10 sats \ 7 replies \ @jasonb OP 26 Jun \ parent \ on: Sold my first Magma channel yesterday... Highly Recommended! lightning
Hmmm, you've got a lot of good points here. I'd be curious if @jestopher or the Amboss team would be interested in rebuttal.
Glad to know that my Magma channel isn't doxing anybody else. Hydro already seemed too complicated for me, so I think I'll just leave that be for the reasons you mention, as well as my own sanity.
It also does kind of make sense at this point, that if I have the contact info for that other node, I should continue the agreement in the future with them independently. The thing is, and maybe this is why I still feel comfortable with the whole agreement, I still don't know how to get ahold of them. The node that I sold to doesn't have contact info on Amboss or 1ML (maybe I'm missing something). If they did, I'd probably prefer to cut out the middleman, but as it turns out, the middleman is providing them some privacy via anonymity from me in this scenario.
Just know that by selling on Magma, you could end up opening a channel with a Hydro user that will snitch on you.
If the node has keysend enabled, you can send them sats with a message attached and hope they read it!
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So this is just like sending to an LNURL, right? Woah! I feel more and more like I'm living in a sci-fi movie. Bitcoin is so mind-blowing.
Is there a guide somewhere you know of that explains keysend? This is as-of-yet above my head.
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Keysend is an option in lnd.conf
I recommend to enable it if you like free sats.
There is a nice UI in Thunderhub for sending keysend messages.
There's also this tool which sends a keysend to every node that can receive it.
https://github.com/w3irdrobot/Satogram
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OK, so it looks like I already have it enabled. Thanks for the heads up on this.
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As it turns out, I do in fact like free sats. On it!
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Hi Jason!
I'm thrilled to hear that you're enjoying using Magma and appreciate your service to the network! 🌋 I wanted to address some concerns and clarify a few points about our service, especially given the FUD you are getting from others.
Before Magma, buying and selling liquidity was already being handled through inefficient and time-consuming means like Telegram and Twitter. Magma has transformed this process by allowing users to transparently view liquidity prices, seller reputations, and more. Importantly, our payment infrastructure ensures that sellers are only paid after the channel has been successfully opened. This means buyers don't need to trust that sellers will open a channel!
While you're free to sell directly to buyers, there is a reason why Magma became so popular compared to other methods.
Regarding Hydro, it's primarily designed for liquidity buyers, but sellers on Magma automatically contribute to the liquidity pool. This means that as a Magma seller you can get connected with more businesses seeking liquidity!
Hydro offers various management plans tailored to different business needs. Some plans require additional data for optimized decision-making, but we also offer automation plans that use solely public information. The results won't be as optimal but the option is still there.
Lastly, we as a company don't buy liquidity from other sellers on the market 😂 Definitely a new addition to the normal FUD we see!
Thanks again for using Magma and hope you continue enjoying it!
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Lastly, we as a company don't buy liquidity from other sellers on the market
Yeah, I should have probably clarified that this was NOT one of the good points the critic brought up. I kind of dismissed it and forgot given that it’s an accusation based on conjecture and not something you could even refute.
Mostly what concerned me personally, and I had heard you accused of before, is the idea of compromising privacy. It’s good to hear that you take that seriously. My biggest concern would have been compromising other people’s privacy, which it seems like is not on anyone’s radar as a possibility in this instance.
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