started a second lightning node. expanding in progress. stay tuned⚡️⚡️⚡️

I created a telegram family group. added lightningtipbot. funded the group with sats. Installed lightningtipbots for my family members. especially my nephews love it. did i create a circular economy?🤯

That spam made my day. 🤔 Spam may be the wrong word. Payment sounds better.

well you could use lower fees now to open at least one or two lightning channels just in case…🤓

Half-Life is the best video game ever. Get it for free and take back the good old times🤩

Franchise - Half-Life

Franchise - Half-Life

😋 #foodstr

The S-curve adoption for Bitcoin refers to the pattern of how new technologies gain acceptance over time. In simple terms, it starts slow, accelerates as more people adopt it, and eventually levels off. ⚡️. **Introduction (Slow Start):** Initially, only a few tech-savvy individuals know about and use Bitcoin. ⚡️. **Early Adoption (Acceleration):** As awareness spreads, more people start using Bitcoin, causing a rapid increase in adoption. ⚡️. **Mass Adoption (Peak):** The technology reaches its peak adoption as a large number of people and businesses embrace it. ⚡️. **Saturation (Leveling Off):** Eventually, the adoption levels off as most potential users have already adopted the technology. Think of it like a roller coaster: slow climb, fast drop, and then a gradual leveling off. This pattern is common for many innovations, including cryptocurrencies like Bitcoin. Where do you think are we?

S curve adoption incoming🤣

#bitcoin #lightning basics: HTLC stands for Hash Time Locked Contract, and it's a concept used in the Lightning Network and other blockchain payment systems. Here's a simple explanation: 1. **Hash:** Imagine you have a secret code or a puzzle (hash). This is known only to the sender and receiver. 2. **Time Locked:** There's a time limit set for the puzzle to be solved. If it's not solved within a specified time, the transaction won't go through. 3. **Contract:** It's like a digital agreement. The sender puts funds into this agreement, and they can only be released if the receiver solves the puzzle within the given time. So, in practical terms, when you want to send money using HTLC: - You create a puzzle (hash). - You set a time limit for the receiver to solve the puzzle. - You lock the funds into this time-locked, puzzle-protected contract. The receiver, to claim the funds: - Solves the puzzle within the given time. - The contract unlocks, and they get the funds. If the receiver can't solve the puzzle in time, the funds go back to the sender. This mechanism helps in secure and conditional payments, making it a key feature in enabling fast and secure transactions, especially in off-chain solutions like the Lightning Network.

Earning some sats for routing is not a yield on #bitcoin because you hold your keys. People will learn that in a few years and will exit their bitcoin etf positions. They will self custody.

Here are some tips for Bitcoin Lightning Node operators: 1. Understand the Basics: Before setting up a Lightning node, ensure you have a good understanding of how the Lightning Network and Bitcoin work. 2. Choose the Right Software: There are various Lightning implementations to choose from, such as LND, c-lightning, and Eclair. Research and select the one that suits your needs. 3. Security is Key: Keep your node and private keys secure. Use strong and unique passwords. 4. Channel Management: Properly manage your payment channels. Ensure you have enough liquidity to route payments effectively. Use tools like lndg. 5. Monitor Your Node: Regularly check the status of your node, channel balances, and network activity. @ZEUS is great for managing your node on the go. Ride the lightning and lndg are my preferred desktop tools. 6. Backup Your Data: Regularly back up your channel data and wallet. This will protect your funds in case of any issues. 7. Stay Updated: Keep your node software up to date to benefit from the latest improvements and security patches. 8. Choose Peers Wisely: When opening channels, choose well-connected and reputable peers to ensure better routing capabilities. Check out amboss.space and #nodestrich to find good routing peers. 9. Routing Fees: Set routing fees that are competitive but not excessive. Experiment to find the right fee structure for your node. Don‘t be afraid to set fees to 0 to push out liquidity. 10. Learn About Channel Management: Understand concepts like channel rebalancing and fee management to optimize your node's performance. 11. Promote Privacy: Consider using a Tor connection for added privacy and security. Even better: Use Tunnelsats for private clearnet connections. 12. Join the Community: Engage with the Lightning Network community to learn from others and stay informed about the latest developments. Remember that running a Lightning node can be both rewarding and challenging, so continuous learning and vigilance are essential.

If you consider hosting your own #lightningnode here is a simple hardware and Software suggestion for absolute beginners: # Windows Setup - thinclient with 8gb ram and intel 6500t >around 130€ https://www.ebay.de/itm/155453987196?mkcid=16&mkevt=1&mkrid=707-127634-2357-0&ssspo=kyuuednfrei&sssrc=4429486&ssuid=grs0HN18Q-q&var=&widget_ver=artemis&media=COPY - crucial 1tb ssd sata >around 60€ https://amzn.eu/d/eEoBWRu Install Windows (get your code from ebay 5€ or so) Install Oracle VM. Create a VM with 850Gb. (so 150Gb for Windows) Download Ubuntu 22.04 Server image. Start your VM and install ubuntu. Super easy. Install Umbrel. (check it out on their Homepage) Install Bitcoin Core and LND. Fund your Node. Open channel to some good routing Nodes. It is not complicated 🧡

we are front running the next fiat high inflation phase

Maybe you should do some utxo management and set up a small lightning node with some channels during the next low fee phase, whenever this will be💁‍♂️ wild just wild