Mash (getmash.com) would also be an easy + advanced way to add lightning to experiences – integrated lightning wallet into apps + sites and paid-for-experience web-components.
At the current state there are strong similarities in terms of the other beginner apps you mentioned w/ interoperable send/receive, no lock-in which is why I asked – it's meant to use for small amounts to spend only. Interested in hearing more on your perspective.
I am not totally against using a custodial LN wallet, for certain amount and use. But when I see that in order to use BTC/LN I have to give up user, names, IDs etc... that is not anymore a good use of BTC/LN, we are going into a slippery slope. Be aware!
As you can see, is mentioned as being ONLY a onchain wallet. In this guide I covered only LN wallets. I personally tested once Nunchuck and just to see what is about. After that I uninstall it. Not useful for me.
I think that this is an excelent resource, very honest and detailed. The only aspect I do not agree with you on is the amount of Sats to open channels. Isee 1 Sat = 1 USD in my mind so opening a 1 Million Sats channel is, in my honest opinion, perfectly acceptable. People will be transferring in the order of 10-2000 Sats and salaries will be around 3000 Sats one day.
Opening small channels have a higher cost that you can imagine. Each opening and closing will cost you a miner fee and even that now are low, soon will be very expensive.
You open a channel to transact on it for long time, not to close it. More space you have = more txs you can do in time.
Do the math: opening 10 channels of 10k sats or 1-2 channels of 5-10M sats ? What are the costs of opening and closing these. Also take in consideration the commit_fee that can vary.
Excellent information again, second guide completed and I feel like I am been mentored in each paragraph, it is a bless to have you share your knowledge with us, I definitely look forward to continue sharing knowledge both ways before that day comes when we need to retire and rest, let's keep it going and take control of our time, make sure we are the ones coordinating what we do and what we read, learn, thank you so very much again and I will move to the next article I am really interested about, LNbits and how to use LN as a Bank example. ^^/
Mash (getmash.com) would also be an easy + advanced way to add lightning to experiences – integrated lightning wallet into apps + sites and paid-for-experience web-components.
Sorry this getmash is just a crap custodial account in a "crypto" bank, is not a real wallet. stop using these bullshit apps.
Appreciate the perspective. It is moving to a model like this to support all levels – full invoice coordination across protocols with external nodes on both sides – https://www.loom.com/share/5c7214171e7f4626b72a7e3b519c84ba
At the current state there are strong similarities in terms of the other beginner apps you mentioned w/ interoperable send/receive, no lock-in which is why I asked – it's meant to use for small amounts to spend only. Interested in hearing more on your perspective.
I am not totally against using a custodial LN wallet, for certain amount and use. But when I see that in order to use BTC/LN I have to give up user, names, IDs etc... that is not anymore a good use of BTC/LN, we are going into a slippery slope. Be aware!
100% agree. Appreciate what you do, and no holds approach.
Yo Darth, Nunchuk is neither privacy nor security focused.
No verifiable source for clients.
No tor.
False marketing for nearly half a year about e2ee.
How private ? How sec? Please check.
Don't trust, verify.
As you can see, is mentioned as being ONLY a onchain wallet. In this guide I covered only LN wallets. I personally tested once Nunchuck and just to see what is about. After that I uninstall it. Not useful for me.
I think that this is an excelent resource, very honest and detailed. The only aspect I do not agree with you on is the amount of Sats to open channels. Isee 1 Sat = 1 USD in my mind so opening a 1 Million Sats channel is, in my honest opinion, perfectly acceptable. People will be transferring in the order of 10-2000 Sats and salaries will be around 3000 Sats one day.
Opening small channels have a higher cost that you can imagine. Each opening and closing will cost you a miner fee and even that now are low, soon will be very expensive.
You open a channel to transact on it for long time, not to close it. More space you have = more txs you can do in time.
Do the math: opening 10 channels of 10k sats or 1-2 channels of 5-10M sats ? What are the costs of opening and closing these. Also take in consideration the commit_fee that can vary.
Read more here:
https://bitcoin.stackexchange.com/questions/89232/why-is-my-spendable-msat-much-lower-than-msatoshi-to-us/89235#89235
https://old.reddit.com/r/lightningnetwork/comments/cjtbjt/question_regarding_commit_fee/
Excellent information again, second guide completed and I feel like I am been mentored in each paragraph, it is a bless to have you share your knowledge with us, I definitely look forward to continue sharing knowledge both ways before that day comes when we need to retire and rest, let's keep it going and take control of our time, make sure we are the ones coordinating what we do and what we read, learn, thank you so very much again and I will move to the next article I am really interested about, LNbits and how to use LN as a Bank example. ^^/