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Dion Wilson
1d23da07a20f1df185a9a7b5c150e201c07a4ae42620631767771ef4b3291d97
Bitcoin = Freedom
Replying to Avatar GrumpyGardener

Oof... I get the delemna. I agree, there's some work to do. Lots to unpack there. First, I will say, that strike is a great option. They do a great job of abstracting most of the Bitcoin confusion away from the user and just let them use the payment rails seamlessly. It's beautiful. It's the app that I use to onboard people to Bitcoin.

But, the ethos of Bitcoin is self-custody and strike is custodial. You can't get into self-custody until you take the time to understand how Bitcoin works. Many of the apps that are built can't abstract that piece because users need the ability to connect to their set-ups (nodes).

As far as L1/ L2... "Lightning" is basically a smart contract between two parties. It creates a relationship on L1 for a fixed amount. This is why with most wallets, you first fund the wallet, then you open a channel. Once the channel is opened, you'll have outbound liquidity. It's like opening a tab at the bar. You can make payments to the bar, but you can't really receive payments that way.

You don't really "fund L2" as much as you are opening a payment channel using L1. I guess people say "funded" because the funds are now locked into a payment channel. That network of payment channels is the lightning network.

There's no getting around the fact that once you get into self-custody, the waters get very deep, very fast. Personally, I do believe that custodial services will be a must in this space as much as it pains me. The average user is just not going to go through all of this.

Thanks for helping clarify. So if you don’t really fund L2 , does that mean you have to continuously open additional payment channels to add more funds to L2?

Well, like I said, I am in the process of trying to understand the lightning network. I started with phoenix wallet that was pretty easy set up. We know what happened with phoenix in the US.

Now I have downloaded Mutiny Wallet and ZEUS . So now I’m understanding that these wallets all have different features . I’m also learning that having a wallet doesn’t mean you have a lightning address . This is where the confusion starts.

The next confusing thing is funding layer 2 from layer 1. I thought with the wallets having on chain and layer 2, I would be able to send the on chained to layer 2, but that is not how it work. I understand that I need a second channel. But that in itself is confusing as well because if I’m trying to send on chain Bitcoin to the lightning network, I don’t understand what the second channel role is.

From the tutorials I’ve been watching everybody funds their lightning wallet from another lightning wallet, so the question is how do you fund the initial lightning wallet? I was able to fund my wallet because I had already been able to set up a Phoenix wallet .

Now I’m confused on how to add funds to layer 2. In addition, it seems that I’m only being allowed to add so much funding to my lightning wallets. Which means there is a limit on what I’m able to purchase using lightning simply because I can only fund my account up to a certain amount which I don’t even understand what that is.

I understand there is inbound liquidity and outbound liquidity, but I do not understand how you adjust those liquidities and how those liquidities affect my transactions. So on one hand, I understand the necessity and need for lightning network, on the other hand the lightning network is not easy to navigate.

As a non-Bitcoin developer who fully appreciates everything #bitcoin has to offer. I must say after spending the last month on #nostr, I have to say the lingo is not very user friendly.

For me personally, I have been spending quite a bit of time trying to understand and figure out how to use the lightning network. I can see the development process happening with some of the apps, but I have to say if we want Bitcoin to reach mass adoption we have got to spend more time making these apps, user-friendly. I think one issue with Bitcoin adoption is not just understanding the technology but being intimidated by the interfaces of a lot of these programs and apps. If you’re not a developer or a highly motivated individual it’s very easy to become discouraged in the Bitcoin space, simple because it’s not easy to navigate. Thankfully, they are so many awesome helpful people in the Bitcoin community that I have been able to stay afloat, but for many people who are just simply afraid to ask questions this is going to be a challenge.

So thank you for all of your contributions and your continued contributions, but please please keep in mind easy user friendly is the way to mass adoption.

Gm nostr, For lighting wallets such as Zeus and Mutiny that have on chain and lighting , how do you transfer the on chain #bitcoin to the lighting network?

How much fiat did you sell today?

I’m interested in learning how to run a lighting node. Where should I start?

How do you tell your friends, you’re no longer interested in all their investment ideas if it’s not related to #bitcoin ? Asking for a somebody else’s friends.

Replying to Avatar Turner

just hit pause on day 1 of listening to nostr:npub16as8gepztj9tvyx6n9y4h3cv3gaytgpl3g32jhcxlj6mcss72uaqjwg2tf ‘s audio version of Lowery’s Softwar to say it’s fucking exceptional right out the gate. thanks for making this resource so accessible.

a couple links for both nostriches and normies:

Fountain https://fountain.fm/show/4LfaQ0ur5aX3mWyP9d87

Apple https://podcasts.apple.com/us/podcast/softwar-audiobook/id1723707848

This was my Bitcoin light bulb moment.

GM nostr, Stacking Sats, Stacking Squats and maybe a liltte #bitcoinpizzaday later. See you tonight nostr:npub1key55ax33gkl50uqemvl4khrtqrhzm7wzpc7fhseutt5ddkcwcrqgxlt3h for the #bitcoinmovie

Your Paper has some good pointers, you are definitely on the right track and any contributions to spreading bitcoin education is highly needed and useful. You are a bitcoin contributor!

If it's directed toward newbies I would suggest trying to make the language as simple as possible.

"How inflation is calculated by gov," definitely needs a few pointers . I would also suggest looking at Lyn Alden's documentary for a clear explanation.

https://youtu.be/jk_HWmmwiAs?si=B5_kO7Se8xe2OF_N

Keep Going!

Sent you guys a dm. Would love to connect

Wait until they find out it's really not about the money #bitcoin

#bitcoin is not happy with CPI

a low time preference requires discipline

Tried to sign up for Bitcoin Well on Desktop had to switch to cell phone to do face scan (forgot I had a vpn on) now they won’t on board me. So much for the centralized #bitcoin

Replying to Avatar BitcoinEkasi

Posting this here first. Twitter can wait.

nostr:npub13ljnkd633c7maxatymv3y2fqq8vt3qk7j3tt0vytv90eztwgha9qmfcfhw is now represented in the township!

Been using the batch payment feature to pay weekly salaries for over two months, for all 16 staff. Loving it!

Thanks for making life easier and making #Bitcoin salary payments simplified!

🙏🏿🔥🧡🤩

https://video.nostr.build/8675ce9b9f5ec2241033c870ca747473adaa1aa447ebb9faba689b6c1da95443.mp4

Sent you a dm

What's a good lighting wallet to use for zapping on Mac?