a lightning address service that automatically forwards to a liquid address could be an interesting tradeoff balance for new nostr users
Discussion
Tell us more about it! I’m a newbie!
Like this one?
This. Don't know why more people recommend boltz than classic coinos. Classic coinos has always been on fire regarding swapping lightning to liquid
Honestly wish there was more liquid usage as a mid-level stacking option that can be secured with hardware.
Stack on lightning, swap to liquid cold storage, swap to on chain when you hit a larger threshold.
I also wondering the same. It is similar to coinjoin. Isn’t it? Move coins to lightning > liquid > back to cold storage.
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After I emptied out my muun wallet a few weeks ago, I'm not feeling easy about that wallet, I had some sats that I didn't want to push back onchain as I'll defo need em for payments in the near future. I put a chunk on my voltage node but I always had a nagging feeling that I would feel more secure with them somewhere else. Liquid gives me my own keys and looks like a nice solution. I would note though that Boltz.exchange has a minimum sat amount for swapping into Liquid. I have been doing a bit of homework to ascertain how "stable" Liquid really is. Anyone have any thoughts on inherent risks, (depegging?) of Liquid as a protocol?
Pretty good plan
This is exactly where my mind has been over the weekend. Liquid might be an alternative option to the custodial lightning wallet for squirrelling away sats.
yeah with a threshold at which amount the forward would take place. or you could just use https://liquid.boltz.exchange
I've never used liquid. Most haven't.
Same.
But having used the recent ecash releases and thinking about things more, it's sounding more useful.
Do it
I've been doing this lately since Boltz swapped from lightning to liquid
An all inclusive service that is the foundation of moving between #lightning, #liquid💧 and main-chain #bitcoin .. fully automated to your preferences and settings .. with #lightning addresses, #liquid💧 confidentiality and main-chain reliability .. in an app like wallet ..
If only my coding experience moved beyond basic Pascal ..
🤙🏼
Jade holding Nostr keys and mining a solo block in the background is
wild
Just use fedi at that point.
I think keeping it simple for new nostr users who will in time also be new bitcoin users is best.
Having said that, I'd like to see better custodial tradeoffs available. Liquid & Fedi are both promising to me in that you don't need to be an LSP to use them.
The privacy gains are huge as well.
Personally I spend more lightning sats than I receive. Perhaps this feature would appeal to new nostr content creators when they arrive.
Interoperability between ⚡️ on #bitcoin and ⚡️on Liquid
I recall Adam noting that the cryptography for doing this trustlessly was do-able
Has lots of interesting implications
- privacy
- liquidity
- .. 🤷♂️