0 sats \ 8 replies \ @ch0k1 9 Mar \ parent \ on: Blitz Wallet: Self-custodial bitcoin lightning wallet bitdevs
- I asked you not to copy your wallet usage habit but to analyze it and adapt it for my own case
- You're a heavy and a hardcore user š¤Æ
- Yeah, I understand the liquidity motivation behind their threshold but still think it may be better for heavy users like you but they can lower it not to push back potential users with less liquidity needs.
- Thank you for the additional liquidity article - adding it to my to-do list and maybe I'm missing something but:
How is that possible? I mean isn't charging routing fees the primary monetizing option of LSPs to cover their infrastructure expenses? š¤
How is that possible?
It's all explained in their docs: https://docs.zeusln.app/lsp/fees
adapt it for my own case
I can't because I do not know your use case, I don't know how many beers you buy with sats or how much traffic you have during a week/month. That is to determine each one.
- Take the case of Phoenix model (as i explain it in that guide about private nodes). If you deposit 50k sats into it, will charge you up to 30k sats to open that small channel. Very costly for you. Then you deposit more and then they will charge you again for splicing.
But now comes the fun part.
If you buy from start an EMPTY (on your side) channel from them, let's say 1M sats, you will pay only max 30k sats (depending on the mempool fees).
So you end up paying only ONE TIME, not each time you deposit.
Almost the same happen with Zeus.
If Olympus have to open a small channel with you, will pay more fees and also will have to ALLOCATE 100k to you as inbound liquidity.
Multiply that for 100 user for example. That will end up in a lot of sats from their own pocket put into channels.
Also the other aspect on YOUR side.
You open a tiny channel of 100k sats and you spend it quickly. So you will end up with a tiny 100k sats to receive that you will fill it up very quickly. So you will need to open a new one to receive more... so again fees.
Instead open a 1M or 3M sats, swap out half, into your onchain wallet and you will have a nice balanced IN/OUT channels with enough sats to pay and also to receive.
I hope you get it better now.
Again, please read that guide, many other tricks to learn inside.
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Ok, now makes more sense on a second thought...
Thank you for the resume š
Going through your guides and will get back if I have more questions.
P.S: I'm really glad we started over our communication since it didn't start well yesterday š¤. Usually, I don't give easily to provocations and IDK why I lost control when you attacked me so I want to apologize for everything I've said to you. And who knows, maybe that will serve its purpose as a kinky way of starting one non-standard and a stronger friendship. š
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No need to apologize. Just be a good bitcoiner. It's all I am asking people here.
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No, I insist so please accept it because I don't want to leave such feelings in anyone - especially if it can be considered a friendly fire as we're on the same team, probably with the same interests and passions which objectively is making us more friends than enemies.
Just be a good Bitcoiner
I'm doing my best to improve myself and be the better version of myself than I was the day before.
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Siggy47 wrote an excellent guide here: #147162
ššš
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Lol, it made my day š¤£ š Why didn't I find this the day before yesterday š
P.S: Ok, now understand you're a harsh character but don't you think that most of the time the kind and polite irony would be a better tool than rudeness and assault against fools, shitcoiners or just people who don't align with your opinion on certain things? And wouldn't it make you feel the same or even better after causing the same effects but achieved it the right way?
(Just asking for a friend š)
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hahaha I knew you will like it.
don't you think that most of the time the kind and polite irony would be a better tool
When did you saw Darth letting the guard down and being a pussy? Somebody must be like that.
If everybody will be nice, will be a mess, just everybody is kissing others ass.
This meme represent me when I see shitcoineries...
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If everybody will be nice, will be a mess, just everybody is kissing others ass.
I can argue all day long on that claim but judging your understanding of it as well as the hard position you are having on it - I'm guessing it would be meaningless because it simply won't make any effects so I'll simply accept you as you're and just live with it. At the end of the day, my point is not to preach you but to fund a way of us being useful to each other in helping the community grow and develop!