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I felt the same urgency this morning. I already had auto withdraw in place, but then it took me a little bit to process what it meant to connect a send only wallet. What does "receive" in its context mean, what does "send" in its context mean? I had to speak this out loud before I understood it.
I then asked if an external sending wallet was necessary if I wished to zap fellow Stackers real sats. The answer was in the affirmative.
Here you put this very simply. Nice!
I would only admit this on your post. Everywhere else the discussion is dense, and I sense disdain for any slowness to understand.
Thank you for your simple guide, it is helpful!
Tip of the day
Simple opsec with SBW and hosted channels (HC)
- Setup on your home personal node or a friend node a server for hosted channels using @fiatjaf Poncho and Cliche. Or use any other HCP (hosted channel provider) available.
- Use https://github.com/btcontract/wallet/ to open a HC with your personal HC server, or many HCs.
Anytime you want to hide your sats from that HC, you just have to remove it from your channel list. Go to Lightning, swipe to the right the channel you want to hide and select remove.
Anytime you want it back, just scan again that HC node address and select "use HC". Done, the channel is back again and your sats in it. Funds are safu.
Nobody could see / know about that channel if is not there.
This could be a simple opsec option at hand.
The commit fees are changing.
If/when mempool fees are fluctuating, also the commit fees will increase or decrease and that will be affected in your channels "can send".
- https://lightningwiki.net/index.php/Fees
- https://bitcoin.stackexchange.com/questions/89232/why-is-my-spendable-msat-much-lower-than-msatoshi-to-us/89235#89235
Another aspect that you should take in consideration is the "buffer" kept in each channel when is about to be depleted:
https://github.com/lightningnetwork/lnd/blob/6dea86428d031171af30119e3f6599820dc5454a/lnwallet/channel.go#L3803-L3815
For those cases, if you really want to empty that channel, you have to go slowly with smaller amounts, going closer and closer to the last sat you can send.
But with Alby Hub you cannot select a specific channel to make a payment (yet). You will need to use another node management software like Thunderhub, RTL, or Zeus that allow doing that.
Is something wrong with my LND?
Should I be worried?
No. This is how LN it works. That's why we always recommend to NOT open small tiny channels where this difference can be seen easily. For a larger channel it will be insignificant change.
I think more communities like Plebnet need to be formed. Also, can we work on i2p as a backup in case Tor runs into real problems? The US gov needs Tor to work, but they don't need it to have the reliable uptime Bitcoiners need for running a successful node.
Now you're onto something. Whether you allow more type I or type II errors should depend on the costliness of each type of error.
That's true. However:
Oftentimes, the cost of subscribing to a false conspiracy theory is just looking silly, while ignoring a true conspiracy theory might come at a ruinous cost.
It's not a one-time game. There's a cost to crying wolf, or heeding the cry. The cost of endless conspiracy theories that you either promote or accept is that both your credibility and your discernment trend to zero, which hurts both you and the community in which you operate -- and possibly the world, if you want to really get serious.
The damage done to btc adoption by having its most prominent and loudest voices be a mental landfill of extremism, midwit pseudo-intellectual blathering, and aggression, is hard to understate. If you think btc is an important thing for the world, then setting adoption back a decade by these folks being the public face of it [1] should make you upset.
[1] Of course the public face is always in the process of shifting. But this was true for a long time and is still significantly true.
You might have seen it but there is a cartoon called Tuttle Twins, they did an episode on bitcoin. Quite funny for adults too! Couldn't find the full episode sorry
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