sorry, still having some issues with understanding it.

isn't the wallet also the cashu.me website? or is it a separate application i need to install separate from visiting cashu.me?

Bitcoins new CEO, Michael Saylor says no. Eat it, Plebs!

thank you. when is the token changing, does the receiver need a special wallet to create the new token?

fantastic thank you

did not know that, thank you. so i dont need an extra container app?

Serious question, i would really appreciate your answer on what i get wrong here.

what i dont understand so far:

i go to the mints website, get a token. the mint can log my ip and which token string i get

then i pay with the token, the receiver goes to the mint, enters it into a textarea to redeem it for lightning. The mint can also log the receivers ip and the token string.

so it knows who transacted with whom. What do i get wrong here?

and i just negotiated a contract by sms for 666 billion euro with our partners at google, meta and microsoft to protect you with a safe and effective pre bunking vaccine.

sadly my phone died after i threw it in the shredder.

looks good, thank you. so you use the Graphene camera app or the original from Google in a container like shelter?

much wow, so privacy!

How do you use the camera on Graphene, i the Graphene camera app sucks, no?

You are right, i was stupid enough to believe it could work in a self custodial way with low fees. The way it evolved so far is a shame in my opinion, most people use custodial wallets due to the terrible UX with self hosted LN.

In the end, we just recreate a banking / paypal system where people get KYCed, have to follow AML rules, have zero privacy and not even low fees. Ridiculous. Slowly the smaller lightning service providers will be bought up from the larger ones. Just like banks.

Custodial services will inflate the supply over time eventually, because it is easy to do and nobody can check if they do it or not.

I got into Bitcoin because it promised P2P self custodial digital cash, which would be revolutionary. To me it seems this chance is gone on BTC until something drastically changes, which i do not see at the moment.

But i can not complain, we dreamed of dumping on wall street and now the ones interested in freedom can finally do it and move on.

I would not have thought i would ever say that but BCH is the real Bitcoin.

We are going to win so hard!

You get a custodial wallet!

You get a custodial wallet!

Everybody gets a custodial wallet!

Just like Paypal, but a different brand name and orange!

Come on, i heard rumours Larry Fink and Jamie Dimon are die hard Monero fans!

As we do not have anywhere near 8B people using it, we should not worry about that. BTC will likely never geht nowhere near that. We also do not have to worry about 10 Gigabyte blocks. This is just parroting the narrative of Blockstream and others.

The fact that you have to pay more for a lightning transaction than for a credit card or SEPA transaction should be outrageous for bitcoin users who were early in the game - but as the majority consists of uncritical number go up Saylor fanboys now with their custodial wallets, i think it is time to accept that BTC as a p2p currency is a failed project.

It provides neither freedom, nor privacy, nor low fees - as an early adopter i move on to other projects which have a better outlook in bringing freedom to the world.

But anyone can do as he pleases, i am sure in 20 years lightning might deliver on its promises of 2017.

Monero ETF will pump our bags ;)

There is the argument though, that a state actor could use (or rent) existing CPU infrastructure to atttack Monero with a 51% attack and can reuse the computing power for something else afterwards while Asics are worthless after a 51% attack against Bitcoin.

Whats your opinion about that?

Doesnt say much.

Interesting, i have used Phoenix, Muun and Breez as well as a couple of custodial wallets.

My experience with the self hosted ones is that it is a pain in the ass still to manage your channels and also the transaction fees were nowhere near a few sats. More aroud 0.3 / 0.5% of the transaction value. Often 30 to 50 cents, a couple times even a few dollars.

Only between custodial wallets i saw really low fees. Also not all the time.

In many cases the fees were higher than in the banking / card networks, mainly when you transact with other self hosted wallets or non mainstream LN nodes.

To me we are also not early anymore, it is 7 years since the split in 2017 and we still do not have a solution which allows easy self custodial usage for non techies. All i see is people using custodial wallets, which is just another type of bank to me.

LSPs are also kind of a trusted third party, at least you depend on them for a smoother experience. They will have to KYC you and adhere to AML laws over time and some already are.

Which upcoming developments in lightning are promising to you?

Do you use LN with self hosted wallets, interacting with other self hosted wallets?

If so, whats your experience with channel management and LN fees?

what i dont understand so far:

i go to the mints website, get a token. the mint can log my ip and which token string i get

then i pay with the token, the receiver goes to the mint, enters it into a textarea to redeem it for lightning. The mint can also log the receivers ip and the token string.

so it knows who transacted with whom. What do i get wrong here?