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11 sats \ 4 replies \ @DarthCoin 2 Jun 2023
LOL what for? That will be useless.
onchain = is The Vault, the savings, the HODL, that you barely move it (only for opening/closing LN channels)
LN = is The Payment Network, your spending pockets, your "commercial bank", day to day use.
People should learn how to THINK LIKE A BANK, not just be your own bank...
https://i.postimg.cc/MTL2kvT0/3level-stash.jpg
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0 sats \ 3 replies \ @nerd2ninja 2 Jun 2023
Hmm to splice or to swap. What do you think DarthCoin? I personally can see its utility for large LSPs, but for private channel users, it seems much less useful.
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0 sats \ 2 replies \ @DarthCoin 2 Jun 2023
- sats on LN are like "hot". It must be hot, otherwise why are there in the channels.
- sats on LN MUST flow, otheriwse is NOT liquidity.
- LSP means liquidity not holding. MUST flow,
- you use LN for spending, payments, not for holding. It doesn't matter if is a big node or personal node
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0 sats \ 1 reply \ @nerd2ninja 2 Jun 2023
Hmm I think you interpreted my question to be relevant to what OP was asking. It wasn't. I was asking about what you thought about using a swap vs using a splice for switching between LN and on-chain.
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100 sats \ 0 replies \ @DarthCoin 2 Jun 2023
Oh yes, that is totally something else from OP question.
swaps and splices are not eliminating one to another.
Are complementary.
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0 sats \ 0 replies \ @anon1 3 Jun 2023
If by cold, you mean that the private keys never touch a computer connected to the internet, I believe it is possible but would be very cumbersome.
Basically you would have a lightning node on an online computer acting as usual but with a watch only wallet. When the node has to sign a transaction (which it has to multiple times for a single payment) you would have to transfer that transaction to the offline computer to sign and then relay that data back to the online lightning node.
So practically it doesn't really work.
Anyone feel free to correct me if I'm wrong.
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