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@DarthCoin
0 sats \ 0 replies \ @DarthCoin 5h \ parent \ on: What Happens to Your Data If You Stop Paying for Cloud Storage? tech
paying for cloud storage is a scam. Nowadays you can have your own "cloud" server in many ways.
not your server = not your data.
In the moment you put some data on somebody else server, is not your data anymore.
Even small channels make a big difference
Nope. If you want your public node to be a good one for its users as "uncle Jim", you must have good peers and channels. A small channel will be depleted instantly and will became obsolete, a burden for your node.
LN is not like a Facebook to open channels with random people just for fun. LN is totally an economic network based on efficient routes supported by fees and liquidity. Think about it as a "capital flow" through some pipes.
I see you have only 2 channels bigger than 3M sats. For a public routing node that is really low. All the rest of the channels are useless.
Do not "expose" publicly your public node to all kind of trash "balcony" and "jungle" nodes. Those will make your success payment rate to go so low that you can't even use that node. Avoid at any cost Tor only public nodes, those are doing more damage than good for a public routing node.
CHOOSE WISELY YOUR PEERS! You want to offer good payment routes not just an unusable public node.
- open from your side a well sized channel with some good LSPs. Always bigger than 3M sats. For less than 3M sats should be private channels not public.
- buy some inbound channels from well known good LSPs
- constantly maintain good channels if your users number grows.
You have been warned.
62 sats \ 0 replies \ @DarthCoin 7h \ parent \ on: Is the Bitcoin Liquid Network Still Relevant? bitcoin
and 90% of those txs are made by BTC sessions with his tutorials LOL
Liquid is not a L2... is a sidechain.
Liquid was a good intention back into his inception. It was coming up early in the block size wars as a proposal for exchanges, to have some kind of interoperable network to move funds between them, faster and cheaper than BTC onchain, but still using BTC.
I kinda agree with that use case. A federation that is moving funds privately between them.
But then LN was launched and come in force and Liquid kinda lost the use case.
The block size war was also over, segwit in place and onchain mempool liberated, so even the exchanges that were excited about Liquid, they were still preferring to do it over onchain as usual.
LN got more and more grip and Liquid was slowly forgotten and became useless.
Now Blockstream, want to push people into using it as it would be a "cheapest and fastest" way instead of LN, because they do not want to see it terminated (as nobody is using it). In the end they put a lot of effort and money to build it.
Right now is just a massive marketing push by Blockstream to be used this LBTC crap.
IMHO they should go back to the original idea to be used for private entities and not pushed to large masses of users.
Now all those onchain maxis want to use Liquid instead of preparing in time, with calm new LN channels. That's why this crazy mania with Liquid. But as usual when the onchain fees are going down, Liquid use is going to meaningless until zero.
A TLDR:
I used them all with multiple devices.
Indeed Graphene is the most robust and I like also the easy updates that come with it.
And you don't need to have the latest pixel model if your budget for a new device is not large.
Here some other tips to count on when you go on this path
https://darth-coin.github.io/beginner/bitcoiners-mobile-device-en.html
This post remind me of this loser from BTC 2023 hahahaha
Would there be a point where you would use a custodian for some portion of your stack in order to spread out your risk?
No. Never. Custodians should be used only as temporary / decoy / test and with small amounts that are insignificant if you lose them.
