Nostr Web Client

Greeny 1y ago

% of stack in cold storage

% of stack on layer 2s

Lightning and liquid

Like 90 % cold storage and 10 L2?

Honestly considering a 50/50 split up of my total net worth .

I know people say UTXO consolidation/ hygiene/ management

Or like run your own lightning node and open channels…. Etc

And I’m not only talking about fees going up forever

But on top of the fees… like even if u could afford it…. The block space scarcity alone will become like ok so

The way I understand it

The network can really only handle 200 million transactions per year or something like that

So if 8 billion people are all trying to do it…. It’s not possible

U might only be able to get in a block like once every couple years if your 🍀….

I’m tripping

And I’m an idiot

But let’s discuss???

#asknostr

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Discussion

Beiner 1y ago

Not 8 billion ppl will be on the network. Do you transact everyday in bitcoin are buying everything you need with bitcoin if yes move a lot to lightning

If you not there is no need to worry just chill and stack. Memeing doesn't last for ever and thats whats going on the chain.

Diyana 1y ago

What's Memeing? What exactly is happening? I see people are freaked out about high fees it seems? Or is it something else? I am obviously of the second class so have zero action atm. Happy to have moved off exchanges right before halving.

Zee 1y ago

If you have self custody over your LN channels you can keep whatever % of your net worth on them as far as you trust the hardware you run the node on.

I already had a scare last year when my node's data drive suddenly died and I almost lost all of the funds stored on my lightning channels.

So make sure you account for that.

For my personal use I keep under 5% of my sats on my lightning channels.

Under 0.1% spread over custodial lightning services like alby, and minibits.

I stack on lightning with the @lnp2pbot on telegram and when my channels get too full I just make a large swap to cold storage where I keep the rest with UTXOs that are not smaller than 5 million sats.

When it comes to liquid I've only used it once when my disk died last year. Fees were over 500s/vb and since it took me some time to repair my node all of my lightning peers force closed the channels forcing me to use liquid and custodial lightning solutions until fees went low enough again to justify opening channels again.

My advice is learn the trade offs of each tool and use it when it makes sense for your current circumstances. And evolve your use cases as the circumstances, and the tools change.

Diyana 1y ago

What is this telegram stacking you are doing?

Zee 1y ago

it's a telegram bot that creates boards where people can buy or sell bitcoin p2p.