Help me test my noncustodial setup! \ stacker news ~meta

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684 sats \ 22 comments \ @thebullishbitcoiner 15 Oct meta

In case you haven’t heard, SN is going noncustodial. So unless you want Cowboy Credits, you better get your noncustodial setup, well, set up!

I’ve got my Alby Hub configured with a Cashu backend and added a couple of @sn connections (one for sending and one for receiving).

Green light means go so LFG! Let’s see if it works. 😎

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21 sats \ 0 replies \ @OT 16 Oct

Seems to work well.

21 sats \ 11 replies \ @TheWildHustle 15 Oct

Cashu backend sounds wild.

No channel management? Can run albyhub on laptop, without a need for it to be on 24/7 to send and receive?

Or no.

10 sats \ 10 replies \ @thebullishbitcoiner OP 16 Oct

Cashu backend sounds wild.

Wild good or bad? 😎

No channel management? Can run albyhub on laptop, without a need for it to be on 24/7 to send and receive?

Or no.

I’m pretty sure it still has to be on 24/7. But yeah, no channel management (none at all actually). Also has some quirks that I might go over in a post at some time.

21 sats \ 1 reply \ @TheWildHustle 16 Oct

Ha! Wild is always good, of course.

Heard Darth talk about some of the privacy benefits, but was mainly looking at easy solutions for my wife.

0 sats \ 0 replies \ @thebullishbitcoiner OP 16 Oct

Yup, it’s definitely easy.

7 sats \ 7 replies \ @nym 16 Oct

Channel management is the thing I dislike most about the lightning network. This is a good start!

27 sats \ 4 replies \ @TheWildHustle 16 Oct

In my opinion Albyhub fixed this.

You can open 2 channels super quick from trusted and recommended sources through simple UI, and call it a day, you'll pretty much never need to rebalance or set fees (depending on what your using your node for). Its pretty simple quick and easy while being a solid sovereign option. I'd give it a look if I were you, times are changing.

7 sats \ 2 replies \ @028559d218 16 Oct

My take? The best approach long term is to get a full node. Commercial off-the-shelf. MyNode, Start9, Umbrel, etc buy one of those and run a full Bitcoin Node and Lightning Node yourself. Once you do you never go back. That way it's on 24/7 and functions like a miniature home server - all your Bitcoin and lightning apps in one place.

0 sats \ 1 reply \ @nym 16 Oct

I’m still on the fence about getting one. I may pull the trigger sometime

0 sats \ 0 replies \ @028559d218 16 Oct

Honestly 100% worth it imo. Once you get a node you never go back. Using lightning from your own node that is up 24/7 alone makes it worth it imo

0 sats \ 0 replies \ @Signal312 16 Oct

That's only if you're using Alby Hub on the cloud, though, is that correct?

0 sats \ 1 reply \ @thebullishbitcoiner OP 16 Oct

A good start indeed since you don’t need to pay a large amount of sats (depending on the channel size).

7 sats \ 0 replies \ @nym 16 Oct

Agreed!

21 sats \ 1 reply \ @BeeAye 16 Oct

zapped you good 😎

0 sats \ 0 replies \ @thebullishbitcoiner OP 16 Oct

Thanks! 🙏

21 sats \ 5 replies \ @grayruby 15 Oct

Zapped this post 50 sat. After fees you should have got 35.

30 sats \ 4 replies \ @thebullishbitcoiner OP 15 Oct

Thanks! 15 sat fee seems like a lot. Is that on my side or yours?

196 sats \ 2 replies \ @OneOneSeven 15 Oct

#692150

30% sybil fee is taken on zaps

Previously, we took 10% of zaps for ranking sybil resistance. This is insufficient for real sybil resistance. People still sybil zap their own subpar content at 10% so we've increased this to 30%. 10% isn't a whole lot for the outbound route for p2p zaps either.

As always, that sybil fee that's left over from the territory founders revenue goes to rewards.

51 sats \ 1 reply \ @thebullishbitcoiner OP 15 Oct

Thanks! Just found that post and this great breakdown by @ek

Example Breakdown of Zaps

100 sat zaps before: 90 sats to receiver (10% sybil fee) + 5 sats (50% territory revenue) + 5 sats (50% rewards)

100 sat zaps now: 70 sats to receiver (30% sybil fee) + 21 sats (70% territory revenue) + 9 sats (30% rewards)

#692153

20 sats \ 0 replies \ @thebullishbitcoiner OP 16 Oct

Also just found this awesome graphic by @Jon_Hodl from Understanding Fees On Stacker News

34 sats \ 0 replies \ @k00b 15 Oct

He's talking about the 30% sybil fee on zaps.

21 sats \ 0 replies \ @nym 15 Oct

LFG!