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I’m just now entering the world of Bitcoin, and right away, I came across concepts that felt completely alien to me—Lightning Network, on-chain, custodial and non-custodial, UTXO, satoshis, stacking, and many others that I keep discovering every day.
After a week of intense study, many of these terms no longer sound so strange, and I now have a basic understanding of what they mean. At least in a conversation with crypto veterans, I wouldn’t feel completely lost.
But there’s still one concept that confuses me and pushes me away every time I try to understand it better—not because it’s forbidden knowledge, but because it’s too complex for me to grasp and even to implement based on my needs: the Lightning Network.
This is where our beloved sats circulate—tiny fractions of BTC used in daily transactions of small amounts. The Lightning Network is faster than Bitcoin’s standard on-chain network. And that’s where my doubts begin: if Bitcoin’s golden rule is “not your seed, not your coin,” where are the seeds in Lightning? Are there only non-custodial wallets? Why are transfer fees between networks so high? Is it truly secure?
In my search for answers, I came across even more concepts—nodes, channels, channel purchases—just like everything in the BTC universe.
Okay, time to stop and accept using custodial wallets, where I don’t have real control over my sats.
But Bitcoin’s philosophy is financial freedom and total control over your coins. Let’s not get into the topic of exchanges and fiat banks that control the money of those who use BTC more as an asset than as a free currency. So how can I take control?
Channels. Buy your channel, keep it online 24/7, and receive your sats. A complicated concept for any newbie like me.
And here’s my dilemma: is it worth opening and maintaining a channel, not knowing if I’ll have frequent deposits, just to truly own the few sats I have?
This is the journey I’m on, and I’ll be sharing everything I learn along the way. I appreciate any guidance for someone as lost as I am.
There is no need to put a lot of stress on learning part. You just need to learn how to self custody your bitcoin reserve. For daily use you can use any good wallet with low amounts. I'd recommend you to use blink (custodian) serves the purpose well.
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121 sats \ 1 reply \ @javier 9 Feb
Lightning is the "debit card" of Bitcoin, it is for spending or zaping, or for stores to receive. There is another use, which is having a "bank" for your family (via LNBits). If you are just going to stack sats, it has not much utility, except if you stack very little every time so you accumulate transactions, and then convert to onchain, saving a ton of transactions.
The point of Lightning is to make Bitcoin suitable for consumers and stores. Nothing more.
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Tks for this. So on-chain is more as my reserve varies for the future. And LN is, as you said, something daily and easy to use. I'll find out more about LNBits.
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I’m just now entering the world of Bitcoin
Is 2025, what have you done until now? Travel around the Moon?
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Do you make lightning transactions very often?
I learned a lot about lightning by using Alby Hub, which is very user friendly. It really helps to be able to see everything functioning.
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Not so much for now. But I started stacking, and at some point, I’d like to make regular profits in sats. Maybe a channel isn’t necessary now, even though I’m still thinking about the concept of truly owning my coins. What you think? A had a problem with Alby Hub by my fault, my connection was unstable and my channel was deleted.
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Something like that happened to me, too.
My recommendation is to put off Alby Hub until you know what your uses are. Opening channels is costly, so you don't want to do it frivolously.
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Thanks for the tips, I'll continue with my routine portfolios accumulating and studying more about this network, which is very important for those who are starting out, even more important than on-chain at the beginning.
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So it took you 2 years on SN not using LN in a proper way until you decided to try Alby... and failed. What have you done in these 2 years ? Even if you dedicate 10 min/day to study how LN works and you can still learn something.
Impressive how people are wasting their time with anything else but not study Bitcoin... and this will cost them a fortune.
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What are you talking about?
I started using Alby Hub the moment it came into existence and it's gone fine for me. Are you drunk?
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So for you Alby is the only thing you could use for LN? You joined SN on Nov 2022, that means more than 2 years reading here about how to use LN in many ways. We were talking about LN every fucking day. Alby hub was launched in 2024 not in 2022. What have you done those 2 years? Using only WoS ?
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No, I've tried plenty of wallets and I never used WoS.
What crawled up your ass today?
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I learned a lot about lightning by using Alby Hub,
Read again the abomination you just wrote. So... Alby Hub launched in 2022, so until then you didn't learned "a lot" about LN.
Something like that happened to me, too.
I could say you learned almost nothing if only Alby Hub make you start seeing how really LN works.
What crawled up your ass today?
I do not like pretenders and liars.
Two years? No. I entered bitcoin a few weeks ago and tried Alby less than 1 week ago. Where did you get that I've been two years? I discovered SN yesterday and I'm reading the articles and learning more, I intend to share what I'm learning too.
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The comment was for Undisciplined, not for you. See the thread?
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