Rabbit Hole Recap

Rabbit Hole Recap #262: CBDC Precursor FedNow Launches

Jul 20, 2023
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INSIGHT

Splicing Unlocks Single Balance Lightning Wallets

  • Splicing allows channel capacity updates without full close-and-open cycles, enabling single-balance UX in wallets.
  • Phoenix's Android deployment uses splicing to keep funds on-chain at rest while supporting lightning send/receive.
INSIGHT

Phoenix Reduces UX Pain At A Trust Cost

  • Phoenix's model centralizes channels to their node which eases UX but introduces trust tradeoffs.
  • That tradeoff reduces user channel clutter and can lower failed payments while requiring transparency on the trusted model.
ANECDOTE

Mutiny Public Beta Launch Sparks Debate

  • Mutiny Wallet public beta launched and was promoted widely; 1031 disclosed an investment stake.
  • Marty notes marketing noise (Fluffy Pony critique) but emphasizes Mutiny's clear messaging as a spending wallet.
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