WTB $30 in LN sats, have BTC | Bitcointalksearch.org

NotATether

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Understood.

But see, this is what I was worried about:

It appears that Voltage has automatically fixed my C2 channel so I am good to go!

So now, I will increase my offer.

$100 in Lightning Network sats to my node 03e2b8f741b13d0746816a2a609032e4da6729347835e574d9407b7dd183face65

And I will give the sender $110 back on-chain (at such a time when these fees calm down.)

My channel currently has 492K sat receive capacity.

Here is an invoice for 150K sats

lnbc1500u1pnz8m58pp59axgkapu6svkay0h9gdx46hts8ktqj863aswp9mzl40rh3tjr9zqdq5g9kx y7fqd9h8vmmfvdjscqzzsxqyz5vqsp5pyz4l4ts6nmjxkpgyf6n39fwwjyutrhpuuzeelplmyf8wllt q24s9qyyssqmjuzrrezvdquz9ecmjysh987ga4z4hzcymwarep982weqzyjr7wrj3sxwqkjzw6pnvcc 2mkq6fp8n83dmszt9jhjerfz6zhxx9a0u5sq6suyqz

PM me your offer and I will unlock the thread.

apogio

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Hi NotATether.

My offer must be withdrawn unfortunately.

The fees for on-chain are too high to be ignored, so I need to use the LN funds to buy something that I need.

apogio

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Quote from: NotATether on April 18, 2024, 04:12:42 AM

I'll figure out how (and when) I'm going to move 200k sats to my LN node so that I can open a much larger channel. Or, I might open 2 100k channels each in order to have a fallback in case my node decides to close the connection for some reason. btw, can LN channel closures happen automatically? I have only ever heard of the case where it is initiated manually.

(I have Terminal Web which makes the process of opening channels much easier.)

I am not aware of auto closures. So can't really comment on that.

Personally I have 3 open channels with 3 very large nodes. The reason behind this decision is to make sure there will always be a route to process payments.

So, when you want to do the trade let me know. In case I use my funds meanwhile, I will post here to withdraw my offer. I think I won't need to do that, but if I do I will let you know.

NotATether

legendary

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Quote from: apogio on April 18, 2024, 04:02:27 AM

I don't have the funds to open a channel unfortunately. I would use my custodial LN wallet for this purpose. My self-custody LN node has been idle for a long time and I don't wish to use it right now. The fees are very high so opening a channel would cost a lot.

So in your case, you have a self custody LN node which means that you handle the channels and the liquidity.

You don't have an open channel so there is no way for the payment to be routed.

Even if you open a channel somehow with me, or with any node and even if there is a direct or indirect route between our nodes, you still must have more than 46k sats inbound liquidity, in order to receive 46k sats.

Let me know if you need further explanation.

I'll figure out how (and when) I'm going to move 200k sats to my LN node so that I can open a much larger channel. Or, I might open 2 100k channels each in order to have a fallback in case my node decides to close the connection for some reason. btw, can LN channel closures happen automatically? I have only ever heard of the case where it is initiated manually.

(I have Terminal Web which makes the process of opening channels much easier.)

apogio

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Quote from: NotATether on April 18, 2024, 03:23:33 AM

I use the Alby browser extension which is connected to my Voltage LND node.

It seems that my only channel has been closed automatically somehow. So I will need to open another channel or you might need to open a channel to my node. (I only have 22K sats on-chain withing the lightning node which I don't think is enough to open a channel. I think you need at least 10x that amount to open a channel with that liquidity but like I said, fees are stupidly high right now and my lightning node's addresses do not have enough funds in them.)

My node's public key is 03e2b8f741b13d0746816a2a609032e4da6729347835e574d9407b7dd183face65 in case you need that info.

I don't have the funds to open a channel unfortunately. I would use my custodial LN wallet for this purpose. My self-custody LN node has been idle for a long time and I don't wish to use it right now. The fees are very high so opening a channel would cost a lot.

So in your case, you have a self custody LN node which means that you handle the channels and the liquidity.

You don't have an open channel so there is no way for the payment to be routed.

Even if you open a channel somehow with me, or with any node and even if there is a direct or indirect route between our nodes, you still must have more than 46k sats inbound liquidity, in order to receive 46k sats.

Let me know if you need further explanation.

NotATether

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Quote from: apogio on April 18, 2024, 02:59:01 AM

Quote from: NotATether on April 18, 2024, 02:40:59 AM

Right. My bad. I am still learning to get the hang of LN.

Yeah that's a good decision. There seems to be a problem with the invoice. Did you include a payment amount?

I could assist you if you need help. My wallet doesn't recognise the invoice. Which wallet do you use?

I use the Alby browser extension which is connected to my Voltage LND node.

It seems that my only channel has been closed automatically somehow. So I will need to open another channel or you might need to open a channel to my node. (I only have 22K sats on-chain withing the lightning node which I don't think is enough to open a channel. I think you need at least 10x that amount to open a channel with that liquidity but like I said, fees are stupidly high right now and my lightning node's addresses do not have enough funds in them.)

My node's public key is 03e2b8f741b13d0746816a2a609032e4da6729347835e574d9407b7dd183face65 in case you need that info.

apogio

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Quote from: NotATether on April 18, 2024, 02:40:59 AM

Right. My bad. I am still learning to get the hang of LN.

Yeah that's a good decision. There seems to be a problem with the invoice. Did you include a payment amount?

I could assist you if you need help. My wallet doesn't recognise the invoice. Which wallet do you use?

NotATether

legendary

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Quote from: apogio on April 18, 2024, 01:25:22 AM

Quote from: NotATether on April 18, 2024, 01:17:16 AM

Quote from: apogio on April 16, 2024, 12:29:27 AM

I can help you if you want.

I am able to send 46,000 sats. If that's ok with you, let me know.

Yes, please post the LN invoice here.

Wait, I thought you wanted to get LN funds and return on-chain. Am I wrong? If I am right, then you have to paste the LN invoice and I will pay it the sooner possible. If it is a QR, it's even better. Remember to create an invoice for 46,000 sats.

Right. My bad. I am still learning to get the hang of LN.

lnbc460u1pnzpnj2pp5lvhp8kanckqkqnnltzxza2cevh8auw67p255gntcq0f4haldwj3qdq2v9cx7 emfducqzzsxqyz5vqsp5wxdd87vhy7vnlq9smjyse8nxcxtxmeml0y8d35j0djrmkygpyy0s9qyyssq t7aee8wwk6l29kqmrwkv4cqve459c55jdly4t367qc26szd4kymsvy5z4ve0ax30lu82w96csh6gnn7 x4feauld873zepq5zvyjrd6qqppv92n

I'm waiting for fees to go under 40 sats/vbyte

apogio

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Quote from: NotATether on April 18, 2024, 01:17:16 AM

Quote from: apogio on April 16, 2024, 12:29:27 AM

I can help you if you want.

I am able to send 46,000 sats. If that's ok with you, let me know.

Yes, please post the LN invoice here.

Wait, I thought you wanted to get LN funds and return on-chain. Am I wrong? If I am right, then you have to paste the LN invoice and I will pay it the sooner possible. If it is a QR, it's even better. Remember to create an invoice for 46,000 sats.

NotATether

legendary

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Quote from: apogio on April 16, 2024, 12:29:27 AM

I can help you if you want.

I am able to send 46,000 sats. If that's ok with you, let me know.

Yes, please post the LN invoice here.

Timelord2067

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Beware lenders who want loans in a hurry with methods that are seemingly untraceable. They'll start with small loans (to build trust), increase the loan size before the carpet-pull.

Rinse and repeat.

apogio

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I can help you if you want.

I am able to send 46,000 sats. If that's ok with you, let me know.

LoyceV

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I don't have LN-funds at the moment, but what I usually do is take some low-fee altcoin, and use an instant exchanger to get LN funds.
For what it's worth, Bitcoin fees are a lot lower already than when you posted this.

NotATether

legendary

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Since the fees became high virtually overnight, I am trying to avoid spending so much money on fees for my transactions, so I would like to move my transactions to the lightning network where fees are negligible.

For now, $30 is good enough to start with. This is kind of a loan because I'm not going to send the BTC immediately, but I will wait for fees to become reasonable like 30-40 sats or something like that before I send you the BTC. Or in max 2 weeks if fees don't get lower by then.

Code:

-----BEGIN BITCOIN SIGNED MESSAGE-----
This is NotATether on Friday 12 April 2024

And to prove that I do have money to repay you, this address has a lot more than $30.

000000000000000000008c007c4b1c7145715329ae56bc1be91955ba8191f7c3 latest block hash.
-----BEGIN SIGNATURE-----
bc1qzpcyfeqvuyermgkc4wkvzc6xkcawgw2a5w860a
Hzw8RD2rugvD5pYPsxvgh79dyepMZcoDF37PDffWbuQgDZZmRma+WXc2EGUyGMrnqIIQASCzKP5OWibOOuaftvw=
-----END BITCOIN SIGNED MESSAGE-----

Use Electrum to verify the signature.

Topic: WTB $30 in LN sats, have BTC (Read 214 times)