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546 sats \ 0 replies \ @Anonomoto 2 Jan 2024 \ on: What is the longest time you have waited for a tx to confirm? bitcoin
Since the 18th of December and counting.
I discovered yesterday that I own an "uncommon" sat, which means I could sell that single sat for $200.
I don't own a Ledger to secure the Bitcoin and will never use a browser wallet extension without HWW, so as much as I'd like a free $200 to buy more Bitcoin with, it's not worth the risk to liberate that single sat out of the UTXO it's in.
I did, however, learn more about Ordinals beyond thinking it's all just jpegs, and I do like the collector element to it, but I also think it's flash-in-the-pan stuff, so I'm neutral mostly.
Once the channel is created, I'll push 95% of the Sats to Boltz.Exchange.
That should maintain the channel capacity and allow for further inbound transactions.
My channel will mostly be for inbound transactions before sweeping out to Boltz; in the future, I'll likely expand the channel when there is a quiet spell in the mempool.
Thanks, appreciated.
I just have to wait for the fees to subside to a level I'm ready to pull the trigger on. The initial deposit is from Muun, and they don't use RBF/CPFP.
So, splicing applies when sending (splicing-out) or receiving (splicing-in) on-chain?
Does splicing-in also apply to LN transactions greater than my channel's current capacity?
And finally, regarding the 'max-fee amount' in the Channel Management tab (iOS), is that the max-fee in sats I'm willing to pay to splice?
You didn’t mention a timeline in your post. 🤷♂️
For now to defer paying main chain fees I’m using Lightning and Liquid to stack and have set alerts for low mempool pressure, where I’ll migrate to cold storage and consolidate UTXOs.
The amounts used in Liquid transactions are private, but the addresses used are visible.
But maybe using something like Sideswap on Liquid once pegged-in breaks that chain. I don't know, but I would love an answer too.
Another positive when pegging out is that you get one large UTXO sent to cold storage vs multiple smaller UTXOs that will be expensive to transact in the future.
Wait until fees on the bitcoin blockchain become higher again -- interest in Liquid network will jump.
This.
I’m now using the Liquid Network to stack L-BTC whilst the mempool is on fire.
Kraken Pro LN Withdraw > Boltz.Exchange LN<>L-BTC atomic swap > stacked sats secured by Jade HWW.
When, the mempool hits a quiet patch, I’ll swap back to LN via Boltz, then send funds on mainchain to cold storage.
I'd recommend the Trezor T to anyone all day, every day.
It's FOSS, which fits perfectly with the ethos of don't trust, verify. Enable the SD-protect feature, use a pass-phrase and always check the Suite software signatures using GPG, and you're good to go.
I'm finding this out as I'm constantly troubleshooting why my rPi4 keeps losing sync, it's really frustrating and I've started looking at getting a cheap intel Mac Mini for like $100 that I can plug in, set up remove a lot of the problems I'm experiencing with rPi4 with Umbrel OS.
I always thought you needed to have loads of incoming channels for Lightning to work well for you, turns out you just open channels to the nodes you use the most and the job is more or less done for 90% of use, however, god strike me down if I try to send sats anywhere else!
If I see another "no route found" error I'm throwing my Umbrel out the window!
Is this a good way to promote my node?
- I'll tip my cowboy hat to the first person that opens a channel to my node, details in bio.