The Orange Flash of #Freedom: Understanding and using the Bitcoin #Lightning network

by nostr:npub1m2mvvpjugwdehtaskrcl7ksvdqnnhnjur9v6g9v266nss504q7mqvlr8p9 #bookstr #BTCEDU

#Bitcoin has created digital gold - empowering many people to freely transact using a non-inflationary, non-manipulable hard form of money. The Lightning network builds upon this #innovation, offering a fast, scalable payment network, that can be used to instantly send and receive money over the internet. It is a basic protocol of the internet, similar to e-mail for communication, or web for accessing information or apps. #Lightningnetwork can be as complex as you need it to be. Installing and using a current generation bitcoin wallet that supports lightning can be learned in under three minutes. This book gives you an overview of various wallets, the inner working of lightning, bitcoin fees, and proposals to make Lightning scale and be an interoperable payment protocol, even beyond Bitcoin #blockchain.

Whether you are a beginner or an advanced user, you'll discover that installing and using a modern #Bitcoinwallet with Lightning support can be mastered in just a few minutes.

https://hackyourself.io/product/the-orange-flash-of-freedom-understanding-and-using-the-bitcoin-lightning-network/

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Discussion

I installed a lightning node on umbrel and tried to setup a channel. Lightning found a trillion reasons to not setup a channel and play chicken with me. This is just not a viable, good solution imho. I start to feel like eCash (CashU) without the Lightning-middleman is the way to go for broad adoption. Lightning sure can always be a part of the equation, but it should be demoted to purely optional 🀷

coincidence? today I am explaining that

there are no coincidences!

This is a good book to read and learn more each day thanks😊

everything nostr:npub1m2mvvpjugwdehtaskrcl7ksvdqnnhnjur9v6g9v266nss504q7mqvlr8p9 authors is top notch! check everything on his website: https://hackyourself.io/ #hacktheplanet ⚑️