running a profitable routing node is like trading shitcoins: some will fuck others, winners and losers. Noobs will get into "routing" with the idea of making "passive income" (mostly shitcoiners) and big nodes, with good amount of capital and experience will just make money out of them.
i'm not telling anyone to run a routing node. i don't, but i could. it takes time, patience, and alot of learning. and it's changing every day. it can be done, but a person new to lightning should definitely not expect to be able to run a profitable routing node.
sure. i'm not disagreeing with that. just saying, my original comment was about whether it was possible or not, and it is. it's not the hardest thing in the world, but like most things, it takes work and education.
yep, you said the magic word... education. That most of noobs just ignore it and just want quick gainz... LN is not about gainz, the whole point of Bitcoin actually is not about gainz. Is about FUCK THE BANKS. LN was created because transacting onchain is too slow and fucking the banks were slow. So we've said: let's do it faster (fuck the banks) and hit them exactly where it hurts, in their balls (payment system). LN is a payment network and Bitcoin onchain is a settlement system. Once the noobs will understand that, is game changer.
On-chain analysis is no joke
Its like DNA at a crime scene, the false positives are catastrophic.
I'd love to believe so
not sure why profitable lightning node is on here. i know people who run profitable routing nodes.
running a profitable routing node is like trading shitcoins: some will fuck others, winners and losers. Noobs will get into "routing" with the idea of making "passive income" (mostly shitcoiners) and big nodes, with good amount of capital and experience will just make money out of them.
DON'T TELL TO A NOOB THAT CAN RUN A NODE TO EARN MONEY! That is a myth!
https://i.postimg.cc/R0S3sN0y/routing-node-passive-income.png
i'm not telling anyone to run a routing node. i don't, but i could. it takes time, patience, and alot of learning. and it's changing every day. it can be done, but a person new to lightning should definitely not expect to be able to run a profitable routing node.
Indeed, is not so hard to run a node, but a new user into this, will need a good amount of learning before starting.
As I tried to explain in these articles:
https://darthcoin.substack.com/p/recommendations-for-ln-users
https://darthcoin.substack.com/p/lightning-node-maintenance
https://darthcoin.substack.com/p/lightning-routing-fees-experiment
https://darthcoin.substack.com/p/node-liquidity-guide
https://darthcoin.substack.com/p/what-bitcoin-ln-node-software-can
https://darthcoin.substack.com/p/umbrel-btcln-node-shtf-scenario
https://darthcoin.substack.com/p/umbrel-bitcoin-ln-node
sure. i'm not disagreeing with that. just saying, my original comment was about whether it was possible or not, and it is. it's not the hardest thing in the world, but like most things, it takes work and education.
yep, you said the magic word... education. That most of noobs just ignore it and just want quick gainz...
LN is not about gainz, the whole point of Bitcoin actually is not about gainz.
Is about FUCK THE BANKS.
LN was created because transacting onchain is too slow and fucking the banks were slow. So we've said: let's do it faster (fuck the banks) and hit them exactly where it hurts, in their balls (payment system). LN is a payment network and Bitcoin onchain is a settlement system.
Once the noobs will understand that, is game changer.
The biggest myth is that bitcoin magically solves every problem in the world, spoiler alert: it doesn't. Also Bitcoin won't make you rich quick.
That you can "stake" bitcoin. Hate it when people use that term
you are still early... you will understand it in time.
https://i.postimg.cc/yNgjNQm7/stacking-sats.gif
Generalizing S2F, Id say its something like “bitcoin is inevitable”, “bitcoin is done”, “demand doesnt matter”
What are the last two accronyms? 🧐
WAGMI = we all gonna make it
S2F = stick to flow
before someone is confused since "stick" is an actual word:
that's a typo (i is very close to o), he meant "stock to flow"
... at least I was confused for a moment, haha
hahaha yes a typo, thanks for pointing out
LOL make more sense "stick to flow"
Do people even still believe in S2F?
Out of the list I'd probably vote for profitable lightning node. It can be done, but requires expertise that few have (similar to mining).