, the plebs, will all migrate to ecash, presumably to large geo-federations when they exist. I’m just guessing here, but that’s the trend I see right now.

“That doesn’t make sense to me because it seems custodial lightning was preferred by plebs even *before* nostr existed and even *now* when there is no need for offline receipt. Like in El Salvador or Costa Rica, for everyday retail payments. Last I saw, WOS and Bitcoin Beach / Blink, were preferred before nostr, and probably still are. For your argument to be correct, I would expect to see widespread and growing self-custodial lightning usage in those communities.” You aren’t listening or I’m not explaining precisely enough: I didn’t say non-custodial was generally more popular, then it suddenly wasn’t. I said **bitcoiners who wanted to use non-custodial** and *who even tried* for some time, couldn’t do it because of the inability to receive while offline and the inability to have a compatible static address without a web server. And yes, that was a real thing. Like I said, even I am using custodial for zap receives because of this.