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Phœnix wallet charges a 0,4% fee not 1%. And is incredibly easy to use for anyone with a bit of good faith. Much faster than Liquid / LN swaps. Only thing slightly better but not much better, is privacy on the swap wallets compare to Phoenix, at least as long a bolt12 in not generalized. https://fountain.fm/episode/5xQaCLEV1vrs0m3SbVTg 📝 4a099fe3…

💬 12 replies

Replies (12)

idsera2d ago

I like @c6e230a2…8aa68083, very good Lightning Wallet. Excellent UI/UX.

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Louferlou1d ago

Yes but it’s using Spark so no privacy and the trust model is worst than Phoenix in term of custody right now.

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idsera1d ago

Spark has the same privacy of Phoenix on Lightning. Phoenix can see all your lightning transactions. Spark operators too. Trust model in Spark is very trust minimized, I doubt someone will ever have a problem with it.

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Louferlou19h ago

Hum Phoenix already support bolt12 and blinded path so the privacy is slightly better on Phoenix, doesn’t do address reuse, and use taproot channels to even mask that it’s lightning to an exterior eye. The trust model seems much better on Phoenix also. There is no case where the LSP can collude with anyone to steal your funds. If they try to cheat you punish them and take their funds, before they go bankrupt. Phoenix seems far superior on all issues except for the ease of use maybe.

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idsera19h ago

As I understand, Phoenix use only their LSP, so the LSP can see all transactions. Let's be honest, I doubt all Spark operators would cheat to steal money of someone, would kill the project that they created. Doesn't make any sense.

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idsera19h ago

As Spark operators can see all transactions, Phoenix can too. Same thing.

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Louferlou11h ago

Phoenix can’t see all your transactions precisely. If you pay a bolt12 (not widely supported yet sadly) offer they can’t tell if the node they are paying is the final node of the payment or an intermediary node. So for the bolt12 part it’s better. As long as Spark doesn’t supports bolt12, Phoenix will have a small advantage in term of privacy.

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paxchristi10h ago

I recently had an agent configure phoenix server for lighting payments for itself, then had to setup two LNmail addresses for itself, it did everything including making payments for the addresses all by itself, and it was relatively painless. It was a very pleasing experience.

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idsera7h ago

Understood, thanks. I'm sure Spark will add Bolt12 too.

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paxchristi6h ago

Didn’t realise it had bolt 12 actually thanks for that! Presumably if the server is behind a VPN that helps right? They know x is paying y (non bolt 12 receiver) but they don’t know who y is if they’re they are running phoenix behind VPN?

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Louferlou3h ago

I seriously doubt that. Or it will be through a fork of the Spark protocol. They are not preoccupied by the pricacy part at all IMO. Let's see how it goes.

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