How do I Get Started with Bolt12? \ stacker news ~bitcoin

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309 sats \ 12 comments \ @spiderman 10h bitcoin

So, I read a few articles suggesting Bolt12 standard is the future of Bitcoin payment, and such, in many different words.

Is it really the case? Or some kind of hype? I am currently using lightning wallet with Blockstream Green, what extra feature can I expect from Bolt12 actually?

Also, what's the best wallet to get started with this Bolt12? Is there a wallet that is easy to set up on my (Android phone), does not require me to run a node, and I retain custody as much as possible?

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100 sats \ 0 replies \ @RadentorForNoxus 9h

I dont remember any Android wallet that supports BOLT12 rn other than :

Remote controlled CLN node (which is what you avoid)
Phoenix (since v2.3.1)
Alby Hub (since v1.18.2)
Coinos (since December)
Is there any Cashu wallet i missed ?

0 sats \ 5 replies \ @Wumbo 10h

Is there a wallet that is easy to set up on my (Android phone), does not require me to run a node, and I retain custody as much as possible?

I will let other more knowledgeable stackers answer if there is a phone wallet that supports creating bolt12 offers.

I would encourage you to spin up a node running core lighting (it supports bolt12). It was not that hard and was a great learning experience when I did it.

Several of us here SN can help if you run into any technical issues during setup.

0 sats \ 4 replies \ @88b0c423eb 9h

bolt12 is coming to LND, probably version 21

0 sats \ 3 replies \ @DarthCoin 8h

or just use AMP invoices. same static codes.

0 sats \ 2 replies \ @88b0c423eb 8h

Yes, but not all nodes support. I had problems receiving from coinos like that. Anyway if someone else wants to try that here's a good guide: https://ramix.minibolt.info/lightning/lightning/lightning-client#greater-than-create-your-own-re-usable-static-amp-invoice

0 sats \ 1 reply \ @DarthCoin 8h

but not all nodes support

because plebs are fucking stupid and don't know how to run properly a LN node. Is just a single line in conf file. This is the hurting truth.

100 sats \ 0 replies \ @88b0c423eb 8h

indeed, for everyone running a node please activate it: accept-amp=true here's a good guide: https://minibolt.minibolt.info/lightning/lightning/lightning-client#configuration

100 sats \ 0 replies \ @justin_shocknet 8h

Bolt12 is trash, it abuses Lightning with arbitrary data in a Tor-like way, which makes it slow and unreliable because each hop along the way adds latency and failure probability.

The hype is nonsense that was astroturfed by the minor implementations coping with the fact LND is the standard.

Separately, there was hype by privacy larps, but the blinded paths used by Bolt12 are already available in LND.

Nostr based offers are superior to Bolt12 offers, they work on LND, on the web, offer blinded paths, with none of the performance issues of Tor

#1248472

0 sats \ 0 replies \ @nelom 8h

If you wanted low maintenance, I'd just install phoenix wallet, bolt12 available, self custody, liquidity all managed in app automatically.

0 sats \ 2 replies \ @88b0c423eb 9h

AFAIK bolt12 creates a fixed QR code that can create a new invoice each time you are receiving sats, very easy to use for merchants and a great privacy function to receive sats if you have a node. Now to receive sats with bolt11 on LND you must create an invoice and expose your node ID, bolt12 can hide your node ID if i'm not mistaken.

0 sats \ 1 reply \ @d01abcb3eb 8h

This is a common confusion. While BOLT12 is often advertised together with blinded paths, one can use blinded paths with BOLT11 as well. LND does support this as far as I know. However, network support is more uncertain, meaning that payments with blinded paths may fail because nodes on the path do not play ball. In addition, BOLT12 doesn't need to use blinded paths, and if I understand correctly no major implementation has a really good implementation yet. For instance, a public CLN node cannot create a BOLT12 invoice with blinded paths that doesn't reveal the recipient's node id. Not sure where Eclair is here, and donno at all about newer stuff like Alby, LDK, Electrum, etc. either.

0 sats \ 0 replies \ @88b0c423eb 8h

Interesting, so we need more time for things to mature