What do you wish you learned earlier about the Lightning Network? \ stacker news ~bitcoin

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What do you wish you learned earlier about the Lightning Network?

428 sats \ 22 comments \ @mikhael 15 Jul 2022 bitcoin freebie

What were the concepts that you put off understanding, that you wish you knew now?

What were the pieces of technology you wish you had understood earlier, but learned too late?

What's your favorite wallet? What irritated you the most about getting onboarded?

310 sats \ 8 replies \ @ashdraked 15 Jul 2022

I wish I knew how much fun it is making shitcoiners seethe when I mention it. Fav wallet so far is zebedee because I love static address and don’t know any other apps like that

118 sats \ 7 replies \ @mikhael OP 15 Jul 2022 freebie

Zebedee looks excellent, thank you for sharing. I think it has huge potential in gaming - I saw this Lightning Network Poker application. Would anyone be interested in scheduling a time to play a round? https://lightning-poker.com/

Seems a little dead, but I would like to test out the experience.

100 sats \ 1 reply \ @faithandcredit 15 Jul 2022

Hell yeah. Let's have a poker night.

150 sats \ 0 replies \ @Risky 16 Jul 2022 freebie

Dude I'm so in for sat poker! I play poker for a living and i'm willing to help anyone improve their game!

50 sats \ 0 replies \ @Risky 16 Jul 2022 freebie

i'm sitting in the 1/2 table now feel free to come play :)

0 sats \ 0 replies \ @tech5 16 Jul 2022

It isn't lightning capable yet, but blockchain.poker has a lot of players and uses a few different crypto-currencies. non-KYC

0 sats \ 2 replies \ @ashdraked 15 Jul 2022

I’m down, I’ll be honest they kinda got me butt hurt for not replying to my DM. I lost 200 sats by exiting tab so I asked them about it. But if I set anything up it’ll be through LN pokers website chat

101 sats \ 1 reply \ @mikhael OP 15 Jul 2022 freebie

I just saw the chat, hard to find. Thanks. I think next time I have time to play, I will make a post on SN and see if anyone can jump online. If that's a success, perhaps I will schedule a recurring game of sorts.

100 sats \ 0 replies \ @ashdraked 15 Jul 2022

Sounds good, I made a post here a long time ago. If we plays heads up and you take all my chips(200) I’ll give you a bonus. I wanted to incentivize people to join. I might post that again if there’s people interested in playing

230 sats \ 1 reply \ @jimblogic 16 Jul 2022

Clear net vs Tor privacy issues.

I early on had a Lightning node with a public IP which gained a good amount of peers and inbound liquidity. At some point I realized that on 1ml.com and a couple other sites you could geographically track whereabouts the physical node is located. I was only experimenting with an amount of sats i was comfortable with but the inbound I had back then made me feel uncomfortable and like a honeypot. Had to travel and leave the node unattended for a couple weeks so I decided to close all channels and sweep my sats.

I learned to set up a new node on Tor a few months later. It was a lot harder to gain peers, getting a power bank and some other gadgets made me feel a lot safer leaving the node unattended for longer with software to safely shut down when battery power is low etc etc.

My 2cents.

100 sats \ 0 replies \ @mikhael OP 16 Jul 2022

Can you recommend a blog/resource that explains how to effectively set up a node with Tor? This is an excellent answer, thank you so much for sharing.

170 sats \ 4 replies \ @kr 15 Jul 2022

i wish i had set up a lightning node earlier, using it helped me understand lightning in a way books or blog posts couldn’t.

doing > reading.

169 sats \ 3 replies \ @mikhael OP 15 Jul 2022 freebie

How long did you know about the Lightning network before you took the plunge? Did you re-purpose an old computer, or did you buy a dedicated piece of hardware (Rasberry Pi, etc)?

150 sats \ 2 replies \ @kr 15 Jul 2022

i remember when lightning first came out, but i had no idea why or how i might use it.

i remember thinking tippin was a pretty cool project a while back too, but didn’t really dive deep into Lightning until Jack Mallers’ Bitcoin 2021 announcement.

only took me a month or two after that to set up an umbrel/raspberry pi node, which dramatically improved my understanding of ln.

169 sats \ 1 reply \ @mikhael OP 15 Jul 2022

You making any money on the Lightning node? I am syncing a HDD at the moment, but it's taking quite a while for BTC to copy over - 40 days and 40 nights.

200 sats \ 0 replies \ @kr 16 Jul 2022

i’m not actively routing, but there are a growing number of node operators i’ve heard of making hundreds of dollars per month by routing payments or selling liquidity.

some of the large players are making thousands per month.

210 sats \ 3 replies \ @BlokchainB 16 Jul 2022

If you are running home node a UPS is a must and the more Linux command line you know the better you can troubleshoot. Also LND is unstable along with tor so random Channels going offline is super annoying

150 sats \ 2 replies \ @shyfire 16 Jul 2022

CLN is also unstable with tor. It sucks to constantly need to restart your node.

100 sats \ 1 reply \ @mikhael OP 16 Jul 2022

Uninterrupted power supply eh? Will have to look into it - do you have any recommendations? As for Linux commands, I'm good on that front - thank you for replying!

0 sats \ 0 replies \ @BlokchainB 17 Jul 2022

None come to mind but it’s highly recommended you have one.

150 sats \ 0 replies \ @03a7eb75dc 16 Jul 2022 freebie

I've enjoyed Muun wallet for a while now, the integration between LN and on-chain is seamless.

I wish I understood the security/backup of my node better still to this day. I'm constantly checking uptime on my node and hoping I don't have to try and recover channels/funds some day.

0 sats \ 0 replies \ @cryptoanonymous 17 Jul 2022

i found fountain app wich pays a lot of sats for litsen good podcasts and more than nothing sarutobi and zebedee wallet okx exchange also guive free sats wheel of trivia its good also and ember found