Nostr Web Client

One thing that Wallet of Satoshi did very well was a seamless move from Lightning to on-chain.

With nostr:npub1xnf02f60r9v0e5kty33a404dm79zr7z2eepyrk5gsq3m7pwvsz2sazlpr5 it seems like you need to fully close the channel to move funds on-chain. Is that correct?

Phoenix handles the UI quite well, but you basically have to pay two on -chain fees for every transaction, because their splicing means a reduction of capacity for each outbound send (thus requiring another channel splice on the next receive).

Does nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm allow you to receive a balance on LN and send those sats to an on-chain address? How does the fee structure work, if so?

#asknostr

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Discussion

SunshineAndRainbows 2y ago

This is all so confusing.

Why haven’t any of the clients solved this?

#asknostr

The Daniel ⚡️ 2y ago

Because it’s actually very hard to do. There are trade-offs any way you go.

Иван 2y ago

they did, it's just a matter of price.

SunshineAndRainbows 2y ago

Wait, you could easily move Sats to on chain with WOS?

boston wine 2y ago

Yes, I think it cost .1% of the transaction plus the miner fee, or something like that. Typically it rounded out to the approximate cost of a “next block” miner fee

Tiago 2y ago

I'm new on It, what's the best option for lightning wallet?

boston wine 2y ago

It definitely depends on your use: for sending/receiving zaps on nostr, or a day-to-day spending wallet…

Tiago 2y ago

There is no option for both uses in the same wallet?

Иван 2y ago

Electrum

OT 2y ago

Correct answer

The Daniel ⚡️ 2y ago

Zaps require a web server, which is why it’s mostly used by custodial wallets. Self-custody wallets don’t need to be online all the time to function, they are just active when you need them, but they can’t generate invoices when you’re not using the wallet.

The Daniel ⚡️ 2y ago

You can have more than one. They all work a differently.

The Daniel ⚡️ 2y ago

Alby has no on-chain option. It’s just a pure custodial Lightning wallet that you can import into an app on your phone and use their free LNURL for zaps.

boston wine 2y ago

I thought you could at least receive on Alby from an on-chain send? But I haven’t used it in a little while so I may be misremembering that.

OT 2y ago

Its hard to know cause its closed source & they never really wrote anything about how it works on the back end.

I'd be interested in seeing some on chain TX sent to WoS & how they used it on the actual block chain.

boston wine 2y ago

I would too!