You pay off people with influence.
My network is not for sale but I accept donations.
Found and boosted on insta, fight poison with poison 🧐
You create a channel to someone by funding it with on-chain bitcoin and by linking to their address.
For instance, you can see mine here: https://mempool.space/lightning/node/024ff0d07634390efb131904b10a64cf2e3300574b51902d493a360fb522f486fc
1. Fund your node's BTC wallet by sending some to it.
2. Connect to the peer you want to establish a channel with - you just need their node's public key, address and port should they use a non-standard one.
3. Create a channel by binding your on-chain value associated to your node's wallet to that channel (aka. funding).
Now that the channel is established, it's total capacity equals the bound BTC value; meaning if that channel was funded with (converted) 500.000 sats, this is now it's max capacity. In fact, this is the kind of channel I have with Fishcake. Should I get zapped so hard that I would technically reach this limit, i could not receive any further zaps unless me or him were to increase the channel funding.
Should, for whatever reason, the channel close, then the accumulated value is split to their respective owners and transfered on-chain. However, this includes fees... So in most cases, you make a few channels, and that should do for a long, long time. I am FAR away from even reaching that 500k limit.
Thing is, as you can tell, you need some BTC before you can even get started. And this is a huge barrier of entry for many. I was SUPER lucky that Fishcake decided to build a channel with me. Absolutely amazing and I feel very fortunate for this. ^-^
That said, if you ask around here on Nostr, people will likely help you get a channel set up.
A channel is always based off an initiative; you *have* to create the channel - you can't just automatically receive it. Likewise, someone else has to have the initiative to build a channel to you.
I hope this helped!
Ah thank you so much for the explanation. 🙏
I got some btc collecting dust in a drawer somewhere. Might try it.
But last question, if you and i open a channel of 1k and let's say I open up a stall selling tomatoes. Then I can't actually make any money unless I first spend that locked up 1k and can only accept sales up to 1k??
A channel is your access to the network. If I were to close it, I would have to make a new one and thus fund it. Uh... I am not the best to explain this, honestly.
Apologies for the ping guys, but, help? ^^'
nostr:npub1m0sxqk5uwvtjhtt4yw3j0v3k6402fd35aq8832gp8kmer78atvkq9vgcru nostr:npub16vzjeglr653mrmyqvu0trwaq29az753wr9th3hyrm5p63kz2zu8qzumhgd nostr:npub137c5pd8gmhhe0njtsgwjgunc5xjr2vmzvglkgqs5sjeh972gqqxqjak37w
I think I get it, do you need to link with someone to start channeling?
Yes but um I mean then you implicitly have bitcoin? or you never close the channel?
Isn't lightning the same as Bitcoin? Like how the heck can you have zaps without btc?
Halloween is coming up, have some nightmare fuel
https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Microsoft#Acquisitions
I'm still half conviced that the conflicts are erupting because of failed trust systems, and the emergence of trustless/distrust systems.
It looks to me as if the first world, is trying to push the frontlines using money, buying media and fireworks.
And then there's some dude in a helicopter pouring gasoline on neighbours just to avoid dealing with the wife.
It dosent make sense, but that's all I know.
You know my country has issues too, like it's gunning for CBDC.
Because people keep watching the pretty fireworks - all the homeless and the paperless are going to starve.
Today I gave a beggar the spare coins I had in my pocket.
And tipped the bolt driver 1€
What's wrong?
Last evening at the hackparty.
Grateful for the time, sad it's over.
:'-)
What you resist will persist
Greetings from Portugal / WACC2023
I use 1K, it's not for everyone but it does what it's supposed to do.
Topical relays 👇
nostr:note1jkkdwtlgf2cthuhd6c7qdptyqaxv9m80qteq7gx47t4qws65u9rq6thn3w
What if nostr:npub1acg6thl5psv62405rljzkj8spesceyfz2c32udakc2ak0dmvfeyse9p35c could write his thoughts on this conflict on a relay that is dedicated to these themes, and instead of having to attempt to compartmentalize in this way, the conversation would naturally trend towards such relay.
Not interested in it? Don't connect to the relay.
Ofc, all clients fall short of making this UX possible. But the protocol allows it and we should build software that enables it.
Please consider powmem for deterministic content and spam redistribution.
I would've written a NIP, but I lack the experience and time to do it alone.
portugal 🤘👊 #reboot
Say what??? Did the staff smoke too much?
That's not very human right..
I hear ya buddy, whatever it is, just let it go.