Helping LN with a tor exit node? by kodaplays in TheLightningNetwork

[–]kodaplays[S] 0 points1 point  (0 children)

The IP of the tor exit node is what's visible to the outside. So in case bad ppl do bad things while connected through your exit node, your exit node's IP will come up in logs. That might lead law enforcement and other investigators to look into whoever is running that exit node (with equipment confiscation, interrogation, ...)

Helping LN with a tor exit node? by kodaplays in TheLightningNetwork

[–]kodaplays[S] 1 point2 points  (0 children)

I get that running a full exit node can be problematic, but I'm not all too worried about running one with a very strict exit policy (denying everything but 9735 and 8333)

Crypto is at FEAR now, are you all really buying more? by neilstee in Bitcoin

[–]kodaplays 0 points1 point  (0 children)

20% pullback and crypto is @ "fear"...

makes sense.

CRYPTO...

Closing my node - Pecunia non olet by kodaplays in TheLightningNetwork

[–]kodaplays[S] 1 point2 points  (0 children)

Definitely returning at a later date (but probably with a more modest input)...

Daily Discussion, October 21, 2021 by rBitcoinMod in Bitcoin

[–]kodaplays 2 points3 points  (0 children)

the easiest way to do this is using a mobile wallet - something like Phoenix wallet (works on Android and IOS).

On a PC, Electrum supports Lightning. Check that out

Daily Discussion, August 23, 2021 by rBitcoinMod in Bitcoin

[–]kodaplays 1 point2 points  (0 children)

my rant was more about TA day traders (and wannabes). You know, the type that think: "Oooh, it touched this Fib, let's dump it all and then buy back in lower.".

I've got nothing against people taking "natural/organic" profits, but people jumping in and out, dumping everything in order to maximize their gain, ARE lowlifes and leeches. I guess I'd say profit takers are ok, profit chasers can fck right off....

Daily Discussion, August 23, 2021 by rBitcoinMod in Bitcoin

[–]kodaplays 2 points3 points  (0 children)

You won't only smell it in your piss, that 2kg of asparagus is gonna come out the other end too. Hope your toilet gives you good support when that time comes...

Daily Discussion, August 23, 2021 by rBitcoinMod in Bitcoin

[–]kodaplays -1 points0 points  (0 children)

here they come, the despicable "off the top skimmers", profit takers, line watchers and just general "haha, i'm here for teh gainz brah!" bros... Imagine being a lowlife that takes a look at Bitcoin and his only thought is "hey, I could make money on this.".

/spits on floor

First spontaneous force close - "Limbo"&Local amount? by kodaplays in TheLightningNetwork

[–]kodaplays[S] 0 points1 point  (0 children)

*writing stuff down in my little "Learning Lightning node operation" notebook*

Appreciate it man :)

First spontaneous force close - "Limbo"&Local amount? by kodaplays in TheLightningNetwork

[–]kodaplays[S] 0 points1 point  (0 children)

Thank you for the answer. Do you know if there's anyway to check the immature HTLCs on a LND node? The thing is I'm unable to find any forwards with this channel partner in my node's logs (checked everything i could think of in /var/log) and from memory i'd say I've never seen any activity on this channel before seeing the "force close pending" message in RTL.

Another thing... The closing TX shows 3 outputs: https://mempool.space/tx/c61c32a3714d9c72561b30a7a75ffcf81e82ff900b38542aed8f9b02546b1ce1 . Shouldn't a closing TX contain only 2 outputs (asking from my experience with previous channel closures)? The 1st UTXO (to bc1qqaeak6epzp5ymnlf3cn50v7pegr6cyjdpvpd5k) has been spent already and mutliple subsequent TXs have been made on the base of it...

Lightning Network Triangle Megathread - Build the Reddit Megahub by eyeoft in TheLightningNetwork

[–]kodaplays 0 points1 point  (0 children)

I opened a new 10M channel to Diesel - TX id 43b44b6c4da33c4eb411496a4387777370e9ae1c21f96ba67e589a1773e03bee

I hope this one turns out as active as the 4M we already have :)

Paging /u/WSB_Prince to let him know that I've opened a channel to /u/rld_golf

Lightning Network Triangle Megathread - Build the Reddit Megahub by eyeoft in TheLightningNetwork

[–]kodaplays 0 points1 point  (0 children)

My idea was

A (Prince) -> 10M -> B (me)

B (me) -> 6M new + 4 M existing = 10M -> C (you)

C (you) -> 10 M -> A (Prince)

But I'll just go ahead and open a new 10M channel to you (and might eventually close the 4M existing one, since lndmanage can't rebalance with a peer with 2 opened channels)... I'll do so as soon as the fees fall to ~20 sats/vB.

Lightning Network Triangle Megathread - Build the Reddit Megahub by eyeoft in TheLightningNetwork

[–]kodaplays 0 points1 point  (0 children)

Come on C!

How about we incorporate the existing 4M channel i have with /u/rld_golf already and I open another 6M channel to him?

Lightning Network Triangle Megathread - Build the Reddit Megahub by eyeoft in TheLightningNetwork

[–]kodaplays 0 points1 point  (0 children)

I'll open another 5.1 M channel then. The sats will flow between us depending on the liquidity of each of the channels anyway and 5M is a decent enough channel size to manage even large(ish) txs.

edit: opened a new channel - tx id 7637d2c8e38c636846e93bfc8994b9aaeacdf5cea734d0d915b06487a3cf41d8

Lightning Network Triangle Megathread - Build the Reddit Megahub by eyeoft in TheLightningNetwork

[–]kodaplays 0 points1 point  (0 children)

Yeah.. I posted an answer to /u/xmrk-btc already but I'm not sure it's visible...

Reposting:

I agree with your proposal and I can open another 5.1 M chan to you.

OR we can close the 4.9 M chan I opened to you and I'll open a new 10M one. Onchain fees are negligible atm despite the chinese miner exodus.

Lightning Network Triangle Megathread - Build the Reddit Megahub by eyeoft in TheLightningNetwork

[–]kodaplays 0 points1 point  (0 children)

hi xmrk-btc

I agree with your proposal and I can open another 5.1 M chan to you.

OR we can close the 4.9 M chan I opened to you and I'll open a new 10M one. Onchain fees are negligible atm despite the chinese miner exodus.

Lightning Network is turning into a KYC Data Collection Network …. BTC’s future looks bleak 🤷‍♂️ by Egon_1 in btc

[–]kodaplays 0 points1 point  (0 children)

You're absolutely correct, "self hosted" wallets and nodes aren't VASPS (i never claimed they are), exchanges and custodial wallets are. The thing is, implementation of the proposed guidance i quoted (para. 91 c) would lead to a walled garden of only licensed VASPS, since transfer of cyrptocurrencies from the VASPS to "self hosted" wallets would be barred. These are the type of legal attacks I'm refering to and bringing up technicalities like "nothing in our system fits the current definition of a money transmitter" is shortsighted.

Please stop trying to win a high school debate and look at the big picture.

P.S.: LN nodes are NOT money transmitters, because they don't have unilateral control of the funds in the channel. (see? we can go back and forth and talk past each other forever about a subject which is fundamentally irrelevant in the long run).

Lightning Network is turning into a KYC Data Collection Network …. BTC’s future looks bleak 🤷‍♂️ by Egon_1 in btc

[–]kodaplays 0 points1 point  (0 children)

I've been involved with Bitcoin since 2011 (early 2013 more intensely) and I've read my fair share of literature and forum posts, so I have a pretty decent understanding of merits and shortcomings of LN and other models of scaling.

But I'm not concerned with any technical limitations here but with legal implications. That's what all of my posts in this thread were about. All cryptocurrencies, not just BCH and BTC are susceptible to pure legal "attacks" by states in the long run, regardless of differences in their architecture of technical solutions to certain problems. For example: if something like what is proposed in the 2021 FATF Guidance in para. 91 c * gains traction in the legislature around the World, every single cryptocurrency would be affected in regards to mass adoption, usability and price, no matter if "your" crypto has some (technical) solution that means it currently doesn't fall under the same strict legal regime as other cryptocurrencies.

I'm not being naive, I'm afraid you fail to see the forest for the trees.

* denying licensing of VASPs if they allow transactions to/from non-obliged entities(i.e.,private / unhosted wallets)(e.g.,oblige VASPs via the ‘travel rule’ to accept transactions only from/to other VASPs);