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0 sats \ 7 replies \ @itsrealfake 25 Apr \ parent \ on: Phoenix Wallet - Swap In lightning
the language of "swap" doesn't make sense to me... there's probably a glossary somewhere?
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33 sats \ 5 replies \ @DarthCoin 25 Apr
swap = when you exchange the same item but on different levels or use cases. In this case, move sats from a LN channel into an onchain address.
Glossary Resources:
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0 sats \ 4 replies \ @itsrealfake 25 Apr
interestingly, "swap" isn't present in any of those glossaries.
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0 sats \ 3 replies \ @DarthCoin 25 Apr
Seems that you are new to Bitcoin...
Because many of those glossaries were written before LN existence... Until LN come out, we didn't have to do any "swap".
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0 sats \ 2 replies \ @itsrealfake 25 Apr
I'm not terribly new to bitcoin... but I ignored a lot of information that seemed like shitcoiner noise. and the shitcoiners were always talking about swapping this or that.
peg-in/peg-out... swap... splice... all these are LN terminology that I haven't internalized the meanings for.
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0 sats \ 1 reply \ @DarthCoin 25 Apr
yeah, the terminology have a lot of influence from wall street jargon too. How would you name the operation to move sats from a LN channel into onchain or vice-versa?
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0 sats \ 0 replies \ @itsrealfake 25 Apr
channel shrinking channel expanding
I don't know... I guess the finance bros already figured out a lot of the terminology but I've never had that much direct exposure to finance lingo.
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0 sats \ 0 replies \ @nichro 25 Apr
I do think the "swap" word makes it confusing when first engaging with LN or Liquid. Always took a moment on Robosats when id see swapin or swap out, figuring out which one means going to LN and vice versa.
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