not worried. you guys are all playing scared. if they want to stop self custody they will start with exchanges. wake me up when they stop coinbase from allowing withdrawals to cold storage. its impossible to come for cold storage until then.
this might be one of those “we dont talk about that” things but if you want to follow the tax law with regards to zaps what are you even sopposed to do?
if i zap someone am i making s non taxable gift? or am i cashing out by making a payment for a post?
doesn’t make any sense that i am making a payment since i can see the content without zapping but i know tax man wants to steal my money.
was there a problem in general or just for you?
Does everyone else always feel like zapping back people who zap you? I am stuck between: wanting to zap back to show appreciation vs. feeling like the asshole who cannot accept a gift gracefully.
Like if someone gives you a gift irl , you say thanks and later you can give them a different gift to reciprocate.
I like getting zapped because hopefully it means I added value. But at the same time, I want to send more sats than I recieve on here.
Current compromise is to zap back a smaller amount.
No problem! It should definitely leave your inbound liquidity intact if you use boltz.
Also prebuying the liquidity prepays for the on chain transaction of opening the channel, you can do it when fees are low and the liquidity will already be there when you want to recieve.
Basically I did the same thing you did without prepurchasing the liquidity. It must work the same way, the benifit of prepurchasing the liqudity is probably that you dont have to pay on chain fees every time you send to your phoenix wallet (assuming you arent sending out of phoenix on ln). ie: u buy 1 mil sats liquidity and then send 100k to it sats 10 times and only pay the onchain fees once, vs if u dont prebuy the liquidity you have to pay on chain fees for all 10 transfers, paying to splice in more liquidity for the last 9 100k sat transactions.
Loop out is a service where you send sats on Lightning to a 3rd party and give them an on chain deposit address. They then send you the sats - network fees - a service fee. I think the most popular service is provided by lightning.terminal. Basically it allows you to move sats from lightning back to on chain without closing a channel.
Loop out often is used to get inbound liquidity as well. You can open a channel and then loop out some of the funds.
Specific to Phoenix, I am not sure exactly how it works, especially if you prepurchase the inbound liquidity from acinq, but basically if you send funds on your side of the channel to an on chain address they splice out most of the liquidity. I didn’t realized how it worked the fist time I tried to use it. I sent 1mil sats to my Phoenix wallet on lightning, acinq opened a channel with my phoenix node of like 1.016 mil sats with 1 mil on my side, then i sent from phoenix to onchain and they spliced out 1mil of my liquidity, leaving me with a 16k capacity channel with me (all invoubd liquidity). I though it was going to work like a loop out leaving me with 1mil sats of inbound liquidity but it doesnt work that way.
You can also use boltz exchange to move from lightning to on chain. It works similarly (perhaps identically) to Loop Out/In.
Use an exchange/broker that you can withdraw with lightning from, then withdraw to your own lightning wallet (non-custodial). Then loop out to cold storage when you have enough for a nicely sized utxo. 500k sats minimum, 1mil+ recommended.
If using a wallet like Phoenix be careful, you need to make sure to loop out because they will splice out your liquidity if you send on chain directly.
You can also send back to your exchange/broker (cheaper than loop out) via lightning, and then withdrawal, but this requires you to trust your exchange a bit more not to lock you funds.
Is this a thing that exists already or a hypothetical? How does one acquire the local secret?
lol, its just words. not gonna tax his cronies.
we need a defense fund to contribute to. lawyer the fuck up.
nostr:note1le28fg36hpxcugxs4r4fpfeh2kvem9hp8cnyys6p9s2chx2znejsja4taf
😂 just an analogy. Book is probably worth reading for fun! Not saying he is a scammer, just an entertainer.
As far as Mixhio, he present’s speculative ideas as well accepted facts.
For string thoery, the world’s brightest minds have been beating their heads against the wall of string theory with nothing to show for it for 50 years. String theory is the shitcoin of physics.
Why pay for any real physics research when we can just pay our smartest people to use a pencil and push paper?
Michio’s books should be used for entertainment purposes only.
String theory has led physics astray.
