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Posted about 4 hours ago by LN+
- Permissionless Access: Anyone with internet access can utilize a Lightning wallet, regardless of age, social status, or geographical location.
- Efficiency: Transfers over the Lightning Network are remarkably cheap, often costing a mere fraction of a cent.
- Speed: Transactions are nearly instantaneous, typically completed in a second or two.
- Streamability: Payments can be extremely small and frequent.
- Hard Currency: The network deals in Satoshis, which are fractions of Bitcoin – the most robust form of digital money, highly sought after globally.
Here's a dive into the imaginative business applications enabled by these features:
Real-Time Data Streaming Payments
Pay-Per-Use Software Features
In-Game Actions and Events
IoT Device Interactions
Crowdsourced Research and Data Collection
Public Wi-Fi Access Time
Micropayment-based Charity Donations
Pay-Per-View Educational Content
Automated Micropayments for Content Attribution
Micropayment-based Environmental Actions
Dynamic Pricing for Digital Advertisements
Pay-Per-Use Home Appliances
Decentralized Content Fact-Checking Platform
Each of these ideas leverages the power of micropayments to foster innovation across various sectors. From transportation to environmental sustainability, and healthcare to education, the Lightning Network opens new avenues for community engagement and benefit. This is a call to action: draw inspiration from these concepts, build on Bitcoin and the Lightning Network, and launch your venture in 2024.
Posted about 24 hours ago by honey
Posted 1 day ago by Midas
and the abandonchannel command described at https://lightning.engineering/api-docs/api/lnd/lightning/abandon-channel/index.html:
To access the command line interface for interacting with your Lightning node, follow these steps:
Connect to your Umbrel device by following the instructions in How to SSH into umbrelOS on Umbrel Home or Rasberry Pi or by accessing a terminal on your Linux machine.
Run the following command*. If you are on a Linux machine, you may need to replace ~/umbrel with the path to your installation directory, as described in Troubleshooting on Linux:
sudo ~/umbrel/scripts/app compose lightning exec lnd lncli <command>
*Replace <command> with any of the lncli commands, such as getinfo.
sudo ~/umbrel/scripts/app compose lightning exec lnd lncli abandonchannel "TXID" "OUTPOINT" --i_know_what_i_am_doing
Posted 4 days ago by sugar🔥⚡
Posted 4 days ago by EnduraUmb-I
was jsut again wondering why so many channels (10%) are offline on my node. Internet and node seems to work - only saw high CPU on TOR processes. Then checked all of the offline channelpartners via LNRouter. All of them were pure TOR nodes and all were showing instable connections (more than 50&% offline).
==> I decided to disable TOR in LN+ settings at least temporarly as it is not the first time TOR causing issues :(
thanks for your understanding
Posted 6 days ago by Fopstronaut
Posted 6 days ago by LN+
Access the dashboard by clicking the "Dashboard" button on the top right if you're signed in to LN+.
New Page Descriptions:
- Channels: Pending Opening – This page provides a consolidated summary of all channels you are preparing to open on LN+, including those for Liquidity Swaps and Pool Credit Transactions. Instead of navigating through multiple individual pages, this one-stop page allows you to manage everything efficiently.
- Channels: Active Obligations – Here, you'll find a list of all channels that you need to maintain open to fulfill your commitments across different services on LN+. It helps ensure you do not breach any agreements.
- Channels: Concluded Obligations – This section displays all the channels you can optionally close, as the agreements' end times across various LN+ services have been met. While there's no need to close these channels immediately (in fact, keeping them open longer is beneficial), you have the option if you wish.
- Liquidity Swaps: All Agreements List – This page offers a detailed table of all your Liquidity Swap agreements, including information about the nodes involved in each swap. It's particularly helpful for locating specific liquidity swaps based on the node's alias.
- Liquidity Swaps: Active Agreements – View a grid of cards representing all active Liquidity Swaps, where the agreement's end date has not yet been reached. Keeping these swaps active involves maintaining the associated channels open.
- Liquidity Swaps: Concluded Agreements – Similar to the above, this grid of cards shows all Liquidity Swaps where the agreement has concluded, meaning the end date has passed. Channels in these swaps can be closed without negatively impacting your reputation.
We always appreciate your feedback, especially regarding any functionality issues. Please report any problems so we can promptly address them. Thank you for your continued support of LN+!
Posted 8 days ago by Studio314
Posted 8 days ago by CHILLYCALENDAR
I hope it's OK for me to announce this here. I have created a new community over on Amboss Space for Bitcoin Lightning Network node operators that would like to help support the payments of businesses involved in providing sex related products and services or adult entertainment including sex work, strip clubs, host and hostess clubs, online adult entertainment and so on.
The link to the community is: https://amboss.space/community/f34223dc-c881-4b93-a631-70f751e775f0
I want to create a network of lightning network nodes that are committed to achieving censorship free payments for the sex industry worldwide to permanently solve the issue of debanking and payments censorship for the industry and to use this as a test case for other industries that have similar issues with payments censorship and banks.
The overarching goal of the community is to create a network of sex industry and sex industry friendly lightning nodes connected to each other with payment channels open between nodes so the sex industry globally can process payments 100% free from censorship. Payments that cannot be blocked, censored or frozen.
My ultimate goal: A Bitcoin Lightning Network node located (or providing services to) every major red light district in the world.
I maintain a website where I have created an interactive map of lightning nodes that have joined me in this quest:
If you're interested in this please join my new community on Amboss.space and I will add your node to the map on my website.
You can learn more about my open source project Bitcoin is for Everyone on my YouTube channel:
Posted 9 days ago by LN+
- Function: Acts as the fundamental layer for monetary transactions, predominantly for savings and enabling payment layers through smart contracts.
- Users: Several million private and business entities.
- Technology: Basic Bitcoin full node.
- Benefits: Highly secure and straightforward to operate.
- Risks: Transactions can be costly and slow when the fees are high.
Side Chain Solutions
- Function: Offers an on-chain-like experience with fewer drawbacks. Example: Liquid and Rootstock.
- Users: Those needing confidential, offline and large bitcoin transactions.
- Technology: Simple wallets or a sidechain node.
- Benefits: Easy handling of any transaction amount. Cheap and relatively fast.
- Risks: Potential risks with the sidechain federation.
Routing Lightning Node
- Function: Facilitates payment routing across the Lightning Network.
- Users: Services numerous Lightning nodes for payment routing.
- Technology: A lightning node with hundreds of channels of varying sizes.
- Benefits: Quick, reliable, and potentially revenue-generating through routing fees and selling channels.
- Risks: Resource-intensive in terms of time and money. Lots of funds in hot wallets.
Non-Custodial Merchant or Exchange Lightning Node
- Function: Geared towards businesses for receiving and occasionally sending larger payments.
- Users: Businesses and bitcoin exchanges.
- Technology: Node with sizable channels to mostly routing nodes.
- Benefits: Low costs and risks, efficient and dependable payment for customers.
- Risks: Requires continuous maintenance.
Custodial Wallet and Merchant Payment Lightning Node
- Function: Optimized for high-frequency, bidirectional payments.
- Users: Businesses catering to millions of clients.
- Technology: Robust nodes linked to Routing Lightning Nodes and merchants run by professional node infra operators.
- Benefits: Revenue from transaction fees and value-added services.
- Risks: Security concerns due to large customer funds.
Family and Small Business Lightning Node
- Function: Provides Lightning Network connectivity for a closed user group.
- Users: Family or small business associates.
- Technology: Nodes with private or high-fee channels to discourage routing and associated risks. Uses LNBits or similar account management software to separate out accounts.
- Benefits: Low cost and risk, with stable performance.
- Risks: Partial trust required for users.
Hobby Lightning Node
- Function: Personal nodes for individual or small business use. For example Umbrel or Phoenix wallet.
- Users: Private individuals.
- Technology: Few channels connected to relevant nodes.
- Benefits: Trust-free operation and full control over capacity and funds.
- Risks: Limited receiving capacity unless incoming channels are purchased.
Fully Custodial Accounts
- Function: Instant wallets for sending and receiving payments. Ex. Wallet of Satoshi or Speed Wallet.
- Users: Private individuals and small businesses.
- Technology: Basic wallets without a dedicated node.
- Benefits: Easy to use, no maintenance required. Access to various value added services, such as a bridge to debit card systems, stable coins, gift cards, mobile top-up systems, subscription services, etc.
- Risks: Dependence on custodian security. All funds and payment related meta information is at risk.
Posted 11 days ago by EnduraUmb-I
- Fokus on clearnet nodes
- Avoid unstable node connections
- Minimum Channelsize 3MSAT - I might replace small channels next year
Or complete shutdown (very unlikley) in case this annoying automated closures of channel is continuing :( ?!
I hate it, if you cannot control things by yourself.