One could argue that Phoenix is the most decentralized Bitcoin Lightning wallet there is, running it's own lightning node in your pocket. But how can Liquidity be added if network fees were extremely high or if I specifially was "sanctioned" by a governement or by Acinq/Phoenix.
(Mostly looking for BTC maxi views but posting here for free discussion)
How fragile is Liquidity on Phoenix wallet?
byu/Plenty_Dog_5684 inbtc
Posted by Plenty_Dog_5684
1 Comment
AFAIK you do not run your own node with phoenix wallet but instead rely on their node while you are still able to recover funds if their node vanishes.
>But how can Liquidity be added if network fees were extremely high or if I specifially was “sanctioned” by a governement or by Acinq/Phoenix.
You can’t and this is why LN is fundamentally flawed and mostly used custodial. It was the red herring to allow them to cripple Bitcoin.
USE BCH🟢