Nice to see BTC back above $42K as the week kicks off. Was looking like the price might keep sliding.
I really would like to see a push to 48k+Nice to see BTC back above $42K as the week kicks off. Was looking like the price might keep sliding.
I though there's more slide down when bitcoin price range at $40k but good to see that it pump back and give a huge relief to those people got nervous on that situation. Now since it get back again for sure people is speculating for at least bitcoin to reach at $45k or maybe reach more this figure.I then used kraken to send 0.0015 to nicehash via LN fee was 0.00000014
So far testing show nicehash can send and receive via LN up to 1.5 ltc
I thought that we were talking about bitcoin in this here lovely thread, and lighting is a part of bitcoin, so how are you tying litecoin (LTC) into the discussion? Are you suggesting that you can recharge your custodial wallet with LTC and then use it to transact in BTC? or instead, since I see that nicehash is probably your mining group, so they are converting whatever your shitcoins are into bitcoin?
By the way, I had been considering various ways to charge a lightning wallet, and sure I prefer self-custodial rather than third-party custodial, but if we are in a pinch, then no problem using custodial and even using various shitcoins, but if we are not in a pinch then shouldn't we be trying to figure out various reasons to try to use bitcoin and bitcoin-related products rather than devolving into talking about shitcoins, but I see if you are talking about your mining pool then they allow you to mine shitcoins and maybe other ways of interchanging coins, so I suppose that you might be able to make some kind of connection to bitcoin, even though you did not really state the context very clearly..
I am well aware funds on nicehash are not in my custody
Also for that matter my kraken fees are at risk.
Also for that matter my kraken fees are at risk.
I am not sure if I understand this point because you are testing sending back and forth, and so you are suggesting that only fees are at risk? How about the whole transaction is at risk if it does not go through? or if it bounces back then you end up getting the refund and paying the fees? I still don't quite get what you mean.
these accounts never hold a lot of value and I now have two different ways to do LN sends or receives.
if I want to shift to coinbase they do not do LN yet.
maybe next year all these are KYC accounts.
if I want to shift to coinbase they do not do LN yet.
maybe next year all these are KYC accounts.
Why are you even going down this road? Sure it is o.k. to learn that you can use some of you third-party custodial wallets to transact with lightning in various kinds of ways, but I doubt that any of us should be promoting the use of custodial services to transact, even though it could be an option in a pinch, but if we are not in a pinch, and we are trying to have some level of self-sovereignty, shouldn't we also be attempting to have some options that are self-custody rather than going through various kinds of third-party custodial systems?
I am not even trying to proclaim that you have to do anything, but there are some systems that are more resilent than others.
Even with mining, it seems a bit problematic if so many of them are KYC mining, and so I know if they want to operate and if they are big then they are a target and they likely have to KYC, and so maybe that was part of the excitement about Ocean, even though they have some other kinds of problems that might be getting in the way of their ability to attract customers.. if they are censoring ordinals and inscriptions and other kinds of sneaky practices, then some miners might be reluctant to mine with them, and of course, there seems to be some attraction to larger pools in order to have greater possible rewards.. so nothing is exactly and completely straight-forward.
I am doing a show and tell thread on using LN but not on self custody LN
https://bitcointalksearch.org/topic/m.63346745
when using Nicehash or kraken which I used so far.
you dont have the keys so the coins can be taken away via hack or freeze.
https://bitcointalksearch.org/topic/m.63346745
when using Nicehash or kraken which I used so far.
you dont have the keys so the coins can be taken away via hack or freeze.
Hopefully, you or someone else can do some of these show and tell with self-custodial types of solutions, and so many of us are probably hoping for lightning network to become more and more popular and easy to use, but we also want to figure out various easier ways to use wallets that are closer to self-custodial types of solutions. Here is a post that I made in October 2022 in Fillippone's Lightning Network Observer thread when I was first weighing which lightning network wallets to move to after Blue wallet announced that it was discontinuing its lightning node for the use of others.
