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?
Discussion
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.