Advice please on setting up a zap paywall..? #advice #grownostr #onlyzaps 🤞⚡️⚡️

What's with all of these “fake” likes from empty Profiles?

How do I zap or get zapped

To clarify, Jade is a hardware wallet, but it also has a software app that pairs with the hardware.

Right now fees on the main chain are very high due to Ordinals. However, the good side of this is that by necessity it'll force accelerated development of the Lightning eco-system (it's the only reason why Liquid suddenly came into play. Liquid has been around for years now, but was ignored by most), as well as other Layer 2 solutions such as Ark, as well as other Layer 1 developments such as Covenants.

It's just not a great time to transact on the main-chain, and hence, cold storage is affected. There are theories that the main chain will never see cheap fees again, which could be true, in which case cold storage will need to happen in Layer 2 implementations such as Liquid, or with other developments that are on the way. For now though, best thing is to wait it out as best as possible. You may not realise, but we're going through a bit of a storm :D

I may have misunderstood.

If you're talking about cold-storing sats as lightning, then not possible/feasible at this time.

If you're talking about swapping lightning sats to Bitcoin on-chain, then that's just the case of a wallet integrating, for example, Boltz's API.

One that's done this I believe is Breez.

That being said, for the time being you could use the WebApp - Generate a Bitcoin address from your Jade, and input it as the destination for the Boltz swap. But yes, the Jade Software app would need to integrate Boltz's API.

Regarding Boltz, careful with the fees. It seems they're doing a double on-chain TX, not sure why, but ends up being quite expensive. Still trying to figure out what I'm missing there.

Also, I know you mention boltz as an example, but there aren't many trustworthy services that do this yet, especially with lightning. Some of the others that do this delve too much into shitcoinery, and from what I've seen Boltz is recent but their API is comprehensive and approachable. So quite possibly, in a few months, we might see a lot more integration.

Not to my knowledge, but there's good reason for this.

Make sure to DYOR though after reading the below.

Liquid assets are stable and harder, in the sense that they get added to a ledger, not unlike L1 Bitcoin.

Lightning is different. It's has superior decentralisation, but due to the nature of how LN channels work, you can't have cold storage. Channels are always at the mercy of both ends. Even if I'm looking to maintain a channel active forever, the other end may not (not to mention, you should settle on-chain at some point anyway).

Worth noting,

Jade as a hardware wallet is made by Blockstream.

Blockstream made Liquid.

Liquid is federated.

While you may hold your own Liquid assets, the federation is highly centralised (about 16 entities I believe), hence it's easier to organise such things like an 'L2 cold storage'.

The idea is that you never trade with the same person/entity twice, and you do so via means that obfuscate as much of your information as possible.

Example, you may hate paypal, or revolut, etc but the only thing the person at the other end gets is a username.

Meanwhile paypal or revolut have no clue what the TX was about.

So you decentralise risk.

With CEXs, they know your details (they see it coming from whichever bank details you give them), and they know exactly for what purpose. To

That's the difference. It may never be used against you, but we know the direction things are headed, and if it comes to pass, CEXs are like a honeypot of information and have no choice but to comply (WoS literally left the US market recently because of this. Good on them, but it can only do this so many times, and few companies would be willing to leave a market as big as the US).

There is - they call it soft KYC as they know the bank you sent the fiat from. Also recent victims to regulation in the UK so those transactions have now been entirely halted.

I grew up in the 80's. We were told fat was bad. Carbs were good. And for a period of time eggs were bad. Teflon pans were a technological advancement.

Today's breakfast is eggs fried in lard (from our farm raised hogs) in a cast iron skillet.

Keep learning.

Question everything.

Eat real food.

#grownostr #foodstr #farmlife

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Sure, I'm not suggesting it has KYC veriofication processing, but it keeps the payment data continuously and knows where it came from, assuming you don't pay with mailed cash.

Pretty good indeed.

I suppose my issue with CEXs is that sooner or later, they all get targetted for regulation and they keep information from their customers so the fiat link is easy to make.

Example, if you pay with a bank, they have that info.

From the get-go I got myself used to using DEXs so no KYC coins. Just hope it doesn't come back to bite people in the ass :)

Be sure to whirlpool those coins at least, then you can say you lost it in a boating accident ;)

Highly recommend RoboSats.

Straight to lightning and can always swap to on-chain during low-congestion mempools with full control over fees.

Is Iron Man a movie worth watching?

#nostr #grownostr #twitter #zaps

What do you call Santa when he stops moving? Santa Pause.

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