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505 sats \ 5 replies \ @DarthCoin 4 Oct 2022 \ on: Daily discussion thread

Tip of the day!Tip of the day!

Lightning Network (LN) Resources for newbiesLightning Network (LN) Resources for newbies

I see many new users coming here but have no idea about LN and how it works and why LN exist.

IMPORTANT aspects:

  • Bitcoin layer 1 (onchain) could not grow and go forward without LN! Forget about saying that you will always transact only onchain.
  • Bitcoin L1 (onchain) will just gonna die without LN.
  • Soon the L1 will be used ONLY to open and close LN channels, store large amount of BTC in cold wallets, NOT to transact each others, to buy groceries.
  • Onchain is your "central bank", your store of value system.
  • LN is the PAYMENT NETWORK for L1 (onchain), the spending pockets, your "commercial bank".

As I explained in this guide, use the 3 level of stashing: HODL, Cache, Spend.

Guys, before start saying nonsense and stupidities about LN, please read and learn more about LN.
There is a plethora of documentation out there, free, open, guides etc. Are there to be read, not to be ignored.

Please bookmark them, it will save you a lot of time if you read them.Please bookmark them, it will save you a lot of time if you read them.

Here I prepared for you, a basic list:

A. General information and documentation about the Lightning Network

B. Guides and Video tutorials about the Lightning Network and Bitcoin nodes

And many more links here

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21 sats \ 0 replies \ @BlokchainB 4 Oct 2022

Big fan of openoms. When I ran my raspiblitz he was a huge help

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0 sats \ 0 replies \ @weatherall 4 Oct 2022

nice guide ... thanks .

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0 sats \ 2 replies \ @F 4 Oct 2022 -1 sats

I'd be willing to fix your grammatical issues in this guide and all of your others for a couple thousand sats. Let me know if interested, it could make your guides a lot more user-friendly.