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What lightning setup do you recommend to a small business owner?
80 sats \ 15 comments \ @thrown 4 Mar 2022 bitcoin
I had an opportunity to recommend a business owner use lightning, but didn’t know what to recommend them to.
Is there really no simple website like Gumroad.com except for BTC Lightning?
The more I dug into this, the more complex it became. There are many wallets to choose from, many plugins for websites, many channel liquidity providers.
Is anyone building an all-in-one solution like Etsy or Depop?
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520 sats \ 4 replies \ @DarthCoin 4 Mar 2022
Here I wrote some guides specific for small merchants that want to start https://darthcoin.substack.com/p/bitcoin-for-merchants https://darthcoin.substack.com/p/first-steps-to-accept-bitcoin-as https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like https://darthcoin.substack.com/p/lightning-wallets-comparison
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0 sats \ 0 replies \ @thrown OP 6 Mar 2022
I didn’t see a mention of how to collect shipping information for goods.
How do we recommend they attach the BTC and shipping info all in one “sale”?
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0 sats \ 2 replies \ @guyfawkes 5 Mar 2022
I checked out your first guide and started playing around with coin os. After setting up the initial wallet which is hosted, there is the ability to set up a new wallet. One of the options is to create a 'non-custodial' wallet. You wrote the guide in Sept 21, so not sure if Coin OS has created the option since or if I've misunderstood.
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1 sat \ 1 reply \ @DarthCoin 5 Mar 2022
CoinOS is just a fast way to take the payments on LN, then you withdraw. That's it. If you want to use it more extensive, you can create your own keys (for onchain wallet) and have total control (in case CoinOS is down). Also you can create sub-accounts for employees if you want, so they cannot have rights to move the funds from it, just enough to charge (create invoices). But CoinOS should not be used as main way to store all your BTC.
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0 sats \ 0 replies \ @guyfawkes 5 Mar 2022
I've tried to create sub-accounts, and searched for instructions but no joy. Do you have a link for instructions. The idea to be able to create invoices but not withdraw funds would have a lot of utility.
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2 sats \ 3 replies \ @BlueSlime 5 Mar 2022
This is just my anecdotal experience. Twice I have challenged people to pay me in lightning so far, and twice it failed. One was the wallet didn't actually support lightning, the other was (I believe) a routing issue with the person's node.
I use Phoenix wallet, works flawlessly. Strike and Cash App seem like good picks, for a number of reasons, so I recommend them.
I don't think merchants want to figure out how to run their own channel. It's better to recommend options that 'just work', and also convert back to cash.
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1 sat \ 1 reply \ @DarthCoin 5 Mar 2022
convert back to cash.
SHITCOINING... are you fucking serious?
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0 sats \ 0 replies \ @TheWildHustle 5 Mar 2022
lol,
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0 sats \ 0 replies \ @thrown OP 5 Mar 2022
The sad thing is that if Strike and Cashapp are the easiest solutions, why even use bitcoin at that point? 😔
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1 sat \ 0 replies \ @TheWildHustle 5 Mar 2022
I'm running a soleprop (DSB Internet Evaluations)
Its focused on remote earning opportunities
While I transition into a btc only business (DSB BITCOIN)
I'm thinking about setting it up as shown below
Business Operations Setup - Voltage/Compass/Casa (Using hosted/fully remote solutions)
  • Lightning channel management
  • Hosted Compass Mining
  • Casa Business multisig
Experimental Setup - Umbrel/Hands Free Bitcoin Miner/Ledger (Exploring lightning apps/lightning node features)
  • Umbrel Lightning Apps
  • Home bitcoin miner
  • Cold Storage
Privacy/Security Setup - (Spectre/GPU home mining/Multisig cold storage (For extreme privacy security and Hodling)
  • Spectre btc node
  • GPU mining
  • Spectre multisig coldstorage with BTC and Liquid BTC
NOTABLE ACTIONS
  • BTC Pay Server
  • Bitcoin ATM -Taxbit -Multis -Cold Card/Seed Signer/Billfodl
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1 sat \ 1 reply \ @Martin 5 Mar 2022 freebie
Try the Breez wallet which has a point of sale mode which allows for the filling of orders, shows updated bitcoin & fiat rates,create a catalog of your products and set prices which I believe makes life much easier for a small business owner plus you can also export your transactions in csv files for all your business and tax reporting.... So easy to use, try it...
0 sats \ 0 replies \ @deleted231216 5 Mar 2022
BTCPayServer could work, either as a stand-alone online store, a point-of-sale app on a tablet or a WooCommerce plugin: https://docs.btcpayserver.org/Apps/ and https://blog.voltage.cloud/how-to-accept-bitcoin-as-a-small-business/
BlueWallet is a good Lightning wallet for Android and iOS (KYC-free unlike Strike/Cashapp, and an option to use a custodial Lightning wallet or your own node).
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0 sats \ 1 reply \ @ladysatsstacker 5 Mar 2022 freebie
Use zebedee, very easy to use, a user friendly app