Nostr Web Client

I agree, except the tax thing. I'm not filling any tax BS for any of my BTC or lightning transactions.

karo 8mo ago

weren't you in a boating accident recently? wink wink

For several reasons. I happened to have all my BTC and firearms and it was so traumatic...

That's your decision. Most people don't want to be put into a cage for buying a coffee.

No one is getting put into a cage for buying a coffee over LN and not reporting it

I won't be. Either because nothing will happen or the ton of tannerite sends me and any feds to the moon if they try. 🤷‍♂️

Ronin 8mo ago

yeah what are you ppl doing reporting taxes for LN payments. Thats insane.

Thekid.999 8mo ago

The way lightning is right now. I would definitely definitely stop using traditional rails

Use wallets that work like Phoenix wallet. Stop jumping around from wallet to Wallet, trying stuff out.

My lightning channel has been open for months and I've had no issues with it. I haven't had a payment fail or anything.

I'm happy for you.

I jump around because I have near constant problems.

Your experience isn't necessarily everyone else's.

And not having an issue for months isn't exactly what I'd call ready for global adoption. Lol

Besides that, opening and maintaining one's own Lightning channel just to go months without a problem doesn't scream mass adoption to me either.

nevermind 8mo ago

Totally agree. Bitcoin has major UX/design issues. Or maybe the target audience is just completely misaligned (ie the nerds are still telling the normies their apps are for them).

𝐭𝐢𝐠𝐞𝐫 8mo ago

don't disagree

think putting lightning nodes on phones was great idea to prove could work but sucks in practice

people really want to be waiting for node to sync on phone before they can spend?

need something better for sure

I like the idea of it a lot. It was indeed terrible to use though.

𝐭𝐢𝐠𝐞𝐫 8mo ago

I feel really guilty for saying it. i love lightning!

Have you tried Zeus?

Yes. And I spent more time troubleshooting than I ever did using it.

So you opened a channel with sufficient sats and it just doesn't work?

I have quite a few issues posted in notes and some in DMs. I'm not rehashing them all here. Yes, I had a channel open with sufficient sats (whatever that means, because it was always a guess).

1M+ sats?

Why is that the sufficient number? And even if it is, that's a retarded minimum expectation if Bitcoin is going where people claim it is.

This isn't exactly disproving my point. Arbitrary hoops, guessing, and troubleshooting like this are exactly my point.

I know HOW to get things working eventually. I just don't WANT to. I have better stuff to do. So do most people. That is my entire point. Currently, this stuff is built for very few people and interactions like this only prove my point. 1M sats isn't all that much to me but it is to most people I'd guess.

Zeus very explicitly recommends a minimum of 100k sats.

I opened with 100k. I didn't have 1M in there, which is what you asked. That seems arbitrary.

I'm not putting 1M sats into what's clearly an experimental service.

Besides that, it sounds like self-custodial Lightning isn't for average people yet, which was my entire point.

Most people will use centralized products and I just don't see how that's much better philosophically than what we already have.

It should be easier to do these things in a self-custodial way IF we want mass adoption that doesn't just create massive KYC honeypots. I'm a pretty technical person and the shit has annoyed me to no end.

If you don't care about that then I was never talking to you.

I'm not saying it should all be ready. I'm just taking issue with the statement that we should all be spending Bitcoin to keep it from dying while most of the options for doing so still suck and would be a nightmare for businesses to maintain.

I was curious if you went with the 1M standard LN recommendation or what's recommended in Zeus as the *minimum*.

What size of payments were you trying to put through a 100k channel?

I was only zapping with it at the time. And paying for what I could using Lightning.

I opened with 100k. The actual amounts in there varied. I don't keep large amounts in my fiat wallet either. Most people have been educated to not pack hot wallets.

And I got the impression that they recommended 100k due to fees. It was never apparent that I needed to have 1M sats in there to avoid bugs. I'm not seeing your point here.

Either way, none of this is relevant to my original point except to further solidify exactly what my point was lol

So what amounts failed the zaps or the bigger amounts you used to purchase something with?

I'm not trying to argue with you, I'm trying to understand what failed for you - but you are intently vague on what your experience truly was.

No I'm not. I've posted notes and DMed the dev on issues I had in that wallet. You just want me to rehash all that here when I already said I don't care to. It's irrelevant to the point of the OP anyway. This wasn't about troubleshooting or focusing on particular options that were unstable for me.

I'm curious for my own needs not your ego, but then again you sound like a dumbcunt bish with your three paragraphs long rants that not only don't answer my question, but blatantly lie about there not being explicit instructions - like Zeus recommending 100k.

Goodbye.

nostr:nevent1qqszufwchx5lhvmnn0m0pxzq8wutstyfchrgkdq2wpeqfzds52w3u2qpz3mhxw309ucnydewxqhrqt338g6rsd3e9upzpl4psmp2geudh3phwp8w6gtqs3hg57q7t7chq4hfhvenssx4hhhjqvzqqqqqqyaqftfl

It's not that I've never been able to get things to work.

I've never been able to achieve long-term consistency with anything just working.

Phoenix was the closest I came, but it requires Google Play Services to work in the background.

Shooter McGavin 8mo ago

Idk works pretty good for me 🤷

Adrian M Lopez 8mo ago

Have you tried not being a little bitch!? But for real, I hear you. There are options but there’s a deep lack of polish. Transaction failure has reduced significantly since first implemented and it will only get better with time. For now, I use Fold or Strike for everything. Heard good things about Breez but idk if that’s self custodial. Aqua is pretty solid but hard to empty a wallet fully unless I’m missing something. Phoenix was great until it took itself off app stores but now it’s back so I’ll have to jump back in some time. It’ll get better. We just gotta be patient!

Ronin 8mo ago

non custodial LN sucks most of the time, explaining someone channel management will seem ridiculous to anyone. There are a few good wallets like Phoenix, Zeus and Bitkit to name a few. Custodial on the other hand i would say its better than traditional payments, Right now paying something online that is not LN is a pain for me.

I agree they are better IF you don't give a damn about the tax tracking. But even if you don't, you can't exactly hide it so well using a custodial KYC service. That is a lot of extra work on my end for no real benefit. At least not for me right now.

Ronin 8mo ago

yeah i get that. I dont report any of that, most of my spendings are small, and to most i use one of those wallets, but i also use strike.

Have you explored any of the nodeless self custodial options yet?

I just tried to go to their website and it's down?

Oh, sorry, I didn’t mean “Nodeless” the website. That is definitely down. I meant nodeless as in Breez SDK wallets like Misty Breez, Yopaki, and Cowbolt, or Aqua.

I have not. I appreciate the recs.

Yopaki has a fun daily game to earn some sats. You can sign up using nostr:npub1xwwmvty3er863uy9lz03zhc6m9wlzr88f9esywdkq4xjg5en9yyqktl3nz’s promo code “marcelo” if you want. (You can also take the same seed phrase from that and restore it into Misty Breez and try out their Lightning address feature.)

🇦🇷🧡 Marcel 🟠⚡️ #Bitcoin is Hope 🙏 8mo ago

Thank you Daniel! You can use my referral link to download #Yopaki app:

🔗 yopaki.com/r/marcelo

Derek Ross 8mo ago

I do agree with most of this. Except for th taxes and accounting issues. You can't have headaches if you're don't report it.

The problem with that is the KYC custodians report it all for you. So I don't see the benefit over fiat. It's just more work. The whole benefit for me is to escape that system. I disagree that custodial services ultimately do that.

I should clarify that I'm in the US, which is really shit on this. I get that other countries may not have this issue.

Derek Ross 8mo ago

Hypotonicity someone could use a non custodial lightning wallet and never report anything... 😬

mcshane 8mo ago

hypotonicity

Derek Ross 8mo ago

Bahaha. I'm sitting outside on my patio and enjoying the evening. Please for give typos.

Yeah, if they can find one that doesn't require a lot of babysitting. Lol

Either way it's just another generated 1099 for you to forward to your bookkeeper / CPA.

If that's the route you choose to take.

It's two clicks 😂.

No it isn't. I have used FIFO so I have to go do all the math and calculate the price at purchase and spend and get the difference and then report that transaction. For ever transaction. For a fucking coffee. It's not two clicks.

Either way, what is the ultimate point of the entire exercise if I'm still having a company see every transaction and reporting it to the government? I don't get more privacy. It's just more work.

Bro on strike, the only LN custodial service I agree to use, it's literally two clicks to generate a 1099 annual tax form.

What you're saying does not apply to my tax situation. I didn't buy all of my sats from Strike, so they can't calculate the FIFO math for me. All they see are buys and sells I do on their platform. I can't switch to non FIFO now that I've elected to calculate my taxes that way in the past.

EITHER WAY, what is the benefit of converting fiat to sats on Strike (for a fee) and then spending those so that Strike can see all of my transaction AND report the transactions to the IRS? That's fucking worse than just using my bank. It adds an entire party into the mix AT A FEE AND ADDITIONAL REPORTING.

That's hardly better than the system we already have, which is why I'm making the point that most of this is for nothing if noncustodial doesn't get easier to adopt.

I fully understand that I can use Strike. I just don't see how it's all that much better than spending fiat and saving in Bitcoin like I have been. It's just more work.

I considered you understood that you would need to purchase sats from strike for this to make sense as go to spend wallet if you don't mind the custodial nature.

This is way better than the traditional system in place as you have the opportunity to send your sats anywhere you want.

If you don't need to spend in Bitcoins then don't.

Just save em and use on chain.

Can you not afford 1sat/vb TX fees?

High Heel King 8mo ago

Have you heard of our lord and savior nostr:nprofile1qqstxwlea9ah3u6kjjszu6a7lrnhqkfh8eptp2z6v0e9558tlkkl2rgpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszxnhwden5te0wfjkccte9ekkjmnfvf5hguewvdshx6p0qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0wsvavr?

Yes. I've gotten a couple headaches dealing with it the past couple weeks. nostr:nprofile1qqs06gywary09qmcp2249ztwfq3ue8wxhl2yyp3c39thzp55plvj0sgprdmhxue69uhhg6r9vehhyetnwshxummnw3erztnrdakj74c23x6

Yes. I've lost several tens of thousands of sats. It is improving but the recovery process is awful.

Recovery was a fucking nightmare when I had to use it. I eventually figured it out, but I came close to writing the sats off. Other than that, it's been alpha for me. Which is fine. It warns you of that. I'm not complaining about Minibits. It is transparent about what it is right now.

Most are beta at best. Which is also fine. I'm just not ignoring that reality like many others saying I should be spending more. It's a fucking nightmare to keep zaps working.

I agree. But I just use WoS for that and it lives up to it's tagline.

Laeserin 8mo ago

Someone remind me how to get my sats out of Minibits, again? 😂 Still can't zap from there.

crany 👽🧡🗿 8mo ago

healthy criticism of LN at current form for US, Europe, and other places with mature digital fiat payments.

My trips to El Salvador and seeing custodial Blink wallet in action give me hope for future Bitcoin LN adoption in developing countries and for remittances

noncustodial and decentralized is indeed very complex

Roland 8mo ago

Have you tried Alby Hub? I lived off my self-custodial lightning wallet spending bitcoin for a month in El Salvador without a single failed payment. (Accomodation, food, groceries, bitdriver etc)

No, but it's on my list now as a potential option.

Dikaios1517 8mo ago

Self custody lightning is definitely rough. That said, if you think it's bad, you should try self custody digital payments with fiat. Makes it look like a cake-walk.

Lol Fair enough.

21seasons 8mo ago

Have you tried Phoenix? It's awesome and it's fast!

₿oniz23⚡️🏴‍☠️🇮🇹 8mo ago

Well yes it's true! The non-custodial experience is terrifying