Thank you Kruw! Have you tested any other LN wallet or would you recommend I make Phoenix my first choice?

I prefer my LN wallet to be as simple as possible and that is why I have not considered Electrum. What would you say are the pros of Phoenix compared to Zeus and the other way around? Same question for cons. Why would I opt for one over the other?

Electrum is not newbie friendly and requires a longer setup process than I would like. You guys who recommended it, have you ever used it for LN?

Hello everyone!

I am planning to use LN when on vacation in a few months and would like to know which Lightning Network wallet to use.
I want it to be as simple as possible, cheap, fast, and with good connection to other nodes. I am not that worried about custodial LN wallets and the general dangers of custodial wallets because it is not going to transfer a lot of money.

I have narrowed down my choice to either Wallet of Satoshi or Phoenix Wallet.
The first is custodial, the other non-custodial.

Which of these would you recommend? Wallet of Satoshi claims it is free to receive and send LN in most cases. Phoenix Wallet is a bit more expensive.

Have you used one of these and what is your experience? Are they costly? Makes no sense to pay a lot in fees for small transactions.
How common are failed payments?

Do you know of cases where Wallet of Satoshi has locked anyone out from their BTC and asked for KYC or confiscated their money?

If you want to suggest that I use another LN wallet then please do.

Thanks in advance! 

That is not true at all. I say that they are doomed to fail in the long run because your purchasing power disappears year after year. You said that there are currencies that have "lasted for centuries" but just because they "lasted" it does not make them good. You can keep a person on life-support for a decade but what kind of quality life is that?

Back to the fiat currencies that "lasted centuries". If your grandparents left your parents a nice sum of 100.000$ back in 1920 and your parents left you the same amount, how much purchasing power would that money get you today? Back in 1920 you could have built a house. Today maybe you can buy a bicycle with it. How is that not a failure?

Bump

I hope good and knowledgeable people can help to answer my questions here.
THX

I moved my topic here hoping to get better help and more precise information.
THX

You mean the interest paid on top of a loan?

But my question is how? What is the mechanism in the background that determines this? Who or what decides that your fiat is now less valuable against BTC, gold, and other currencies? Who keeps track of it? The same institutions doing the printing? Why would anything they say be trustworthy?

A producer of goods or provider of services makes their goods and services more expansive if people are willing to pay for it or they will lower the price if they cant sell what they expected. But why is that a sign of inflation and what makes the units of money I own worth less?
I hope someone can point me to a beginner friendly source where I can learn about this. I am getting bits and pieces here but I cant create a bigger picture.

OK but why is the printing of new money causing a loss of value in a fiat currency and who determines and decides that the currency is now less valuable and that prices will go up? Fiat isnt a free market adopted by the people. What is in the background that determines how much one currency will be worth against a different currency, gold, or bitcoin?

I think the word successfully that you used is very subjective. I said doomed to fail because the money gets devalued. Imagine you save for several years to buy an apartment. After a long time, you have €300.000. Happy that you have finally made it, you find out that those €300.000 will no longer be enough as they were several years ago. Now you need €500.000. 

Why and how?

I would like to learn more about fiat and why a fiat standard is doomed to fail. I am a complete newbie in everything economics.
Video sources are preferred but also quality tutorials are ok.

How is fiat created? Why is it debt-based? How does it create inflation? How do banks, central banks and world governments manipulate all this?
Why was the gold standard better, and what could happen under a bitcoin standard?

Bear with me, I dont know much about this thing. What would you suggest for a newbie who doesnt know much about the topic to do. The terminology will also probably be completely new to me.

THX

Thank you BitMaxz for your suggestions! Isn't Robosats only for bitcoin on the lightning network and not normal bitcoin?
Thank you everyone else for trying to help.

Does anyone have any other suggestions?

I have one more question. What are your recommendations for DEXs for crypto to crypto exchanges and swaps between different stablecoins? There should be no KYC or chance of fund freezing.

Hi there,

I would like to know what the people of Bitcointalk recommend as the best DEX to sell bitcoin for fiat? I want to avoid all CEXes.
I know about Bisq but dont want it cause it requires the traders to be online most of the time during the exchange.
Some friends have suggested Peach Bitcoin. Anyone here using it? What are your thoughts? Is their enough trades and liquidity for big deals?

Can you recommend something else that you have personally tested and where the fees are acceptable?

Thanks in advance.

Did the wallet automatically take care of the energy and bandwidth that JeromeTash mentioned in his reply as soon as you deposited some tron to it or did you have to do something on your end?

Unstoppable doesn't support tron or USDT over the tron network.

The complaints I heard were about TronLink which is the network's official wallet I think.

I only need the wallet to work well with my TRX and USDT. No other services. Thanks!

When I generate a Tron address on Trust Wallet will the wallet take care of the energy and bandwidth allocation for me?

Hi everyone,

I need a some advice about which Tron wallet you would recommend for mobile phones? What have you personally used that you can say works well?
I have read that some wallets just dont work well and people have problems sending their coins out. Transactions are failing from time to time or users lose their tokens completely.

What should I use?

I apologize for not coming back sooner. Thank you for everything you proposed. Too bad that it is not good enough. I will check what wallets and options are available by asking in the altcoin section. Thank you for trying to help. 

Thanks everyone who is trying to help.

From the wallets you people mention I think I will try Blue Wallet. I have heard of Mycelium but never of Schildbach. That answers my question about bitcoin wallets.

For the tron and tether wallets. Unstoppable Wallet and atomicdex.io were mentioned. I have never used these. Sorry o_e_l_e_o. I would also not use tether if I dont have to. What can I do when people keep turning down my offers to use bitcoin? I will have no one to trade with unless I do what others do. Using Unstoppable Wallet or atomicdex.io for the swap seems ok. Anyone with some experience with these exchanges and wallets that can comment how good they work?
 

Bear with me please. I dont post much but I am a lurker who comes by from time to time. I have noticed that this is a place in the forum where people get the help they need.

I have 3 questions for you.

1. I have some bitcoin which I am planning to sell soon. I prefer real meetups and peer to peer deals. For that I need a good mobile wallet that I can send my coins to that I am about to sell. I have heard only good comments about Electrum but the Desktop version. The Mobile app lacks in the features department. What is a good Android phone wallet I can use for bitcoin? Trusted, non custodial, supports PIN or passwords to unlock, and no bugs.

2. My second question is not about bitcoin. For some reason people like tether where I live. It can be difficult to find a bitcoin trader. They prefer you convert your coins to tether and send them that instead of bitcoin. My guess is they fear volatility? I dont like it but I have to adapt. Can someone also suggest a good mobile and Android wallet that works with Tether and Tron? Same options like with the bitcoin one please.

3. The only DEX I have read about is BISQ. I know nothing about it except that some consider it too difficult and overcomplex to use. Is there something else where I could convert my bitcoin to tether if I need tether? Only good DEXs please. I have had accounts being locked for months on popular exchanges and I dont want that again. Even if I want to trade live with people maybe it is not a bad idea to be able to withdraw USD or EUR from a DEX if possible to my own bank account. Do they work like that?

That is all I have for you. I am hopeful people here are experienced enough to help.   

I want to thank everyone for their recommendations and thoughts. I still have not made up my mind but will do it soon. I like the fact that Mastering Bitcoin is a freely available resource. Is there anything else of a similar reputation available for free?