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Topic: Lightning Network Observer (Read 13674 times)

legendary
Activity: 3766
Merit: 5146
Whimsical Pants
September 30, 2024, 07:42:34 PM
I came here to see how the thread was going...  Franky is still going...

I have decided (again I think) to switch fully to CL.  I find it to be the better running software.

02977d1f5235b37ed63497e6bc3c165e4e70583eea6d967d0fff8cddc96286e7bc

in case anyone wants to grant me some inbound Wink

https://nosta.me/nprofile1qqsqt9ezt8kxs05cg08p97hxemw6qmn9qck0kq28n832h4ft9yet4esuezmaa
legendary
Activity: 3304
Merit: 8633
Crypto Swap Exchange
September 02, 2024, 12:57:32 PM
the core lightning version 24.08 has been released today and with it a few new features, which are of course very impressive...
what exactly has been released under this version can be seen in the following two links:

https://blog.blockstream.com/core-lightning-v24-08-steel-backed-up-channels/
https://github.com/ElementsProject/lightning/releases/tag/v24.08

legendary
Activity: 4270
Merit: 4534
July 25, 2024, 11:49:43 AM
so the latest advert is ... dont buy bitcoin, dont hold actual bitcoin.. instead sell bitcoin for $$ and then spend $$ to get 1 sat locked to someone elses utxo pegged on LN, unsettled and not yet yours.. and pretend its many $$

hmm.. ill stay away from scams, thanks

remember folks, if its on LN and your not the creator of the locked utxo (channel funder/the perceived value owed to you), its not actually yours

LN value in htlc are like zero confirms where mining pools dont even have it in their mempools to even confirm into a block
#NotYourCoin

be careful what your giving up to be later promised but not guaranteed to get

Trust model in LN is different than bitcoin, for sure.
This doesn’t mean there is no value in using it.
Like you don’t carry all your financial wealth in your wallet, it doesn’t mean having a couple of hundreds worth of value in sour wallet is nonsense.

think of it more like bitcoin is a debit card account holding your actual value... and LN is a credit card giving you inbound credit not yet settled, where they can cancel the credit at any time or mes with how much you deserve/owe them
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
July 25, 2024, 06:27:04 AM
Big news from Lightning Labs.
They finally released the first poduction version of Taproot Assets (formerly known as TaRo).

Does this mean we are going to see coins like USDT, USDC, and stuff like that get an implementation on Taproot Assets? And hence the Lightning Network?

It would rival the Ethereum network and other sort of networks for that functionality. Minus the high fees. (Of course, someone has to actually port their token on to the Lightning Network because anyone can start using it.)

I think this could be a huge development in the ecosystem.
There is a different set of trade-off between Ethereum and Bitcoin L2, and I think the latter has a better balance.
legendary
Activity: 1568
Merit: 6660
bitcoincleanup.com / bitmixlist.org
July 25, 2024, 04:14:16 AM
Big news from Lightning Labs.
They finally released the first poduction version of Taproot Assets (formerly known as TaRo).

Does this mean we are going to see coins like USDT, USDC, and stuff like that get an implementation on Taproot Assets? And hence the Lightning Network?

It would rival the Ethereum network and other sort of networks for that functionality. Minus the high fees. (Of course, someone has to actually port their token on to the Lightning Network because anyone can start using it.)
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
July 25, 2024, 03:50:09 AM
so the latest advert is ... dont buy bitcoin, dont hold actual bitcoin.. instead sell bitcoin for $$ and then spend $$ to get 1 sat locked to someone elses utxo pegged on LN, unsettled and not yet yours.. and pretend its many $$

hmm.. ill stay away from scams, thanks

remember folks, if its on LN and your not the creator of the locked utxo (channel funder/the perceived value owed to you), its not actually yours

LN value in htlc are like zero confirms where mining pools dont even have it in their mempools to even confirm into a block
#NotYourCoin

be careful what your giving up to be later promised but not guaranteed to get

Trust model in LN is different than bitcoin, for sure.
This doesn’t mean there is no value in using it.
Like you don’t carry all your financial wealth in your wallet, it doesn’t mean having a couple of hundreds worth of value in sour wallet is nonsense.
legendary
Activity: 4270
Merit: 4534
July 23, 2024, 05:48:55 PM
so the latest advert is ... dont buy bitcoin, dont hold actual bitcoin.. instead sell bitcoin for $$ and then spend $$ to get 1 sat locked to someone elses utxo pegged on LN, unsettled and not yet yours.. and pretend its many $$

hmm.. ill stay away from scams, thanks

remember folks, if its on LN and your not the creator of the locked utxo (channel funder/the perceived value owned by you), its not actually yours

LN value in htlc are like zero confirms where mining pools dont even have it in their mempools to even confirm into a block
#NotYourCoin

be careful what your giving up, to be later promised but not guaranteed to get
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
July 23, 2024, 04:24:03 PM
Big news from Lightning Labs.
They finally released the first poduction version of Taproot Assets (formerly known as TaRo).

Lightning Labs eyes improving stablecoin settlement with launch of updated Taproot Assets

Quote
  • Lightning Labs’s latest version of Taproot Assets launching on mainnet is compatible with the Lightning Network.
  • The company aims to provide a less expensive and safer settlement option to stablecoin users.

Roasbeef commented:


More technical info at the official docs:

Taproot Assets on Lightning
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
July 19, 2024, 03:12:10 AM
[...]
Looks complicated with buzzwords, and not with an essential explanation. My first question would be: how do we trustlessly decide what's the Bitcoin price?

Every time I see anything to do with "stable", I don't get my hopes up.
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
July 07, 2024, 06:17:15 PM
I have heard of this idea of stable channels:



Looks like a splendid idea, and a clear incentive putting liquidity on the network.

The idea has been presented at the BTCPrague conference a few days ago:




Looks like a very good idea.
legendary
Activity: 3892
Merit: 11105
Self-Custody is a right. Say no to"Non-custodial"
June 25, 2024, 11:37:38 AM
Strike has officially launched in the UK!
Very big announcement, as I think this is one of the best gateways to onboard users.

An overview of the services available in the UK:

Quote
some of the features that are now available in the UK, with more to come:

  • Buy bitcoin directly with free unlimited deposits from your bank account, including recurring purchases for DCA, and auto-buy functionality
  • Sell your bitcoin and withdraw the funds directly to your bank account
    Withdraw your bitcoin to self-custody or send it to any Bitcoin or Lightning wallet instantly and without limits (including free on-chain sends using our Flexible tier)
  • Strike’s global P2P transfers with Lightning allow you to send from your GBP balance to a friend’s Strike account instantly anywhere Strike is available, and they can receive the value as Bitcoin, GBP (in the UK), Euro (in Europe), USD (in the U.S.), or USDT (in supported global regions) in their Strike wallet
  • Use Send Globally, our cross-border payments feature, to send value across borders to supported regions
    Strike offers all the best Bitcoin and Lightning wallet features in one app. We support free on-chain withdrawals, Lightning Address payments, and zero-value invoices
  • Strike Private for our high-net worth customers that want to buy or sell larger amounts of bitcoin (over £100k)
    Business accounts allowing UK businesses to buy, sell, send, receive, or accept bitcoin

Since there is no link, I don't believe it.

Not for one minute.    Tongue
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
June 25, 2024, 07:01:24 AM
Strike has officially launched in the UK!

Announcing Strike UK



Very big announcement, as I think this is one of the best gateways to onboard users.


An overview of the services available in the UK:

Quote

some of the features that are now available in the UK, with more to come:

  • Buy bitcoin directly with free unlimited deposits from your bank account, including recurring purchases for DCA, and auto-buy functionality
  • Sell your bitcoin and withdraw the funds directly to your bank account
    Withdraw your bitcoin to self-custody or send it to any Bitcoin or Lightning wallet instantly and without limits (including free on-chain sends using our Flexible tier)
  • Strike’s global P2P transfers with Lightning allow you to send from your GBP balance to a friend’s Strike account instantly anywhere Strike is available, and they can receive the value as Bitcoin, GBP (in the UK), Euro (in Europe), USD (in the U.S.), or USDT (in supported global regions) in their Strike wallet
  • Use Send Globally, our cross-border payments feature, to send value across borders to supported regions
    Strike offers all the best Bitcoin and Lightning wallet features in one app. We support free on-chain withdrawals, Lightning Address payments, and zero-value invoices
  • Strike Private for our high-net worth customers that want to buy or sell larger amounts of bitcoin (over £100k)
    Business accounts allowing UK businesses to buy, sell, send, receive, or accept bitcoin

Edit:Added link
legendary
Activity: 3892
Merit: 11105
Self-Custody is a right. Say no to"Non-custodial"
April 26, 2024, 02:26:32 PM
Phoenix Wallet has been forced to close in the US:

My interpretation is that the IRS doesn't like the LN, as it grants some anonymity to the users.
As they are actively trying to track your funds not only on the chain but also in DeFi, it makes perfect sense to try to limit access to the Lightning Network, cutting off the most widely used Onramp interfaces.

Well that is too bad.. Phoenix seems to be amongst the best of the seeming (or mostly) self-custody and fairly easy to use kinds of a lightning network wallets (and fairly reliable, too), in which there is no need to run your own node.. fuck..

I am going to have to look into and/or try to figure out some other kind of a lightning wallet solution. .which is too bad.. since sometimes it can take time to learn and get used to some of these kinds of things.. and even with Phoenix I had not really been able to use the funds that often.... sometimes just looking for reasons to try to practice with it, and surely it would be nice to meet more people in the real world to exchange directly, but then now having fewer lightning network options.

I was using Breez until they force closed one of my channels a few months ago.. and so maybe I will try them again, unless I come across something else... I also had the lighting wallet on Bluewallet that ended up getting closed, too... what was that maybe over a year ago?

Regarding your theory about the IRS, I am thinking that it more likely has to do with the Samurai developers getting surprisedly arrested, and surely other kinds of ongoing vindictive behaviors of USA government agencies.. and so maybe they consulted with legal counsel or just consulted amongst themselves to figure it is not worth it to be taking chances of getting treated like the Samurai developers or even the Tornado cash developers or some other the other vindictive cases related to bitcoin (and shitcoins too) that have been coming out of the USA.
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
April 26, 2024, 12:29:36 PM
Phoenix Wallet has been forced to close in the US:



My interpretation is that the IRS doesn't like the LN, as it grants some anonymity to the users.
As they are actively trying to track your funds not only on the chain but also in DeFi, it makes perfect sense to try to limit access to the Lightning Network, cutting off the most widely used Onramp interfaces.


legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
April 04, 2024, 06:28:57 AM
A very nice event is taking place right now in Viareggio, Italy.
TUSCANY LIGHTNING SUMMIT


The event has been organised Fulgur.ventures.

The entire event will be livestreamed and accessible for free via PlanB.network !

Day 1 Program and Livestream
legendary
Activity: 4270
Merit: 4534
April 03, 2024, 03:37:41 PM
coinbase is sister company of DCG
DCG funded most of the work that went into pushing for LN

funny part is coinbase still isnt implementing LN, it is instead just letting light spark connect to it

coinbase isnt anti bitcoin.. its anti stupidity and just hires outside stupidity to keep stupidity at arms length to do its bidding
if you think their aversion to flawed LN integration is "anti-bitcoin" its time you lot learned what bitcoin is, and learn LN balance of msats is not bitcoin
coinbase avoiding LN for 6 years didnt make it "anti-bitcoin". fact is coinbase has the most bitcoin on coinbase keys compared to any other entity

what i see as a plausible business plan/partnership is for coinbase to be the reserve custodian of coin for LN locked pegs and then let some other company be liable to the shoddy payment system of IOU balance on LN

Quote
with the Lightning signing keys entirely held by Coinbase, while Lightspark hosts their Lightning node.
legendary
Activity: 2268
Merit: 16328
Fully fledged Merit Cycler - Golden Feather 22-23
April 03, 2024, 03:27:08 PM
and it is done!
Coinbase now officially integrates the lightning network. with the partnership with Lightspark, it is now possible to pay with lightning

Long overdue move from a true anti bitcoin organisations:

Coinbase the most anti-Bitcoin organisation. Make #DeleteCoinbase great again

Don't forget where they come from, and where they want to go.
legendary
Activity: 3304
Merit: 8633
Crypto Swap Exchange
April 03, 2024, 11:10:20 AM
and it is done!
Coinbase now officially integrates the lightning network. with the partnership with Lightspark, it is now possible to pay with lightning


https://www.lightspark.com/news/coinbase-selects-lightspark
legendary
Activity: 2898
Merit: 1823
March 28, 2024, 05:42:18 AM
Merchant adoption is a valid metric to judge it by, since people effectively express their approval or disapproval by their actions.  Clearly the evidence shows that people aren't being "forced into LN",

says the cult leader that doesnt want bitcoin scaling because "LN IS SOLUTION"(in his eyes) because he has repeatedly said "BITCOIN CONGESTION MEANS PEOPLE SHOULD AVOID BUYING THINGS WITH BITCOIN AND USE LN MSAT's INSTEAD"

doomad wants merchant adoption on LN IOU credit(unsettled balance owed) network, but have no merchant use on the bitcoin network because he wants the congestion of junk memes but doent want genuine product/service purchases seen on bitcoin
IDIOT


frankandbeans, no one is saying that the Lightning Network is THE, one and only, scaling solution for Bitcoin. But it's A scaling solution for Bitcoin. You're just putting words in everyone's mouths, spreading lies/disinformation, mudslinging because they won't accept the fact that you have been spreading LIES about Lightning? You have your right to your own criticism against Lightning, but saying that it's a network that uses IOUs is simply wrong and not true. They're Bitcoin transactions that haven't been settled onchain yet.
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