I'm planning to experiment with something like this:
1. Buy lighting from exchange, Relai or Pocket Bitcoin, weekly dollar cost averaging
2. Peg in to Liquid, using side deal, after each buy, keep in Green wallet
3. Keep it in Liquid up to a more significant amount, perhaps after 6 or 8 weekly buys
4. Peg out from liquid to on-chain cold wallet
What do you think?
Replies (3)
That's what we created the Liquid swaps for 😁
Think this is the way forward for minimizing fees. Stack through LN, build stack on Liquid (using 2/2 multisig in Green), then peg out to base chain in a large UTXO.
Eventually these layer swaps will be built directly into wallets and won't require having to bounce around so much.
Similar to LN but you don't get instant payments with liquid. Also not many people/businesses accept it.
I like the idea of using liquid for smaller "change" on chain. For example if a phone costs 950k sats, I spend a 1m UTXO & peg out the 50k sat change.
Repeat and after many times you can consolidate & peg back into on chain.
I guess you could do the same with LN too
