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I have plenty of old TB drives. Mounting a bunch them into a normal case and fireup a FreeNAS or whatever NAS OS is not complicated. A box that just stay behind the big TV and accessed anytime you want.
But yeah you do not need super extra shit tons of GB per movie. Even 6GB is too much for an old movie from 80s...
Is just another Strike, CashApp/Square for philipines. In other words an INTERMEDIARY.
Final settlement is in fiat not in sats. The BTC network is used just as a "transport" for fiat.
Nothing burger to see here.
Noise and misleading.
This is not paying WITH bitcoin,, but USING bitcoin network as a new paypal.
When bitcoin is used as a PARALLEL system (Bitcoin circular economy) then it will became money. Otherwise is just another bullshit paypal.
People always forget this:
Stop using fiat at all. Stop demanding fiat. Each time you use a fiat intermediary, you are DEMANDING more fiat, you are literally perpetuating fiat existence.
Demand to be paid in BTC.
The mistake that many new users are doing is they will use ONLY one LN wallet that some infliuencer say to use it. Wrong approach.
Please read "Choose wisely your LN wallets" #583496 don't use only one, use multiple ones. Each wallet have its own particularities and use cases.
From now on will be harder and harder to find a good new movie.
Years ago I started to save on my NAS a large colkection of old good movies. Never know what will happen with these old movies and is a good way to watvh them even when there's no internet.
Phoenix is opening a channel slightly bigger than what are you depositing, I could say with a 10% more. With the new version v0.2.0 that comes with the new LN feature named channel splicing. That means from now on you will not have to deal anymore with lots of new small channels for each payment received.
If there’s not enough inbound liquidity, Phoenix will increase the size of your initial channel, but that will still imply an onchain fee. You can setup that fee anyways in Phoenix settings.
So I suggest to start using Phoenix with a big channel, like 1-3-5M sats. Your commit fees will be insignificant comparing with the size of the channel and will not affect you too much. Also instead of paying 4 times (or whatever many times you deposit small amounts) min 3000 sats fees, you will pay only once.
If you start spending from that channel, do not spend all the balance at once, because Phoenix will close it. If you leave some sats, like 1-5% in the channel and make another refill from another LN wallet / source, with an amount bigger than you channel capacity, Phoenix will resize the channel and you will pay an extra fee. If you receive less than channel capacity, will be no fees involved.
So try to size your initial channel capacity to your personal needs for spending. Spend and replace in the limits of the channel will not occur anymore fees and the experience using this wallet app will be smooth.
For each payment you are doing, this wallet is using quite high fees, compared with other nodes. Yes, somehow they have to cover their expenses and support the dev team. Nothing is for free in this world.
This wallet also have integrated swaps onchain ←→ LN channels, so you could practically use it as a personal swap, you could pay instantly onchain with your LN funds and vice versa.
It is very good option for newbies, that just started with LN and don’t know too much about a node management, but still could have a self custody of their funds. Even if you lose your mobile device, you can use the seed words and recover your funds in an Electrum wallet or on another mobile device with Phoenix.
Please also read more of my guides about multiple wallets:
https://darth-coin.github.io/wallets/wallets-en.html
strike is a total trap.
Is designed for fiat maxis pretending to be bitcoiners....
Strike is the new bitcoin paypal. They use Bitcoin network only to move more fiat around. It have nothing "pro-bitcoin".
But people are still so dumb to not realize that.
yes
Will be fun to see how Ark users will be getting rekt with these shenaningans. And on top of that, comes the submarine swaps...
Even the shitiest Muun wallet is doing better than this.