0 sats \ 2 replies \ @022fbc9cef 20 Apr \ on: Halving Fee Chaos bitcoin
- Who are all those people interested in Runes? I don't know anyone.
- Where did all those people get millions of dollars to pay for this nonsense?
- Is there a way to explore the recent transactions and see what Runes people are inscribing?
I read the first book but not the others. I watched the first 3 episodes of the Netflix series, and it seemed to me it covered most of Book 1.
Is the Netflix series (8 episodes) covering all books?
I do not want to look into episode content since I do not want to spoil it, and was not able to search it quickly. I might just read the books first before watching the rest.
https://www.qerko.com/ offers Bitcoin Lightning payment in hundreds or thousands of restaurants in Europe.
https://www.alza.de/ also has Bitcoin Lightning as a payment method. They are basically like Amazon, they sell everything.
They could have just said "libertarian." Adding "far-right" only makes it sound like he is the bad guy. It is like saying he is a "nazi" or like Hitler.
I hate the narrative of the mainstream. Everyone is nazi today, except those people who actually call for murdering of Jews (those are progressive!).
The question is what would happen to/on Monero if it was really used as much as Bitcoin? With tens of thousands of txs per hour? Would it be as decentralized, could people still run nodes?
It is already quite hard to run a Monero full node due to the fact that the cryptography is hard and it requires a lot of computation power (so Pi4 is already kind of too slow). What if the blocks were huge?
If you can only run a node in a data center, they can turn you off.
Bitcoin scaling is a problem as well. Lightning is becoming worse with the network growing, it seems to me.
Not saying Monero can scale well, but Bitcoin has the same issue so I would not see that as a problem.
If we can figure out scaling for Bitcoin, maybe it will work for Monero too.
Never carry a hw wallet with you. A hw wallet should stay in a single location. If you want to send bitcoin away from that location, either send some to a hot wallet before you leave or buy a new hw wallet and restore in that location (if necessary).
So all swap ins and swap outs are using submarine swaps? Aren’t there different kinds of swaps?
Also if all swaps require a counterparty, why are some swaps super fast while some take longer? Boltz usually takes longer why swapping into WoS is very fast.
I don't know why mempool.space allows the mempool to spill over 300MB, but mempool on my node is 300 MB since that is my limit.
Get prunin'
Thanks, good idea about running my own account separately.
I guess that would work even if I combined LND Accounts and LNDHub, right?
For example:
I have a total of 1,000,000 sats on the node. A friend has 100,000 sats on the node in his LNDHub wallet. So then I create a new LND Account with a separate macaroon with a starting balance of 900,000 and then only track my balance on that separate account.
So if my friend received another 100,000 and my nodes balance goes up to 1,100,000, I will still see 900,000 on my LND Account.
Is this correct?
Great stuff! How does this compare to using something like LndHub?
When using self-hosted LndHub (Bluewallet Lightning) app on Umbrel, the thing that confuses me most is that:
- The payments made by users are mixed up with my node's payments (and I can't see which is which).
- The balance held by users is added to my balance and I can't see how much should be reserved for users.
- There is overall no user/wallet management, so I cannot see how many people created their Bluewallet wallets with my node.
I guess LND Accounts have user management, but does this solve 1. and 2. as well?
Good points. I am not an expert on Lightning but the CEX (Kraken) knows you withdrew to Muun, right? (It can see the path and where the Lightning ended – someone correct me if I am wrong).
Hence the CEX knows you withdrew to Muun, and then Muun knows your cold storage address (since they have a record of your incoming LN, swap, and outgoing tx).
If the data from the CEX and Muun both leak or are provided to 3rd parties, you might still be connected to your coins. But I understand that is highly unlikely, if at all possible.
I like to do at least one more hop in LN in order to obfuscate the movements of funds a bit more (e.g., withdrawing LN to my own node and then sending it to Breez to use Boltz for swapping – good thing is Breez has Boltz integrated). But this might be too much.
If your solution with Muun works, I guess it is fine. You are not keeping your coins on Muun so you do not need to worry how they do things, you only care that they work for a few minutes for you to make your transactions.
If Muun is using submarine swaps to imitate LN, it is their problem and the economics of transaction fees will either allow them to do it (and there is not problem then) or it will force them to change this practice.
Good job with the article!
I have a different setup with a local Apache server, but I completely missed https://github.com/getumbrel/umbrel/issues/1428#issuecomment-1184584190 in the past, which was giving me headaches.
Thanks to your guide, I have fixed this bug in my setup and it now works without any issues! Thanks!