<oembed><type>rich</type><version>1.0</version><title>jb55 wrote</title><author_name>jb55 (npub1xt…vkk5s)</author_name><author_url>https://yabu.me/npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>Running lightning nodes is too complicated for 99% of people&#xA;&#xA;To do non-custodial lightning on your phone it needs to be online when you receive the payment and requires an initial onchain tx to receive.&#xA;&#xA;This is terrible ux, so you are forced to use custodial solutions like wallet of satoshi, and privacy is terrible.&#xA;&#xA;fedimint is a third option: the mint can provide a lightning address for receiving and sending out zaps even when you’re offline. This is private, temporary custody.&#xA;&#xA;When the phone comes online it can choose to sweep fedimint funds into its non-custodial phone wallet (a future non-custodial ⚡️ wallet in damus as an example). In the UI this would be simplified as your custodied and non-custodied balanced summed to your total balance. &#xA;&#xA;Damus’ fedimint would be federated with other guardians such as mutiny, so I can’t unilaterally rug the custodied balance. This is implemented as a multisig bitcoin wallet behind the scenes.&#xA;&#xA;The use case is killing non-private lightning custodians who can unilaterally rug you. nostr:note12yd075f9un56nlmmh6dk6ehxnatjg5kf35wcevx8rwa8kstzt5rqkv8n9m</html></oembed>