reply on: 🎧 Routing 2 Bitcoin a day, what's his secret? - Carsten Otto - EP021 | Connect The World \ stacker news ~bitcoin

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6 sats \ 7 replies \ @south_korea_ln 20 Apr 2022 \ parent \ on: 🎧 Routing 2 Bitcoin a day, what's his secret? - Carsten Otto - EP021 | Connect The World bitcoin

I also wonder how these very public figures of the Lightning Network (others include Alex Bosworth as well as regular but visible Plebs) will react when authorities decide to go after people facilitating unregulated money transfers, selling liquidity, and making a visible profit from it. Rebuild from scratch? How easy it is to just go anon after building up such a visible node?

20 sats \ 1 reply \ @DarthCoin 20 Apr 2022

Simple: ask those "authorities" where is the proof they have for that "authority" or "jurisdiction" over your own money. There's NONE. So they can go fuck themselves...

0 sats \ 0 replies \ @247bf84fda 25 Aug freebie

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0 sats \ 3 replies \ @cryptocoin OP 20 Apr 2022

Just like with mining when China banned mining. That didn't eliminate mining, it just caused it to exist outside of China.

Most miners couldn't operate underground because they couldn't get a supply of electricity unnoticed. An LN node, thanks to Tor, does not have this same issue.

Might someday a large node operator exit the business? Sure. Does that stop me from being able to use bitcoin on LN? No.

35 sats \ 1 reply \ @south_korea_ln 20 Apr 2022

Yes, very true.

With the efforts I'm putting now in building my node, I just wonder if I should have done a better job at being anon from the beginning. Already using tor, but with social media presence, pretty easy to figure out who I am.

But I guess I could start a new completely anon node, open similar channels, and slowly transfer old sats to the new node, or even use taproot to start with new on-chain sats that cannot be linked to channel opening transactions like it was possible before. A node can become quite productive quite fast, looking at Kraken, Zero Fee Routing, etc who (re-)built a big node in no time, so I guess it's just a matter of doing it.