I wanted to use a BIP-85 child seed with a lightning wallet (which naturally also supports on-chain) and apparently it wasn't possible. I tried with Aqua and with Phoenix, but they both state that you can only restore a wallet with seeds generated from that same wallet... What's up with that? It kind of defeats the purpose of having only one seed to rule them all.
Is this a limitation on all lightning wallets? Does anyone know of a wallet where it is possible to do it?
Thanks in advance.
Phoenix just wants to be sure you don't use a seed with them and also other wallets. You can use a BIP85 wallet just fine, just don't use it elsewhere.
what happen if I use elsewhere?
Phoenix is heavily integrated with ACINQ's node where other wallets are not. Having other transactions happen or channels being opened or activity that it's not expecting to see would break things, I imagine.
Consider your LN wallet as your regular pockets.
That's stupid. Spread your stash in multiple wallets, with multiple UTXOs, on 3 levels: vaults, cache, spending. BIP85 is for something else, not for LN wallets.
Read more here:
https://darth-coin.github.io/beginner/be-your-own-bank-en.html
noted