Thread

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How do you prefer to use/pay with Bitcoin: + onchain wallet + own lightning wallet + spark based wallet + ark based wallet + custodial wallet zaps if you share more details on your preferences.

Replies (24)

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onchain or LN depends on the value of the tx. but in a normal situation let's say its LN, my order now is 1)Spark 2)Custodial 3)own. 1)because it's convinient, also has onchain and have some control over funds 2) convenience for small amounts it's ok. 3)Phoenix mostly, it's almost as good as 1 or 2 but you still have to manage liquidity, be online to receive, and in high fees already had some problems depositing via onchain.
I use Alby hub on my own start9 for lightning. I also have Aqua as a backup. I like Aqua for the sole purpose of, if I convince someone new to use Bitcoin for small payments at least it's non custodial and they don't have to worry about channel management since it's Liquid.
↩ replying to bumi
Spark is a trap from Marcus Family and should be treated very seriously as an enemy of Bitcoin, no matter how much they like to pretend to be bitcoiners. They're not. Read more and pay attention here (is long but worth reading): https://unlimitedhangout.com/2024/10/investigative-series/the-chain-of-command-how-facebooks-libra-bank-regulators-and-paypal-built-a-new-world-currency/ Ark is just a joke. Ark will always depend on LN to get out from ASP, using a swap channel, so again will be "gates" from ASP that can easily be KYCed and controlled. So come the question: if I need anyways a LN channel why would I enter into an ASP ? Ark is just a scam for poor and clueless newbies. image @npub1xvtw...64sa explain it very well here:
Stacker News
Fake L2 scams like Ark, Spark, Citrea, Drivechains, and others are Shitcoins 2.0 \ stacker news ~bitcoin
There's a new wave of Lightning FUD hitting the wires, but that's noise. What no one else is talking about is the signal. Reality is that Lightning...
On-chain for savings or larger payments that are not very time-sensative. Liquid L-BTC atomic-swapped with lightning for meidum-sized, time-sensative payments. Custodial lightning via Cashu for smaller-sized, time-sensative payments. * @BULLBITCOIN.COM wallet is my current go-to for moving funds between the 3 modes.