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83 sats \ 6 replies \ @DarthCoin 16 Feb \ on: Is Self Custodial Bitcoin Possible Outside of the Main Chain? bitcoin
Lightning can't easily be self-custodial yet.
Wrong. Totally wrong. Please read my guides.
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10 sats \ 0 replies \ @hynek 16 Feb
Lightning doesn’t scale in terms of user count. It’s necessary for regular payments, but as of now there can’t be more than 20mil self-custody users. (Assuming 1 transaction per month)
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0 sats \ 4 replies \ @Krv OP 16 Feb
I'll check it out. But I'm curious, with Bitcoin, you can securely save your seed, then forget about it. Can you do that with lightning?
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520 sats \ 3 replies \ @DarthCoin 16 Feb
onchain = only for long term holding and opening/closing channels Lightning = only for spending, short term, small amounts.
I will repeat this over and over: use the 3 levels stash - hold (onchain vaults), cache (coin control), spending (LN)
https://i.postimg.cc/MTL2kvT0/3level-stash.jpg
Please read all these guides:
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0 sats \ 0 replies \ @Krv OP 16 Feb
Your guides are very good
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0 sats \ 1 reply \ @Krv OP 16 Feb
I appreciate that. For me, you are preaching to the choir. But, I can't sell this idea to easily normies.
Maybe tech can be developed to make this easier, but for now I don't think it's there.
Maybe someone could then say that maybe Bitcoin is not for such a person who can't embrace these ideas. I'm open to that, but then it's a reality to accept about Bitcoin.
But, even with that, say that I'm in Africa and I want to help someone very poor hodl Bitcoin and BTC fees go to the moon. Can I really be helpful advising them to get a very small utxo that may never be able to be spent in the future?
Is there no solution possible for that person?
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10 sats \ 0 replies \ @DarthCoin 16 Feb
Is there no solution possible for that person?
As I said, I write guides for all kind of scenarios, testing a lot of bitcoin solutions. Did you read them?
https://i.postimg.cc/qvH59JWk/wallets-learning-climbing.jpg
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