Daily discussion thread \ stacker news ~bitcoin

21 comments \ @saloon 18 Mar \ yesterday bitcoin

This is a thread for random discussions that gets posted everyday at 5am central.

Tell us what you're doing today, ask questions, or vent about your life. Whatever you want, let it rip!

Today was get a video up about ancient America and possible Apostolic connections to Native American Tribes: https://odysee.com/@Beiteshelpub:9/stonesofwitness:1

0 sats \ 3 replies \ @theshanergy 18 Mar

Does stacker news have a bug bounty program?

33 sats \ 2 replies \ @k00b 18 Mar

I will pay for discovering bugs that could potentially harm users.

I've only paid one to date, but that was the only thing reported of this type. Why?

0 sats \ 1 reply \ @theshanergy 18 Mar

I saw a few things that peaked my interest in the codebase and I wondered if it was worth pursuing further. Are you able to disclose the value and severity of the previous payout?

33 sats \ 0 replies \ @k00b 18 Mar

It was a wallet bug that could’ve resulted in loss of funds. I paid them what they thought was fair which was 2.5m sats I think.

0 sats \ 0 replies \ @BlokchainB 18 Mar

Think it’s time for a new windows computer. Can’t get mine to stay on without restarting! Hate windows! Caused me so much pain

0 sats \ 0 replies \ @TNStacker 18 Mar

Have a great weekend! Family time!

0 sats \ 0 replies \ @faithandcredit 18 Mar

Even if you are ok with CBDC because you trust your own government, whats going to happen if it gets conquered by China or Russia? You laugh, but the west is in decline and there are no signs of reversal. So while you welcome all this government control because western governments and democracy and everything is fine. These things could fall into the hands of people whom you might not like. And thats why decentralization, the opposite of CBDC, is important.

That being said, obtaining majority of Bitcoin hashrate may only cost a couple hundred million dollars in the future, so it can be taken over and/or sunset by someone who is willing to pay that kind of money and its actually cheaper than a war which governments are known to have no problem throwing money at. So why wouldnt they spend a couple hundred million to get majority hashrate. It could even just be nationalized, the mines. So dont know what the solution is. Hope and prayer i guess.

715 sats \ 8 replies \ @quark 18 Mar freebie

I'm just here learning about lightning network and discovered this cool stacker news website :) trying my 5 free comments :)

I have installed Breez wallet and did my first lightning login ever by taking a picture of the QR here and my mind was blown.

This is so cool to be able to login in a site like this! Where can I learn more about what is really happening under the hood when doing it? What information is sent from my wallet? And is Breez ok to use? I read that Muun was recommended but I guess Breez works too. Is there any other wallet I should have a look?

Thank you and have a great weekend.

179 sats \ 0 replies \ @poe7645 18 Mar

Welcome fellow stacker! SN has been eye opening for me and using lightning since I found it around Christmas last year.

And agreed when I first logged in with my Phoenix wallet I immediately wanted it implemented more places.

@k00b has built a great space for the community.

0 sats \ 0 replies \ @TNStacker 18 Mar

Welcome!

Stack sats Stay humble

71 sats \ 5 replies \ @k00b 18 Mar

I give a high level tldr here: https://stacker.news/items/46434

Breez is a great wallet to use. It's fully non-custodial and runs a lightning node on your phone. The team takes a long term view.

Muun does not support lightning login AFAIK. It's also not technically a lightning wallet. It's an onchain wallet that just-in-time swaps funds to/from lightning.

33 sats \ 4 replies \ @k00b 18 Mar

Here's a longer write up on lightning auth by @heisenberg: https://stacker.news/items/98600

Here's one of our more popular discussions about Muun vs other lightning wallets: https://stacker.news/items/84104

0 sats \ 3 replies \ @quark 19 Mar

Thank you for the info. Really nice. Now I want to try Phoenix too :) The thing I am not liking about Breez is that it doesn't give me the 12 words, only an option to encrypt it along with channels and backup it in google drive and an option to restore only from Breez. I know these wallets are going to be used for small quantities of sats, but still, I don't like that idea. But so far it works well. I still don't understand how the on-chain to off-chain works with the submarine swaps and what implications it has so, since I already have a full node, I am on the brink of falling into the rabbit hole of installing a LN node too but I find it more complex so this is why I wanted to start with Breez or now maybe Phoenix.

720 sats \ 2 replies \ @roy 19 Mar

You need to understand the tradeoffs related to Lightning backups: https://doc.breez.technology/Backup-FAQ.html#does-breez-have-a-backup-seed

In any case, Breez Interoperable with lnd nodes. It means, you can actually transfer the wallet files to a standard lnd node.

0 sats \ 1 reply \ @quark 19 Mar

Thank you. I understand that continuous backups are needed. I see it can use Nextcloud too and not only Google Drive. Cool ! And I for sure need to learn more about Breez, and lnd nodes, and everything, because I just installed it. I was just sharing my first impression. Thanks for the information.

0 sats \ 0 replies \ @roy 20 Mar

Sure thing. With any Lightning wallet there so much more than meets the eye. Is the wallet running a node on the device? Are swaps trustless? What's the backup tradeoff model? Etc. It's a completely different paradigm than on-chain.

10 sats \ 1 reply \ @RealCoachAndy 18 Mar

Good morning peeps, hope everyone is having a great weekend, let's all relax and enjoy a good movie, market will be there tomorrow so let's just have fun and do what we like to do. Be well my friends and stay frosty and may your endeavors be fruitful!!!