Nostr'a Katılın
2026-07-16 05:24:40 CEST
in reply to

Analogue Dog on Nostr: ...

Because of custodial regulation all Lightning wallets are migrating to use Spark, which claims to be noncustodial.

But Spark is a central server that sees everything, can block anything and whose claims of "unilateral exit" are at best vastly oversold: https://xcancel.com/francispouliot_/status/2075284584489439668 (see how even at 1sat/vb and a small amount of users -- meaning small transaction trees -- you already lose 10% of your money, at 5sat/vb you lose 40% and so on).

In fact the situation is only getting worse. Before we had a dozen of different custodians spreaded throughout the globe, soon it will be a single proto-custodian controlled by a US corporation.