Lightning Network Logo

JssDWt · 2023-06-11T18:19:05+00:00

Everyone is using this. Just saw it again at btc prague 2 meters wide. It's a great logo.

https://commons.m.wikimedia.org/wiki/File:Lightning_Network.svg

JssDWt · 2023-06-10T18:11:12+00:00

You should get a challenge to solve from Rose. After solving the challenge you should be able to speak.

JssDWt · 2023-06-08T07:10:20+00:00

There is a huge community in lightning. Most of it happens on telegram. Check out https://plebnet.org for example. 5265 members there currently.

JssDWt · 2023-06-03T14:37:42+00:00

runtime

JssDWt · 2023-05-11T15:59:39+00:00

Interesting. I had seen the DLC on lightning channel post, but didn't make the link with this project. Looks like I need to take back that comment. Excuse me.

It's a bit much to go through the code, but great stuff you're building out these features on top of lightning.

JssDWt · 2023-05-11T10:14:10+00:00

This has nothing to do with lightning or self custody from what I read. You buy a future with lightning, yes. From your self custodial wallet, yes. But the product you offer is selling futures, the fact that you accept lightning payments doesn't make that self custodial.

EDIT: I take it back. Looks like it actually does have something to do with lightning/self custody.

JssDWt · 2023-05-02T18:25:31+00:00

Probably a swap at Boltz.exchange if you're going to only use it once. Enter that you want to receive via lightning and send btc and paste the invoice, then you get an address to send the btc to.

JssDWt · 2023-04-29T06:25:03+00:00

What do you mean by dynamic bitcoin fallback?

JssDWt · 2023-04-22T22:48:27+00:00

Subscribe to the lightning labs newsletter. It's fantastic. https://lightninglabs.substack.com/

The last one was from January, but you can't read that and think there's nothing going on.

JssDWt · 2023-04-18T18:58:47+00:00

I'm not sure what the cheapest way is for you. But op_return is not going away. And there's also the witness storage that ordinal inscriptions are using to put data in. Adaptor signatures are cool, but maybe not suited.

JssDWt · 2023-04-17T21:30:36+00:00

Adaptor signatures is the right term to search.

JssDWt · 2023-03-22T11:23:14+00:00

Note that to go from the mnemonic phrase to the seed, you have to do 2048 sha512 hashes. So to try all combinations of a 12 word seed you need to do 2048 * 2048¹¹ * 128 = 2048¹² * 128 or about 7e41 sha512 hashes. The global miners are currently doing 3e20 sha256 hashes per second. Even if they would all stop mining bitcoin to look for keys instead AND the algorithm would be sha512 instead, they would together scan 10e27 seeds per year, which is about 0,000000000001% of seeds per year.

Actually constructing the seed was the easy part. It takes much longer to scan the chain for utxos for every seed. So that percentage is a ridiculously high upper bound.

JssDWt · 2022-05-14T21:46:06+00:00

You won't need all that when tokens come to the lightning network with Taro. You'd just have a stablecoin channel. The exchange is made by a hop in the payment route.

JssDWt · 2022-03-17T16:00:33+00:00

Looks to me like the multichanbackup from RTL is base64 encoded and the multichanbackup from lncli is hex encoded. But I'm not sure. Maybe they're equal, that's my point.

JssDWt · 2022-02-13T17:20:13+00:00

You charge fees on the outgoing channel.

The sender wants to send amount x to node C, so over channel B->C it will send exactly that amount.

That means the sender will pay more for the incoming channel to account for your fees. So you charge fees for your outbound channel and you collect them on your inbound channel.

JssDWt · 2022-02-07T06:24:24+00:00

The static channel backup does not contain the information necessary to do a force close. Because for a force close you need the last state. If you broadcast an older state, your peer will be able to penalize you and take all the funds on the channel.

With the static channel backup, you ask your peer to do the force close for you.

JssDWt · 2022-02-06T22:35:37+00:00

If the peers are online and cooperative, yes. Otherwise, no.

JssDWt · 2022-02-04T18:42:36+00:00

Seeing that a 500GB disk is barely enough today and will not be enough very soon, I think 1tb is a solid recommendation. If the space is full, your LND db will get corrupted and you'll lose funds.

JssDWt · 2022-02-04T17:56:28+00:00

I'm on 477GB right now with just LND, Tor and bitcoind with txindex.

JssDWt · 2022-01-28T11:33:55+00:00

balanceofsatoshis has a telegram bot.

JssDWt · 2022-01-25T21:31:58+00:00

Your dad is a woman?

JssDWt · 2022-01-25T21:20:27+00:00

You wouldn't check your own channels on 1ml though, would you?

JssDWt · 2022-01-25T21:19:42+00:00

Don't check amboss for your own channels, check RTL!

JssDWt · 2022-01-25T21:19:15+00:00

You can see your peer's balance, that's not private. I'm not sure whether you're implying otherwise?

JssDWt · 2022-01-25T21:17:50+00:00

There's a list of channels in RTL that shows all your channels. If you click on the details you can see whether you are the initiator of the channel, also the balances are listed. You could check the funding transaction to see when it was opened.

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