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Topic: The Lightning Network FAQ - page 6. (Read 33783 times)

hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
June 02, 2023, 02:56:38 PM
I just found a nice list of links to help to solve problems of liquidity...
I know a few of them but not all. Will be handy to me...

It is a post in Medium site:
https://medium.com/@rajsaraogi/lightning-network-liquidity-3ca09000565
hero member
Activity: 924
Merit: 5950
not your keys, not your coins!
May 19, 2023, 12:49:55 PM
Wallets

Which wallet would be the best for me?

There are quite a few interesting options for different kinds of users.

No-coiners: Strike

Bitcoin newbies: BlueWallet

Regular users: Phoenix Wallet, Breez Wallet, Blixt Wallet

Advanced users: run your own node Smiley
Update: BlueWallet Lightning functionality (custodial LND hub) is dead!
https://bluewallet.io/sunsetting-lndhub/
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 13, 2023, 02:42:34 PM
I like the idea and how simple it seems to be! The LN still needs a lot of work to become user friendly but these small steps are for sure in the right path! It seemed quite clean and simple the few examples in the video.
Regarding user-friendliness for LN, I just read the other day that Foundation Devices published a podcast episode with a Breez developer. I've yet to listen to it myself, but I'm interested to know what they talked about, since I'm obviously both a Passport and Breez user myself.. Wink

EP #9 – Making self-custodial Lightning easier w/ Ivan from Breez

If it’s seemed too daunting to use Lightning without sacrificing custody of your Bitcoin, what Breez is building might be just the solution you need. On this week’s episode we sit down with Ivan from Breez to talk about the future of self-custodial Lightning and how we can beat fiat at it’s own game.

Going to listen that podcast right now myself! After dinner and while there is some silence at home (wife and daughter went out for church stuff xD)...
hero member
Activity: 924
Merit: 5950
not your keys, not your coins!
May 12, 2023, 07:02:23 PM
I like the idea and how simple it seems to be! The LN still needs a lot of work to become user friendly but these small steps are for sure in the right path! It seemed quite clean and simple the few examples in the video.
Regarding user-friendliness for LN, I just read the other day that Foundation Devices published a podcast episode with a Breez developer. I've yet to listen to it myself, but I'm interested to know what they talked about, since I'm obviously both a Passport and Breez user myself.. Wink

EP #9 – Making self-custodial Lightning easier w/ Ivan from Breez

If it’s seemed too daunting to use Lightning without sacrificing custody of your Bitcoin, what Breez is building might be just the solution you need. On this week’s episode we sit down with Ivan from Breez to talk about the future of self-custodial Lightning and how we can beat fiat at it’s own game.
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 12, 2023, 04:56:39 AM
Wallet of Satoshi launches Lightning Point of Sale feature

Seems nice feature and very handy.
https://stacker.news/items/176409
https://twitter.com/walletofsatoshi/status/1655451096117284867

That's a pretty sexy feature. What's up with that NFC transaction, never seen something like that for lightning before.
Does it immediatelly charge the amount or is there still confirmation required from the one sending the sats?
I have no idea but either way I like the idea and how simple it seems to be! The LN still needs a lot of work to become user friendly but these small steps are for sure in the right path! It seemed quite clean and simple the few examples in the video.
legendary
Activity: 2114
Merit: 1403
Disobey.
May 10, 2023, 11:50:24 AM
Wallet of Satoshi launches Lightning Point of Sale feature

Seems nice feature and very handy.
https://stacker.news/items/176409
https://twitter.com/walletofsatoshi/status/1655451096117284867

That's a pretty sexy feature. What's up with that NFC transaction, never seen something like that for lightning before.
Does it immediatelly charge the amount or is there still confirmation required from the one sending the sats?
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 10, 2023, 11:03:16 AM
Wallet of Satoshi launches Lightning Point of Sale feature

Seems nice feature and very handy.
https://stacker.news/items/176409
https://twitter.com/walletofsatoshi/status/1655451096117284867
hero member
Activity: 924
Merit: 5950
not your keys, not your coins!
May 09, 2023, 12:39:28 PM
Thanks for the input. Command line options (breez) sound good as a nice last resort. I just installed and don't get any connection, so it's neither allowing me to generate a lightning invoice, nor an on-chain address.
Especiall the latter seems very weird to me - the error notification says "Not able to obtain Bitcoin address from Breez-Server. Please check your Internet-connection". - Are they storing the keys online, or why would you need a connection to show an onchain public address?
The on-chain address feature utilizes the https://boltz.exchange/ instant exchanger and performs a submarine swap to give you Lightning funds trustlessly.
I suspect Boltz and / or Breez may be having some issues with opening channels at reasonable prices at the moment due to mempool congestion. But I don't have any more insight into this myself right now.

Oh and on another note: I am not familiar with Lightning too much, how would developer commands protect you in a worst-case scenario?
Instead of the wallet do stuff on its own, you would be able to issue commands to close channels and specify the onchain address where you wanted your local balance "to land". I think this was what he meant!
Exactly. I'm not sure for instance, if any 'emergency' functionality exists (since I don't see any in the GUI) and how good it is (since I can't simulate it) to help me in an edge case. Having developer commands just gives me the peace of mind that I can interact with the built-in LND node directly and solve such issues.
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 09, 2023, 09:05:42 AM


Oh and on another note: I am not familiar with Lightning too much, how would developer commands protect you in a worst-case scenario?



Instead of the wallet do stuff on its own, you would be able to issue commands to close channels and specify the onchain address where you wanted your local balance "to land". I think this was what he meant!
legendary
Activity: 2114
Merit: 1403
Disobey.
May 09, 2023, 05:31:30 AM
BlueWallet is discontinuing its service, so I was wondering which of the mentioned LN wallets in OP would be the best to move funds to:
- https://phoenix.acinq.co/
- https://breez.technology/
I only know and tried these two. Working very well. What I like about Breez is that it does have 'developer commands', so it gives me the peace of mind that in a worst-case scenario, I could use regular old LND commands to (force) close any open channels and send myself the resulting on-chain funds.

Just to be clear, I have never actually needed it on any of these wallets, but it's still nice to have.

BlueWallet is discontinuing which service?
They offered a hosted / online Lightning wallet in their Bitcoin wallet app.
Thanks for the input. Command line options (breez) sound good as a nice last resort. I just installed and don't get any connection, so it's neither allowing me to generate a lightning invoice, nor an on-chain address.
Especiall the latter seems very weird to me - the error notification says "Not able to obtain Bitcoin address from Breez-Server. Please check your Internet-connection". - Are they storing the keys online, or why would you need a connection to show an onchain public address?

Trying out blixt now. Seems to be still WIP but seems to be the only open-source option.
UPDATE: Installed Phoenix now, since blixt doesn't have offline-watchtower (yet).
When I try to send from bluewallet to Phoenix I get an error (independant from the amount I try to send) "API error: Payment failed. Does the receiver have enough inbound capacity? (code 10)
"

UPDATE 2: After restarting Phoenix and bluewallet a few times and trying several different payment sizes, it finally worked.

Oh and on another note: I am not familiar with Lightning too much, how would developer commands protect you in a worst-case scenario?

hero member
Activity: 924
Merit: 5950
not your keys, not your coins!
May 09, 2023, 05:10:37 AM
BlueWallet is discontinuing its service, so I was wondering which of the mentioned LN wallets in OP would be the best to move funds to:
- https://phoenix.acinq.co/
- https://breez.technology/
I only know and tried these two. Working very well. What I like about Breez is that it does have 'developer commands', so it gives me the peace of mind that in a worst-case scenario, I could use regular old LND commands to (force) close any open channels and send myself the resulting on-chain funds.

Just to be clear, I have never actually needed it on any of these wallets, but it's still nice to have.

BlueWallet is discontinuing which service?
They offered a hosted / online Lightning wallet in their Bitcoin wallet app.
legendary
Activity: 2114
Merit: 1403
Disobey.
May 09, 2023, 04:27:46 AM
BlueWallet is discontinuing its service, so I was wondering which of the mentioned LN wallets in OP would be the best to move funds to:
- https://phoenix.acinq.co/
- https://breez.technology/
- https://blixtwallet.github.io/

Gladly listening to thoughts about any of the three mentioned wallets from some of the lightning OGs here.
Thanks in advance.

BlueWallet is discontinuing which service?

They are discontinuing their Lightning node (Lndhub.io)
Read their statement here: https://bluewallet.io/sunsetting-lndhub/

Even they recommend to use either phoenix or breez wallet.
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 09, 2023, 04:16:01 AM
BlueWallet is discontinuing its service, so I was wondering which of the mentioned LN wallets in OP would be the best to move funds to:
- https://phoenix.acinq.co/
- https://breez.technology/
- https://blixtwallet.github.io/

Gladly listening to thoughts about any of the three mentioned wallets from some of the lightning OGs here.
Thanks in advance.

BlueWallet is discontinuing which service?
legendary
Activity: 2114
Merit: 1403
Disobey.
May 09, 2023, 01:04:37 AM
BlueWallet is discontinuing its service, so I was wondering which of the mentioned LN wallets in OP would be the best to move funds to:
- https://phoenix.acinq.co/
- https://breez.technology/
- https://blixtwallet.github.io/

Gladly listening to thoughts about any of the three mentioned wallets from some of the lightning OGs here.
Thanks in advance.
legendary
Activity: 3696
Merit: 2219
💲🏎️💨🚓
May 08, 2023, 05:22:00 AM
About your channels, you should probably try to check the closing TxID, if you already have one and check it with a block explorer!

Zap doesn't provide that information otherwise I would have used the accelerator services (free ones) to accelerate the TX.

Each time I close Zap and restart it, the two channels revert to open, not closing so it doesn't appear as though a true closure has occurred.

Thanks for the channel links suggestion, I'll check them out.
legendary
Activity: 2898
Merit: 1823
May 08, 2023, 04:59:36 AM
Based on the latest development, "what's currently the easiest way to install a Lightning Node", and other questions about Lightning will probably be one of the most asked questions in Bitcoin Stack Exchange. The "Ordinals thing" may have started a incentivization flywheel which will be spreading across the network.

Plus isn't Blockstream's Liquid Network built for something like the "Ordinals thing"?

This might be good for non-technical people who want to try actually using Lightning, https://lightning.engineering/posts/2023-04-26-litd-release/

It's also probably good for fee generation with their "One Node for Many Users" feature.

There's also this very practical feature.

Quote

With zero confirmation functionality, Pool users can now purchase or sell Lightning Network channels without the need for on-chain confirmations. A Lightning business, or Lightning service provider (LSP), can purchase inbound and outbound zero-conf channels for a user to give them the ability to send payments over the Lightning Network in a fully non-custodial manner, without requiring the end user to understand Lightning liquidity.


This is only for LND users or Core Lightning users can also try it?


I think just for LND. The technical documentation mentions only LND in "get started", https://docs.lightning.engineering/lightning-network-tools/lightning-terminal/get-lit

hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 04, 2023, 05:09:17 PM
Hello again, my last two lightning channels on my Zap app won't close - even recently when the mempool was empty and I used the high fees setting. (Neither balance has shifted in a very long time)

One is with BC games, the other is coinplaza - I was just wondering is there anything I can do to force their closure outside of making contact with either site and asking them to close the channel at their end?




I'd like to revisit Lightning Network as I believe it is essential for micro payments, however a great many nodes are now hidden behind the onion curtain, so I'll either have to find an app that has an in built Tor connection setting, or find channels in the clear that will connect with small (sub $100) channels.

1ml.com website shows a great many nodes that are in the clear, but when I try to connect, the channels are closed immediately so I'm wasting my time at the moment establishing new channels hence I've been closing all I have.

You also ave amboss.space which is a growing Lightning Network hub of nodes, channels, services, etc. Another option is also to find loops in https://lightningnetwork.plus. Many people here are seeking partners to open channels of every range of values.

About your channels, you should probably try to check the closing TxID, if you already have one and check it with a block explorer!
legendary
Activity: 3696
Merit: 2219
💲🏎️💨🚓
May 04, 2023, 03:15:38 PM
Hello again, my last two lightning channels on my Zap app won't close - even recently when the mempool was empty and I used the high fees setting. (Neither balance has shifted in a very long time)

One is with BC games, the other is coinplaza - I was just wondering is there anything I can do to force their closure outside of making contact with either site and asking them to close the channel at their end?




I'd like to revisit Lightning Network as I believe it is essential for micro payments, however a great many nodes are now hidden behind the onion curtain, so I'll either have to find an app that has an in built Tor connection setting, or find channels in the clear that will connect with small (sub $100) channels.

1ml.com website shows a great many nodes that are in the clear, but when I try to connect, the channels are closed immediately so I'm wasting my time at the moment establishing new channels hence I've been closing all I have.
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 04, 2023, 02:44:21 PM
Have anyone came across this site with development of some projects around Bitcoin and LN?
https://geyser.fund/
I found it on Reddit and decided to link it here! Maybe it is of interest of others that doesn't use Reddit!
hero member
Activity: 1274
Merit: 681
I rather die on my feet than to live on my knees
May 03, 2023, 05:06:38 PM
This might be good for non-technical people who want to try actually using Lightning, https://lightning.engineering/posts/2023-04-26-litd-release/

It's also probably good for fee generation with their "One Node for Many Users" feature.

There's also this very practical feature.

Quote

With zero confirmation functionality, Pool users can now purchase or sell Lightning Network channels without the need for on-chain confirmations. A Lightning business, or Lightning service provider (LSP), can purchase inbound and outbound zero-conf channels for a user to give them the ability to send payments over the Lightning Network in a fully non-custodial manner, without requiring the end user to understand Lightning liquidity.


This is only for LND users or Core Lightning users can also try it?
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