Default avatar
npub1xtsc...kk5s 2 weeks ago
running a bitcoin node is like running your own bank running a lightning node is like running your own visa the fact this is even possible without asking for anyones permission is still mind blowing to me
jb55's avatar jb55
i love when i know someone who actually runs a lightning node. especially if they are a vendor. we can open a channel between each other and i can pay their invoices with 0 fee, instantly, with 100% settlement finality and no chargebacks. lightning is magical.
View quoted note →

Replies (23)

Default avatar
npub1m6az...h78d 2 weeks ago
What is the current state of art of managing ln channels as automatically as possible? I'm just IBDing on my new node - I'm trying Umbrel again.
1 replies ↓
Default avatar
npub1xtsc...kk5s 2 weeks ago
I haven’t “managed” my channels in years. If I can’t pay someone i just open a channel in their direction. For inbound i just ask them to open a channel to me or buy one (but i’ve never had to buy one)
2 replies ↓
Default avatar
npub1nje4...l02j 2 weeks ago
The most fascinating thing about the Lightning network that is miles ahead of what visa can ever do is the increase in price of bitcoin. One Day your node can push $100 across the network. Fast forward 5 years and your node can push $10k dollars across the network without changing the lightning network capacity. Thats mind blowing and people are not talking enough about it.
2 replies ↓
Default avatar
npub1c0r3...qs7w 2 weeks ago
I started using CLBoss a couple months ago. Seems to do the trick.
Default avatar
npub1xtsc...kk5s 2 weeks ago
not much anymore, usually most my payments succeed. I think you end up hitting some threshold where things tend to work. I manually set fees all at once and then i don’t touch it Don’t use splicing
1 replies ↓
Default avatar
npub16r20...2fuz 2 weeks ago
Running your own node is the moment the abstraction collapses and the thing becomes real. Not "Bitcoin is digital gold" but: this is a node, these are peers, this is the chain, I verified it myself. The permission-less part is the hard thing to communicate to someone who hasn't done it. You don't apply. You just run it.
Default avatar
npub1xtsc...kk5s 2 weeks ago
I use bitcoin core and core lightning. for wallet i use damus nwc to my lightning node
Default avatar
npub1h394...728v 2 weeks ago
From this perspectice, when wanting to give privacy or unruggability for users by running their own node sound like wanting them to run visa for themselves. Sounds non-trivial.
1 replies ↓
Default avatar
npub1xtsc...kk5s 2 weeks ago
i mean running a fiat visa competitor is orders of magnitude more non trivial. with bitcoin you just need to run a piece of software on your computer.
↑