What happens to sats in an LNbits wallet if lost?
7307 sats \ 10 comments \ @Eximpius 24 Dec 2022 bitcoin
What I’m trying to ask is, Say you setup a LNbits wallets for family in a node. I open all channels and give them wallets. Say 1 family member loses access to a wallet with say 10k sats. Wont I still have those funds when I close all the channels?
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3911 sats \ 0 replies \ @pillar 25 Dec 2022
Yes. The balance on LNBits is just a promise. It's just a db entry saying "this user has the right to spend xxx sats". It's not the sats themselves.
If he loses the wallet id, you can simply go to the LNBits internal database and look for it. Or open a new wallet and credit him the sats.
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3497 sats \ 4 replies \ @guyfawkes 25 Dec 2022
Great question. Another question is are there advantages to setting up a cashu mint for family members as opposed to LNbits wallets?
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2219 sats \ 3 replies \ @pillar 25 Dec 2022
Peace of mind. Are your family members fully comfortable with you being able to see all of their transactions? If you set up cashu, that's not a concern, since you can't see their transactions nor their balances.
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2103 sats \ 2 replies \ @Eximpius OP 25 Dec 2022
I’ve heard of cashu but have not looked into it yet. Well i’ve seen headlines from posts mentioning it. I’m guessing it’s similar to LNbits just more private for the users?
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5 sats \ 1 reply \ @gandlaf21 25 Dec 2022
It's an extension for LNbits that lets you crate chaumium-eCash tokens. Instead of a db entry that credits your clients, you can issue a bearer token (cash) to them. You can play central bank and print your own money brrrrrr. The advantage is, that the tokens are hard to trace, so it's more anonymous and your clients have better privacy
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0 sats \ 0 replies \ @Eximpius OP 25 Dec 2022
This sounds very fun to play around with.
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25 sats \ 0 replies \ @DarthCoin 25 Dec 2022
Read my guides https://darthcoin.substack.com/p/getting-started-lnbits
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0 sats \ 2 replies \ @lunanto 25 Dec 2022
I'm far behind because I just know about Wallet of Satoshi and you guys keep talking bout new ways to store sats and host nodes. Where can I learn all this?
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100 sats \ 0 replies \ @DarthCoin 25 Dec 2022
Start here:
Guides specifically for LNbits:
And a special guide about being a LN bank for your friends and family.
And many more guides about Bitcoin and LN, use cases, apps, solutions etc. translated also in 4 more languages: https://darthcoin.substack.com
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0 sats \ 0 replies \ @Eximpius OP 25 Dec 2022
@darthcoin has a lot of pretty good guides. His link above should take you to all of them. There are a lot of “packages” now too if you dont wanna do it all yourself (you will learn more doing it yourself though) and for people not very technical or not use to command line. Like Mynodebtc, start9, citadel,…. And many others
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