I'm sorry but I won't zap you fake casino chips. Let me know when you can receive real bitcoin in self-custody and we'll talk.
TODAY MARKS THE COMPLETION OF AN EXPERIMENT WITH NOSTR THAT I STARTED WHEN ZAPS WERE IMPLEMENTED
I WANTED TO SEE IF AN ANON NPUB COULD CREATE ENOUGH VALUE TO BE ABLE TO EVENTUALLY STACK ENOUGH ZAPS TO OPEN A SELF CUSTODY LN CHANNEL
I WAS CURIOUS IF A NOSTR NATIVE COULD ENTER BITCOIN FROM LAYER 3, EARN KYC FREE SATS AND MOVE DOWN THE LAYERS
STARTING WITH WOS, JUMPING TO MINIBITS, THE MINIMUM CHANNEL SIZE GREW TO 100K SATS ON ZEUS AND MUTINY.. THEN FEDI ON MUTINY
NOW WITH LOW ONCHAIN FEES, AND A FRESH UPDATE TO nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg WITH THE SWAP FROM FEDI TO SELF CUSTODY LN CHANNEL
I HAVE MADE THAT CYCLE REAL
NOSTR AND LIGHTNING CREATE A WHOLE NEW WORLD FOR PEOPLE EVERYWHERE TO GAIN THE BENEFITS OF BITCOIN
Discussion
Is an LN channel created in Mutiny with LSP not self custody lightning for this experiment?
Yes. But their LN address uses fedimint, so you wouldn't be using your channel directly AFAIK.
I still have minibits for zaps. The goal is to see how far down the stack I can get with zaps. Setting up soveriegn zaps is another quest.
And you don't see why the temporary custody tradeoff is warranted here? Seems to me that this flow adequately preserves the KYC free status of those sats while giving a relatively clear path to self-custody. Not sure how that's a bad thing 🤷♂️