coinbase supports over 100 shitcoin chains natively but had to outsource their lightning implementation
you might think this is because coinbase is retarded but actually it's because lightning is retarded
sadly this isn't twitter so I can't disable comments, my body is ready for your hate, let it flow through you directly to my chan_status_borked
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Replies (95)
why is it retarded?
you're right! i'm totally with you π«
it can't be self-hosted
it's banker type shit, not properly decentralized
can you explain your point of view?
also, what's the alternative in your opinion?
ps: I can't hate you cos I don't believe in truth, only different perspectives.
Could you please explain further why you think lightning is retarded? Too complex? Everyone canβt have a channel?
It may be retarded but its OUR retard.
yes
Idk about utxo's opinion but we should be using actual proof of work cryptocurrencies. Bitcoin, doggie coin, Monero, etc.
Not lightning, which uses "self hosting" as a euphemism for using a server you control instead of literally self hosting
Not mine. I like Bitcoin and doggie coin and Monero, which aren't retarded
Idk if utxo will explain but I keep saying this, it can't be self hosted. Lightning is one of those things that uses "self hosting" as a euphemism for "using a server you control." It's not an actual p2p proof of work cryptocurrency like bitcoin
monero is super retarded, if it actually had users nobody would be able to run a node, they waste way too much space trying to preserve privacy
You must be super retarded yourself if you're not aware / willing to pointlessly pretend to be unaware Monero actually has users
ask anyone who has tried to run an ln node how much sats they lost learning it, especially non-techies
lol 

Is this just another reply where you repeat the thing with trying to pretend you can't tell the difference between 0/1 and a plural amount?
If I had suggested using shitcoins it would sound like you're using those words correctly, but instead it seems like you mistyped when you meant to put "I'm a fucking retard with nothing to say but replying anyway to waste your time"
I'm more interested in what caused this note
Was it force closures π
ππ
thatβs the downside of an uncensorable social network! you cannot censor comments you donβt like
It's a giant armory stocked exclusively with footguns. You either put 9 holes through your shoes learning to self-host or you just LARP with a custodial wallet.
If I had suggested using shitcoins it would sound like you're using those words correctly, but instead it seems like you mistyped when you meant to put "I'm a fucking retard with nothing to say but replying anyway to waste your time"
I'm running lnd testnet on my server and so far no problems. Also setting up lightning through Zeus wallet is pretty easy. And Phoenix Wallet manages the hard part themselves.
I think Lightning is great for instant payments. I don't know if merchants are willing to take unconfirmed on-chain transactions. Depends on the fee. But they won't see the fee.
Cool story
lightning is not the best, but it's the best we have.
Somehow i still love it though despite the pain. Im in an abusive relationship with multiple lightning nodes though π
No. It was a calculated move by Conbase with Lightspark. And is a long shot plan as it was from the beginning with Conbase.
Remember that Conbase started as bitcoin only exchange long time ago.
Lightspark is the 2nd phase of taking over the control of bitcoin users.
Do not underestimate WHO is behind all this move: the Marcus family.


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Two companies closely tied to Peter Thiel β PayPal and Facebook β have embarked on apparently unsuccessful efforts to create a βnew world cur...
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Of course. Yet again. Everytime.
Lighting has always worked flawlessly for meβ¦
i've been running a node for almost 6 years. i too can say that i've had no issues and works great for me.
i've also helped dozens of people over the years troubleshoot and recover funds from their nodes. literally remoting into people's nodes and recovering their funds for them. this is not sustainable. not everyone has a trusted nerd in their pocket.
i've also helped countless dozens of people get on-boarded to lightning and struggled to give them solid options because they're nerds like you and i. lightning is hard for most people.
And?
π«‘
Hahaha ANDβ¦ Palestine should probably worry more about the Jews than the lightning networkβ¦ Just saying π₯·
no, it's just useless
Bitcoin, Monero, doggie coin, gold, and silver are the best we have
There's a lot of confusion and misinformation about Lightning floating around ... please educate yourself: 

The Lightning Network: Solving Bitcoin's Scalability Problem | Megalith Lightning Docs
The Lightning Network is a proposed solution to the problem of slow and expensive Bitcoin payments. It is a network of nodes that can move Bitcoin ...
Weak gaslighting attempt, Nazi
Yeah cuz knowledge is racist huh π€£π€£π€£π€£π€£π€£
Yeah, I ran an LND node on Umbrel for the whole period where Phoenix left the USA. Not fun. I didnβt lose any sats but it was a pain in the ass, and not worth it imo. As soon as Phoenix came back I went back to that and Iβll probably eventually switch to Ark. The Arkade.money PWA wallet seems cool so far but too early for a daily driver.
I disagree
Lightning was retarded a few years ago οΏΌοΏΌ
But now with things like Zeus, ecash, phoenix, and Nostrβ¦.
Itβs no longer retarded.
Itβs easy and badass.
The clowns running coinbase are just clowns
Lightning network is "secured" by paying the authorities for bandwidth and electricity and space to let you share control of your servers with them
Actual Bitcoin network is secured by paying miners and nodes to actually secure the network
Not really
Fucking gay story
Lightning doesnβt have to be hard lol
Zeus already fixed the issue
thanks man, over the last 5 years i only ran about 20 nodes, built 2 companies on it and made thousands of hours of open source contributions to lightning, but I didn't read this how it works webpage, i'm now educated, lightning rocks!
Bitcoin nodes aren't standard with homes, you can't just run a lightning node or a Bitcoin node from home
Worthwhile cryptocurrencies don't require you to rent a node, you just pay when you actually have a transaction and you have actual self custody
the node in the phone is great, but it still presents challenges for normies.
Nah it was a challenge to have to pay to open a channel
Ecash fixed that
The challenging part no longer exists
ecash is nowhere near normie friendly.
if lightning via zeus and ecash were easy, why don't we have 1M+ nodes right now?
there is still way too much friction.
Education
People are not yet aware
The friction has been removed
No more friction
Thatβs gone
I've lost so many sats to force closed channels on node in the phone apps that it seems like a scam.
When they force close a channel the days go to your on-chain shit
As long as you have your seed your good lol
The sats*
there might not be friction for you, but there friction for non-technical people.
I guess
But it seems like all u gotta do is download an app
lol
Anyone with a smartphone is capable of that lol
and yet people say there's no friction and the friction is gone...
the fact still remains. node in the phone is great, but it's only great for people that aren't able to run node in the computer. and even then, that's still not great for the vast majority of people.
Opening channels isn't free. You open them only for them to force closed again. No support or accountability from the people making the apps. Literally a scam π€·ββοΈ
which is why i say it's great! it is great that this technology exists. but it's just not roll your face across the phone easy to do yet. it doesn't work 100% of the time without issues yet. it's great, but still has a lot of room for improvement.
Nah I disagree π―
we know it's not a scam, but we also know that normies will think it is because of these things :(
Your opinion means nothing to me in the face of my own experience, thanks π
It our best retarded thinkππͺ
I would definitely never recommend those services to a friend looking into Bitcoin. On-chain is fine, but lightning has so many caveats and problems I wouldn't risk it.
Your opinion means nothing to me as well
Actually blocking u now for being a cunt
lol
Ok
Your uninformed and uneducated on the topic apparently
Maybe you tried it like a year or 2 ago lol
But itβs different now
Anyways Iβm done letting you ruin my morning
Bye
+1 on this. I would have more sats now if the narrative was βuse a custodial walletβ rather than βyou need to run an ln node or youβre not a real oneβ. Such bullshit
it's custodial, but Strike or CashApp are great for Lightning.
Ryan speaks the truth. This is the experience of most people who ran ln. Sure, youβre in control, but you lose way more sats that way. WoS never rugged me so far
I thought you were blocking me. If someone disagreeing with you is so offensive, I recommend you do.
π―
I've got a couple friends into Bitcoin. For their purposes, saving, lightning isn't really necessary, on chain is all they need. Hopefully it gets better with time.
Unfortunately neither of those are available for me in Canada.
Nah its self custody
And extremely easy
Phoenix or Zeus
Shilling kyc shit is trash
Or Minibits
Or npub.cash
Itβs normie friendly
Iβve seen 12 year olds do it no prob.
Cash app is my goto custodial choice, I like that when I spend dollars through it I have it rounding to the nearest dollar and that difference is automatically turned to sats for me.
minibits and npub.cash are not self custody :)
phoenix is actually fairly easy, i wil give you that.
coinos, rizful, albyhub... lots of options, none without caveats
that seems to be a recurring theme with lightning: choose your caveat.
I think one of the most damaging things in the Bitcoin space is wilful ignorance of how bad some of the tools actually are. Toxic positivity can be just as bad as the negative version. If you can't admit your problems, they never get fixed.
Glad we could help.
Jew hater spotted
Marcus is a piece of shit like a lot of Christian and Muslims. Bryan Armstrong is way worse but you donβt say anything about his religion
Blaming the Jews is a lazy cop out and bitcoiners need to do better
If you buy via bitkey>cashapp no fees, no spread through December
The internet isn't inherently part of your home. You can "run a node" i.e. have a server run a node in a place where you have a constant internet connection, not wherever you sleep. Or you can rent one remotely that has nothing to do with where you sleep. But you can't "just do it," you can't just "run a node," it's a euphemism for having internet access, electricity, space to put a server, etc.
It's worthless when we already had actual P2P proof of work payment ledgers before it was invented. Why would you downgrade to some bank style shit when we already have a decentralized network that defeats the purpose of banks? Bitcoin and Monero and doggie coin let you actually self custody your money
Absolutely based
Third party custody is not great
ecash is a centralized custodial IOU altcoin rug factory with the B logo drawn on it in crayon. it's not bitcoin. you are promoting an affinity scam.
and if you think zeus is easy you might have autism
All this talk about LN makes me remember the old days when OGs viewed Monero as the silver to Bitcoins gold!! If you plot ahead it really makes more sense to use Monero by the masses since they wonβt be able to easily acquire Bitcoin post collapse
Monero is the most easiest to run a node. Haven't seen anything that comes close to the easiness.
Saved me from: celcius,blockfi, grayscale, FTX, inscriptions (Udi) facebook, google, oracle, pornhubβ¦β¦
Here is another pro tip. Thank me later


Zeus's built in node is quite a nice balance for sovereignty and convenience.
Blixt too.
Full LND only gives some marginal additional utility, but set up is quite easy these days particularly with Olympus as an LSP. You can get as in the weeds as you want or keep it simple.
Will repeat myself again.
Blaming Jews for all the worldβs problems is a lazy cop out and bitcoiners need to do better. We should hold ourselves to a higher standard
Cope harder and go fuck yourself if you canβt get past your Jew hate and continue to post this Jew hating bullshit
$CONI youβre welcome
Fuck off jew. I can post whatever i want here. Nigger. Go back to the jew controlled platforms if you cant handle it.
You sure can and I will call you out for being a retard
Cope harder and go fuck yourself
hahaha that vid is funny as fck
its silly if you run a node and do channel management. Ive lost a bunch of umbrel and mynode back in the day, trustodial lightning is an excellent experience. I learned the lessons #reckless a few times and should have listened to the disclaimer.
Why canβt they both be retarded?
Writes a post about lightning being retarded and receives sats for writing said post using lightning. This is a marketing genius at work.