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Topic: Liberated: LoyceV's Legendary Little Lightning Loans - page 7. (Read 4885 times)

asu
legendary
Activity: 1302
Merit: 1136
Most of the delay was caused by me, the transaction itself took only seconds.

Yesterday, I deposited some shitcoin to an exchange, and I was reminded how long it takes to get a few confirmations. Most of the time I'm not waiting for a result from a transaction, but when I do, an hour is just annoying.
Despite a few hiccups, I have high hopes for LN, and so far this topic has introduced a few people to testing it Smiley

Yeah, It’ll really depends now from the sender on how it will takes.

At first I actually have in my mind on how LN works because its a little bit the same to coins.ph who mostly filipinos use bitcoin wallet. But it only works to coins.ph user to coins.ph user transact without broadcasting their transaction on blockchain, instant, and no transaction fee at all.

More likely the same on how LN works based from my understanding.
(Loyce channel —> sent 10,000 sats —> Asu channel)
- Small Fee
- Instant
- Without broadcasting their transaction on blockchain.

Am I right? or I’ve missing something that I don’t know on LN Cheesy

Anyways, I’m ready to pay my Little Lightning Loan Loyce Smiley

legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Does Eclair have the time that you can set the expiration max to 6 hours?
Yes: 10 minutes, 1 hour or 6 hours.

Quote
That’s fast though. Just get used to waiting more than 50 minutes using blockchain transaction, pretty impressive.
Most of the delay was caused by me, the transaction itself took only seconds.

Yesterday, I deposited some shitcoin to an exchange, and I was reminded how long it takes to get a few confirmations. Most of the time I'm not waiting for a result from a transaction, but when I do, an hour is just annoying.
Despite a few hiccups, I have high hopes for LN, and so far this topic has introduced a few people to testing it Smiley
asu
legendary
Activity: 1302
Merit: 1136
I can't find it in Bluewallet either.
So they don’t have that feature.

Does Eclair have the time that you can set the expiration max to 6 hours? Don’t know because of I don’t have Android phone.

Little Lightning Loan sent! I used Bluewallet and paid a whopping 30 sat fee.
Received.

That’s fast though. Just get used to waiting more than 50 minutes using blockchain transaction, pretty impressive.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Can’t find how to set the expiration, is it because i’m using Bluewallet mobile (ios) and they don’t have that feature?
I can't find it in Bluewallet either.

Quote
Lighting Invoice:
lnbc100u1pw5j8y5pp5khsk5thauy3m8743kze4e9yvyhxpgkrmm890u84tza8fq2ekwvgsdqqcqzpg 574z7haetsufd756m3zgm8fcnkvzvfqna7strmsjre3v0574vpf43g9xff4cd0f74y8xhk9567tfq3z d694900czz8hcujsu89yelkcqvr2puu
Little Lightning Loan sent! I used Bluewallet and paid a whopping 30 sat fee.
asu
legendary
Activity: 1302
Merit: 1136
I just created this payment request 1min. ago Cheesy

Can’t find how to set the expiration, is it because i’m using Bluewallet mobile (ios) and they don’t have that feature?

Lighting Invoice:
lnbc100u1pw5j8y5pp5khsk5thauy3m8743kze4e9yvyhxpgkrmm890u84tza8fq2ekwvgsdqqcqzpg 574z7haetsufd756m3zgm8fcnkvzvfqna7strmsjre3v0574vpf43g9xff4cd0f74y8xhk9567tfq3z d694900czz8hcujsu89yelkcqvr2puu

legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
@asu: I'm online now Smiley If possible, set the expiration to 6 hours (it's currently set to 1 hour). Eclair Wallet allows this.
One hour or less is great for merchants with automated systems to reduce the risk of volatility, but it's terrible for human interaction online.
asu
legendary
Activity: 1302
Merit: 1136
Let’s try it again a newly fresh one

Lightning Invoice:
lnbc100u1pw53rr2pp5kjekmgeu9dmducyj3rpsxgfv25xwlepf3hyyzgrmqx86vvuyfnusdqqcqzpg zzn33qfmm5wmznkhawsxst2rw0u2h7vd9lu7ymh3nje8gv25fqzzqqypedsxw93608wx2qf54nsxksc vn2wu4xtx0dplt5jryvzhkjqqc0k5m3 Expired waiting for you to online and make a new one again.

legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Lightning Invoice:
lnbc100u1pw5sg97pp56zjvwk06kzfylj8krnpypgkdpq406ajq0dtsh39749rpjk0j3uasdqqcqzpg lzgtjqufdwqqygfq8kdygyxp63sueqcydayuz7v0gf7gy6a85g0ks9mp2fk0ka2026fc0e4cyamfk8x q2uxq8aay5ps23w2jdvljl8cp605ql8
It expired already Sad And my funding transaction is still unconfirmed anyway, fees went up right after I broadcasted it.
Try again in a bit?
asu
legendary
Activity: 1302
Merit: 1136
Testing purpose Loyce Smiley

Learning more a bit on how it works.

Lightning Invoice:
lnbc100u1pw5sg97pp56zjvwk06kzfylj8krnpypgkdpq406ajq0dtsh39749rpjk0j3uasdqqcqzpg lzgtjqufdwqqygfq8kdygyxp63sueqcydayuz7v0gf7gy6a85g0ks9mp2fk0ka2026fc0e4cyamfk8x q2uxq8aay5ps23w2jdvljl8cp605ql8
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
I've funded my LN-wallet again (confirmation shouldn't take long at 1 sat/byte), so this service to test the Lightning Network with a Little Lightning Loan is available again.

Since fees are currently so low, Eclair allowed me to transfer almost all funds out of the channel. The current channel balance on my side is just over 3000 sat only!
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Hopefully this time there won't be as much trouble:
Can I postpone this for about a week and a half? I'm currently out of LN-balance, and it's almost Family Road Trip time Smiley
legendary
Activity: 3696
Merit: 2219
💲🏎️💨🚓
Hopefully this time there won't be as much trouble:

Code:
lnbc1pwndjw7pp5lnanrpzag9fuvdnk0lc8lhpsr6ekm3nchhwgdkucvnrna33dnd4qdqqxqrrssrzjqgxf94caleraf8fj9mkezqry0puh8hledsz688t45awharen46k5cz8ndgqqshqqqqqqqqlgqqqqqeqqjqrzjqw8ldmplk5kz8u029u6ph4lemkyewe3cqagwfn5vw6l39cg7r0u6zz8ndgqqsnqqqqqqqqlgqqqqqeqqjqrzjqtnug2hzj5kh5ufe3c34xk6nllrqm6exnt9u0sgrqlnt09aerv08jz8djyqqtucqqqqqqqlgqqqqqeqqjqf9jph7ldq5xz25hz8fcc0huzxkpmyxdprpq6hvsdfrkmnnr364dsdkfxdtszklxkk2an9gt3akg2vvswexnjhy79qqka4dxlc60sasqpjr27n8
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Hi I'm interested in this
Considering your Newbie and Trust status, I'm willing to give 50% of the normal Little Lightning Loan amount. Please post a payment request.
copper member
Activity: 51
Merit: 0
Sorry I didn't explain myself properly - what I meant was (in Eclair) I can both receive and send on the block-chain by scanning the wallet address as easily as I can send or receive a lightning network transaction by scanning the relevant details.  IE I can do both LN and BC (Block Chain) with the one app, so Eclair ticks all the boxes which I wouldn't have even considered had you not started your Lightning Loans, so Kudos.
You're welcome Smiley Experimenting with the Lightning Network is of course the main purpose of this topic, and loans with 100 satoshi interest are only meant to demonstrate the potential of LN Smiley

That being said, I'm not trusting Eclair with any significant amounts, as I have no way of knowing how secure it is.

Hi I'm interested in this
legendary
Activity: 1876
Merit: 3139
That being said, I'm not trusting Eclair with any significant amounts, as I have no way of knowing how secure it is.

You should be fine as long as you set up backups to Google Drive. They are automatically encrypted. Mobile wallets can be considered more secure than dedicated nodes since they are not reachable at all times (funds are not stored in a hot wallet). As for the timelocks, I have already explained them here.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Sorry I didn't explain myself properly - what I meant was (in Eclair) I can both receive and send on the block-chain by scanning the wallet address as easily as I can send or receive a lightning network transaction by scanning the relevant details.  IE I can do both LN and BC (Block Chain) with the one app, so Eclair ticks all the boxes which I wouldn't have even considered had you not started your Lightning Loans, so Kudos.
You're welcome Smiley Experimenting with the Lightning Network is of course the main purpose of this topic, and loans with 100 satoshi interest are only meant to demonstrate the potential of LN Smiley

That being said, I'm not trusting Eclair with any significant amounts, as I have no way of knowing how secure it is.
legendary
Activity: 3696
Merit: 2219
💲🏎️💨🚓

Quote
I've also discovered if you scan a wallet address you can send and receive via either the block chain or the lightning network
I highly doubt that. You can use the same button to scan either a LN request or a Bitcoin address, but you can't send a LN payment directly to an addy.


Sorry I didn't explain myself properly - what I meant was (in Eclair) I can both receive and send on the block-chain by scanning the wallet address as easily as I can send or receive a lightning network transaction by scanning the relevant details.  IE I can do both LN and BC (Block Chain) with the one app, so Eclair ticks all the boxes which I wouldn't have even considered had you not started your Lightning Loans, so Kudos.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
Apparently it's paid already before I can even get back to this thread.   Shocked  (hash 3287111acc399....)
Received! The only weird thing is that the label ("pay back") disappeared when you paid it.

Quote
I've also discovered if you scan a wallet address you can send and receive via either the block chain or the lightning network
I highly doubt that. You can use the same button to scan either a LN request or a Bitcoin address, but you can't send a LN payment directly to an addy.

Quote
Edit - are you wanting to share your node address to boost your channels list?
I'm not running a node.

Quote
I'm pretty certain Eclair doesn't run in the background.
Your payment arrived with Eclair in the background, but a few days back an on-chain payment only arrived when I opened the app. I think it's an Android setting, Android keeps closing apps that consume battery in the background (I installed Eclair on a tablet).
legendary
Activity: 3696
Merit: 2219
💲🏎️💨🚓
I'll continue my experiences with Eclair Wallet here: A couple of days ago, I made a 1 sat/byte transaction with Eclair. It now has 60+ confirmations, but Eclair still says it's unconfirmed. In Settings > Network Infor, I clicked "RESET NETWORK DATABASE", and now it's okay again.



Did you want to try sending me a loan repayment link please?
This request for 0.101 mBTC  is  valid for 6 hours:
Code:
lnbc101u1pwjnxlxpp5x2r3zxkv8xgrm5u8rgyc7l27yd437ay925nmseldyyer2nddj00sdqdwpshjgrzv93kkxqr4rqrzjqwryaup9lh50kkranzgcdnn2fgvx390wgj5jd07rwr3vxeje0glc7zxwl5qq04qqqqqqqqlgqqqqqeqqjq5cyl7nlnx3lt26s8j85hhss9v9gmscjg8hymt6kt49p2szt336szh442a95ewuzuqc5nxncwcx88792cv8mg7u6dyag9nldst0jkycgpluet68
However, Eclair is still reloading it's Lightning Network settings. This takes a while, so I'm not sure if this payment request works already.

Apparently it's paid already before I can even get back to this thread.   Shocked  (hash 3287111acc399....)

I've also discovered if you scan a wallet address you can send and receive via either the block chain or the lightning network, so Eclair has a home on my mobile device from now on.

Grin

Edit - are you wanting to share your node address to boost your channels list?

2nd edit:

Maybe Eclair didn't keep running in the background, I'll keep the screen on for a while. Try again?

I'm pretty certain Eclair doesn't run in the background.
legendary
Activity: 3290
Merit: 16489
Thick-Skinned Gang Leader and Golden Feather 2021
I'll continue my experiences with Eclair Wallet here: A couple of days ago, I made a 1 sat/byte transaction with Eclair. It now has 60+ confirmations, but Eclair still says it's unconfirmed. In Settings > Network Infor, I clicked "RESET NETWORK DATABASE", and now it's okay again.



Did you want to try sending me a loan repayment link please?
This request for 0.101 mBTC  is  valid for 6 hours:
Code:
lnbc101u1pwjnxlxpp5x2r3zxkv8xgrm5u8rgyc7l27yd437ay925nmseldyyer2nddj00sdqdwpshjgrzv93kkxqr4rqrzjqwryaup9lh50kkranzgcdnn2fgvx390wgj5jd07rwr3vxeje0glc7zxwl5qq04qqqqqqqqlgqqqqqeqqjq5cyl7nlnx3lt26s8j85hhss9v9gmscjg8hymt6kt49p2szt336szh442a95ewuzuqc5nxncwcx88792cv8mg7u6dyag9nldst0jkycgpluet68
However, Eclair is still reloading it's Lightning Network settings. This takes a while, so I'm not sure if this payment request works already.
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