For large digits if you don't have your own lightning node with an open channel with a very large digit, you have to rely on custodial wallets and then swap on-chain to your own cold wallet.
This is not very practical.
NFT in my personal opinion are useless, I do paintings not digital images.
You take a picture of your art for nft.
you add in the copy, the physical painting comes with it.
When your buyer sells your nft, he also ships the art to a new buyer. All new buyers do the same. you can have 1000 buyers, decades later.
you claim your painting's copyright being the first ever posted. You have a trail claiming your art first for the courts. timestamped. You get royalties on every sales.
Old paintings are not good without documents, proofs in writing. Those documents are part of the value of the paintings. This helps against fraud.
nfts helps prevent fraud. 500 years later you would have all these trails, documents and proofs your painting was done by you. Your great, great, great, great grandkids will still collect royalties with the password keys you gave to your children.
Thats what I'm doing. You can note nfts are included in your physical art. When your buyer buys your physical art, you tell them you'll gift that nft. it doesn't have to be on sale. You can transfer the nft to your buyer. I would let them buy the nft first so I get royalties and it gets documented.
This bypasses the middleman at art galleries like bitcoin bypasses the banks
what do Nostrians think about this?
Thanks 🙏
opensea is very dead to me. They said I could upload under 100 (?) mg image. I did and it worked. Months later, I went back to check on the resolution and found Opensea resampled them a lot smaller like 5 mgs. Opensea violated the user contract and they belong in jail. Mark Cuban warned OS about royalties. https://dailyhodl.com/2023/08/20/billionaire-mark-cuban-says-nft-marketplace-opensea-making-huge-mistake-with-new-royalty-system/
I asked AI on this: You are correct. If you don't have your own Lightning node with an open channel with a very large digit, you will need to rely on custodial wallets to send or receive large amounts of Bitcoin. This is not very practical because it requires you to trust a third party with your funds.
There are a few ways to avoid this. One way is to run your own Lightning node. This will allow you to open channels with other nodes, including those with large digits. However, running a Lightning node requires some technical knowledge and resources.
Another way to avoid custodial wallets is to use a decentralized exchange (DEX). DEXs allow you to trade Bitcoin directly with other users, without the need for a third party. However, DEXs are still in their early stages of development, and they may not offer the same liquidity as centralized exchanges.
Finally, you can wait for the Lightning Network to mature. As the network grows, there will be more nodes with large digits, and it will be easier to send and receive large amounts of Bitcoin without relying on custodial wallets.
