All services are graphically unattractive, user interfaces unintuitive and complicated, customer contact non-existent (most prefer to contact me in DM on Nostr or SimpleX), lightning purchase is fine for small amounts, otherwise on-chain payment is more than fine.
In short, I have wasted a lot of time setting up three marketplaces but so far none have the appeal of an Etsy, Shopify or eBay.
For now it is still too early for a real marketplace on Nostr, maybe later.
why won't lightning purchases be fine for large amounts?
I'm thinking of selling on nostr.
I worry about zaps done multiple of times for one painting. Or the person claiming they didn't get the shipping. I also worry about not refunding says back properly like they claims not to get the refunds.
Have you tried NFTs?
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.
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.
I came across something you said. You said, " lightning purchase is fine for small amounts, otherwise on-chain payment is more than fine."
This AI said (see below), "It is suitable for small-sized payments ".
I'll have to read this again. Thanks
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AI -> Bitcoin Liquid Network VS lightning
The Liquid Network and the Lightning Network are both layer-2 scaling solutions for the Bitcoin network, but they serve different purposes and have different features. Here are the key differences between the two:
Liquid Network:
The Liquid Network is a sidechain of the Bitcoin blockchain, meaning it operates alongside the main Bitcoin network.
It is primarily designed for use by exchanges and businesses that require fast and confidential transactions.
Liquid allows for the issuance of assets (such as security tokens) and the trading of multiple assets outside of Bitcoin , like USD and stablecoins.
It provides fast settlement times and transaction confidentiality.
Liquid is optimized for transactions involving large amounts of Bitcoin , making it suitable for wholesale trading and inter-exchange transfers.
It is not suitable for micro or everyday payments, as it is designed for larger transactions.
Lightning Network:
The Lightning Network is a payment channel system built on top of the Bitcoin blockchain.
It is designed to facilitate fast, low-cost, and scalable transactions for everyday payments, particularly microtransactions.
Lightning enables users to open payment channels with each other, allowing for off-chain transactions that can be settled later on the Bitcoin blockchain.
It is suitable for small-sized payments and provides a way to make instant payments without relying on the blockchain's confirmation times.
Lightning is optimized for use in retail settings, allowing merchants to receive micro to small-sized payments from customers cheaply and quickly.
It does not provide the same level of transaction confidentiality as Liquid.
In summary , the Liquid Network is focused on larger transactions, asset issuance, and inter-exchange transfers, while the Lightning Network is designed for small everyday payments and micropayments. Both networks aim to provide scalability and improve the usability of the Bitcoin network, but they serve different use cases.
Yes indeed, even the Liquid network would be perfect for figures around 1M sats, but not everyone has those figures on that network.
I would be very happy to receive payments in Liquid.
