me all day every day explaining the same old shit over and over again to big brain criticism autists who sit at the side lines and watch productive people build shit so they have something to complain about
YES CASHU IS CUSTODIAL YOU IDIOTS IM PROUD OF YOU YOU'VE SUCCESSFULLY READ THE FIRST PARAGRAPH OF THE GITHUB REPO
With a kyc mint is it just the users of the mint or is kyc needed for the mint operator as well?
oh yeah, kyc me baby, harder, oh yeah right there, extract my sovereignty harder, oh yeah
find god
Iβm genuinely curious with my questionβ¦
there is no kyc, just use the mint
trust the mint bro, the mint will always be online and the operator will never be dodgy
I thought you or someone was going to implement optional kyc at the mint.
The only thing I can think of that you are referring to is the idea of limiting your mint to certain people (e.g. a small community) without falling back into accounts so you never know 100% who spent what and when.
The idea would be to provide a KYC gated way to MINT ecash by paying a Lightning invoice, but spending is unlimited.
So imagine in a community of just you and I, if you wanted to give your friend Bob ecash, you could, and Bob could spend it too, but if Bob wanted to mint ecash to give to you, he can't. Bob is a second class citizen relative to my mint.
The mint never knows who is spending ecash, but the mint can lock away the ability to mint ecash behind a gateway that only certain people can access.
Bob has to pay you the sats directly or pay a lightning address that prompts the Mint to give you the ecash. Bob won't get those ecash tokens himself.
KYC in this context is not official business KYC, it can just be "oh I know that npub, and I trust it. I'll let them be part of my mint". If a business wants to apply real KYC, they can build that themselves.
Also, this would be about identifying customers, not mints. It is not up to mints to reveal themselves to customers, it is up to customers to demand that they reveal themselves or refuse to use their services out of principle.
Using a free mint because they are "cheaper" than the other ones that identify themselves is a risk YOU take to get a better deal over safety.
Why use a custodian when you can just learn Linux, buy a node from start9, master lnd,b manage your own liquidity, put millions of sats sats in a hot wallet to send a 21 sat zap?
π
LOL
or you could trust a mint and hold your tokens on your hard drive and and then try to spend them when the mint is permanently offline, and they never let you know
meanwhile my alby hub i can restore it with 12 words, and i don't have to run a server or any of that shit, because alby have a hosting service, you know, like a VPS with an app installer
and worst case those coins are stuck in limbo until the other side closes the channel and then i have control again
mint goes down? rugged, bro, rugged
and that's what mints are gonna be all about, rugging, one or two solid ones, and the rest rugs
lightning, on the other hand, at least you will eventually get your sats back
assclown
Probably took you 20 mins to type this message noob
Um... I may have just lost all my bitcoin on Alby Hub.
Still waiting to find out if it is, because the channel closed on me without any prior notification, or if it just vanished into the void.
I just hear all this debating constantly back and fourth of lightning, ecash, lightning, no ecash!
All I am really thinking is. Why the fuck are people so impatient?
Let's go back to our roots and give Nostr users the 3rd option.
Traditional good old fashioned no non-sense, no bullshit, regular bitcoin address fields on their profiles to copy pasta for manual transactions to support your favorite users on Nostr.
So what if it is a little slower.
Patience is a virtue and I believe it is worth waiting for.
channel closes can take some time to clear
the channels always close and some of the balance goes to one side and the other, to the other side
there is no "nope, channel gone" situation, the channel is literally on chain and either side publish it, it's closed, and the coins go to the addresses that set them up
ecash it entirely depends on the mint, this was the whole reason why we have lightning, because it's better than ecash
That I hope is the situation. I am having a weird one where the app auto-crashes upon login. I reinstalled it onto another computer, but I have no indication of whether the channel was closed, or funds are gone.
the funds just aren't gone if you have the key to the channels (seed key) it's just a regular bitcoin wallet, and each channel is based on one of the keys from it
it can sometimes take time for the other side to recognise a problem, and equally, sometimes the other side can think there is a problem and publish the state and force close on you
i don't know exactly what the issue is with your situation but you can use that same seed on another lightning node and gain access to the state of the channels that way
I lost around 60k+/- a few k sats when I updated and alby and channel closed. Seeded back no sats. Pretty sure I screwed up something but still going to try and get them back.
Hmm, try do a full re-scan of the wallet from Alby Hub settings -> Debug Tools -> Clear Routing Data -> ALL.
If that doesn't work, visit us at support.getalby.com
Thanks!
there is one, where both nodes die
SCBs only tell the other node to force close
otherwise the channel is dead but can be recovered with cooperation
nostr:npub1getal6ykt05fsz5nqu4uld09nfj3y3qxmv8crys4aeut53unfvlqr80nfm please let this guy know what he can do about his stuck hub
Second that. We should add Bitcoin address fields for on-chain transactions. π«
nostr:npub1wqfzz2p880wq0tumuae9lfwyhs8uz35xd0kr34zrvrwyh3kvrzuskcqsyn
Not against this. A kind of pure nod to Satoshi too.
I'm now staring at this post and wondering why this is not yet a thing on Nostr, even though most of the people on here are Bitcoiners. π€
Yeah same. Slower and up/down fees I guess but why the heck isnβt it an option? Just added an on-chain address to my profile because why not π
Same.
And also trying out Bolt12 Lightning address because why not?
It really needs to be. It would make things so much less complicated for Nostr users. Open up a whole wide world of compatible Foss wallets too.
Not having to worry about self hosting lightning nodes, finding a reliable lightning wallet service provider, or which ecash mints are trustworthy.
Just pure 100% organic all natural Bitcoin. Like good old farmer Satoshi intended.
Just donβt send 1000 sats at a 1.04 sat/vB fee if you donβt like waiting π
Kind of feel like Michael Scott from the office right now.
I have not a fucking clue how long that would take.
This is why I really need to learn more about Bitcoin from a highly technical standpoint. I've never paid attention to fees. I just always expected a certain amount of my Bitcoin to go poof and never receive the full amount I send myself.
Like a dumbass who still thinks he is loaded with enough money to make it rain. Even though that is definitely no longer the case. For now.....
I need to ditch my father's educational foundation of wasting fucking money.
I've been thinking about extra metadata tags for this... tag represent the asset, the second string in that array would be an address to receive that asset to. This way you could do BTC:address or LBTC: for liquid or XMR:address for monero etc.
The profile could show a donate button with the picture of the asset if they wanted and when you tap it, it opens your wallet to send to that address.
Sorry for your loss. Have you any idea about how that did happen? Was the node hosted on some quasi-custodial stuff like phoenixd?
I'm highly supportive of the "onchain address" idea btw: blockspace today is very cheap.
Absolutely no idea. No indication if the channel was closed. No idea what happened to the funds. The original app installation within a virtual machine crashes after a successful password authentication. No error messages in the terminal. Reinstalled the app on another machine. I see a transaction history, but all my funds have vanished. No clue if I will ever get them back. Alby Hub support told me I was too advanced of a user to support. So I am up shits creek without a paddle on this one.
I still can't grasp the boundaries of this. Was that the custodial version of Alby? Were you self hosting some kind of LN node? If so, which implementation?
If the channel was forced closed funds should appear onchain in max 2 weeks
Really sorry you have to deal with that.
as the troll said, you should be able to reclaim your channel balances.
I'm glad you posted this.
I made the decision four or so years ago to ignore LN because I didn't have the time to deal with these headaches.
Since the tools have improved considerably in the last year been thinking about getting into it in a serious way.
People like nostr:npub1yxp7j36cfqws7yj0hkfu2mx25308u4zua6ud22zglxp98ayhh96s8c399s keep asserting that anybody can run a LN node and manage their own liquidity without significant problems.
Personally I'm not convinced LN will EVER be something the end user directly interacts with. Maybe its just another settlement layer.
Its just not useful to maintain that infrastructure just to be able to send a few hundred dollars worth of sats and you might as well use a custodian.
Either way though, like you said
I'm gonna wait a few more years.
if people actually used btc peer 2 peer in their everyday dealings...like at the grocery store, lightning becomes very powerful compared to on chain btc and monero. especially uf you could open channels to vendors you buy from.
but, at least where i live...so fking far from that.
yeah but there are very few local businesses I would be comfortable opening channels with.
not because they are unreliable but because they don't understand the infrastructure.
and can you imagine trying to figure out the LN policy of larger companies and dealing with customer service if they close on you?
I find it hard to believe
at this point anyway
that every business is going to employ a LN node manager.
more likely they just outsource it
if theyre offering LN payment at all.
very true, what a ridiculous nightmare that would be. i was,thinking more like...my local handyman or. ..barber, something smaller. but yes youd inevitably run into a shit channel partner operatng in this manner.
π€
totally
otoh I'd love to have channels with other bitcoiners that I regularly transact with!
even if it's just on Zeus and we spend a sec to sync up before sending.
do you not think that this means you shouldn't be wasting your time with 1983 technology when all the problems of Chaum's invention are solved with bitcoin?
didn't read
I'm a very happy person
It's because you're able to smoke so many cigarettes at once (and also hold some behind your ear. (watch out, its lit))
π€£π€£π€£
it's fiat
this is a scam, and it just is not welcome
i am not ok with ecash, at all, and anyone who is, be it known to them that i am not ok with them either
I like Bitcoin, I like lighting. I like ecash
Please elaborate in greater detail why.
I've been debating making the switch to cashu, but now with this post, I would like to be well educated on the subject matter.
It's custodial lightning with the best privacy you can get.
Sounds like a bit of a misnomer.
While I can't say that I am in any better of a situation right now using Fountain.fm as a stop gap measure. Custodial anything quite frankly terrifies me a bit as someone who has lost the ability to trust anyone.
Thanks for the clarification.
misnomer?
Custodial + Best Privacy You Can Get = A name wrongly or unsuitably applied to a person or object (Misnomer).
Now while from a technical standpoint you can make something private and give it to someone to hold onto for safe keeping. The best privacy I can get is non-custodial and in my own hands.
I know it sounds weird at first. Check it out:
cashu.space
docs.cashu.space > Resources
I did. The technology is cool. Don't get me wrong. Not knocking the project at all. I am very neutral in this situation, because I am not well versed in the underlying technologies of cashu, lightning, or even bitcoin. I am just an advanced user trying to share wisdom and make memes while trying to earn an honest living on Nostr while I am unemployed.
I am just not the type of person who likes custodial anything. Even if in your eyes that makes me an inept dumbass who just doesn't get it. I've been stabbed in the back more times than I can count. Rug pulled by multiple crypto exchanges.
At this point you can only get beat the fuck up with custodial options before you say hey, maybe I should just take this bitcoin, magically turn it into off-lightning network bitcoin, shove it in a trusted non-custodial wallet, put it in a hard drive, and have a well documented boating accident to lose it like the good lord intended us to.
ok
lightning is literally never custodial if you are running it, because there's you, and teh other side
ecash the locus of control and power is entirely on the side of the mint
it is literally just like a bank, it can say "you can't access your account because reasons" and gone
this can't happen with lightning, worst case is you are unable to access your coins until the other side wakes up, and usually the best option is to contact them, to prompt them to close it, or, if you use your channel keys to trigger closure from your side
again, repeat, again, this is not possible with ecash, ecash is 1983 technology and it never caught on for a reason, and calle is a shyster
"I'm not ok" ππππ
I believe this photo needs more cigs.
Heres some Sats β‘please stay strong. Still one of the best in explaining complex ideas π§‘
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
- Satoshi Nakamoto
Appreciate you calle
Silk road was custodial.
Silk road was revolutionary.
Custodial technologies can also be revolutionary if we use them for liberation and freedom.
Two common things bitcoiners miss:
1. You can't remove trust from every economic interaction that happens between people
2. Even if end up with a new system of trusted third parties in which users have the option to participate without those third parties, it is a material improvement to replace the current financial and tech/comms incumbents
1. bitcoin onchain is trustless - anything else is a compromise
2. the same bobble heads will be conttrolling the new system soon enough, don't worry
