Zeitcoin volume of all transactions last 24 hours was 75 USD. What a joke.
I'm guessing it's a grand total of one user that use this coin. I guess that is you.

Why do you even post in this forum, it's a discussion about Bitcoin and lightning. Nobody cares about your shitcoin.

Lightning transactions are instant, you can do more transactions per second in one channel than most other blockchain can handle in total.



The Internet is much more complicated, but see, you are using it! A car engine is complicated, but one can still drive one right?! This is a bad argument, we are able to make user friendly wallets and software that will enable your grandmother to use lightning. In time.


Price to get a bitcoin transaction confirmed within 10 minutes cost a few cents yes, but you don't need to have it confirmed quickly when you create channels in the background. Segwit and batching transactions has also shown that bitcoin will overcome bottlenecks.


This is just some weird conspiracy theories. Not even going to comment on this.

It works quite well. I have used it myself on my site: https://www.lightningslotmachine.com/, if you click on one of the "buy spins" buttons you can see how it looks like.

I have only set up bitcoin lightning payments, but you can also accept on-chain payments of course.

You don't need anything more than the stuff listed there. No extra fan or anything like that. Even a Raspberry Pi case is optional. Don't think it will overheat. I've had it running 24/7 for a couple of weeks now. Been working just fine.

This has just been released for ZCoin

https://zcoin.io/plus-plus-privacy-zcoin-integrates-dandelion/

I used this tutorial to setup bitcoin + lightning

https://github.com/Stadicus/guides/blob/master/raspibolt/README.md

Very easy to follow.

It's actually quite clever game theory, you don't need to be honest, but if you try to cheat you will lose money.
So it's in your best interest to be honest.

I would also recommend that instead of running a bitcoin node on your desktop computer, you set up a dedicated server to do it.
It can be something as simple and cheap as a raspberry pi

Here is a great tutorial

https://github.com/Stadicus/guides/tree/master/raspibolt

The problem with running bitcoin core (and lightning especially) on your desktop is that it's not online 24/7 and have a bunch of other stuff running at the same time.
There is also a security issue, better to have a securely setup Linux box dedicated for only bitcoin.

I recommend that you take it one step further and setup both bitcoin and lightning.

Start by running on the test net so you can play around with sending and receiving with no risk at all.

Here is a nice project in nodejs, it shows how to use all bitcoin and lightning commands via API calls and displaying the result in a nice interactive dashboard:

https://github.com/altangent/lnd-explorer

Here is an example of how it looks like:

https://demo1.lndexplorer.com/

A lot of third party sites keep your private keys and charge you fees. I would recommend that you set up a virtual machine with btcPayServer yourself.
Check it out here:

https://github.com/btcpayserver/btcpayserver

Its open source, it's free, you hold your own private keys (can use a hardware wallet and just set the xpub exported from trezor for example).
It also support the lightning network.

You can deploy it on azure with just one click here:

https://github.com/btcpayserver/btcpayserver-doc/blob/master/AzureDeployment.md

Don't let anyone else handle your payments or private keys!

Yeah, this is an issue now, but it this will likely become less and less of a problem as more channels with higher capacity are added to the network. In my experience lnd works better the smaller the transaction is. For sending extremely small transactions it works great.

I believe there is also plans for splitting transactions and sending several small transactions through different routes at the same time.

Yeah, that is some good analogies you make there. Same as with exchanges, most users use coinbase and other online wallet/exchanges to store and use their bitcoin. How many actually download bitcoin core and run a full node? A very small percentage I think. On your phone you can't really run a full node either, has anyone a full bitcoin client with 200 GB of blocks stored on their android phone? no. But do people say bitcoin is centralized because of this? of course not.

Even with most users using a "light wallet", the network itself will be decentralized and yes, maybe we will have a thousand "big" nodes that have much more channels and much higher balance than the average users, but it will still be extremely decentralized.

I find all this talk about centralization very strange, if you actually run a lightning node you'll quickly end up with 5-50 payment channels. Both incoming and outgoing. I've had a node running for a couple of weeks and already have 25 payment channels, most of them created by others connecting to me. This is extremely decentralized. Look at the network topology and how it's evolving, most nodes has a lot of channels in both directions and it's growing rapidly.

If anyone want to test lightning I have made a simple gambling game for anyone interested, https://www.lightningslotmachine.com/

I have already processed over 500 transactions. All instant using lightning. You can both pay and cash out at any time. In my experience lnd works great.

I disagree with this. For a week now I have had this site running https://www.lightningslotmachine.com/, I have already paid out 200 transactions using lightning and received even more.
All transactions has been instant, many with no fees at all.

Still very new and still in beta, lightning already works quite well as a instant payment system with virtually no fees.

Has anyone done the math to see when we will hit a 1 million active channels with the current rate of progress?

I have been looking at provably fair, and would love to implement it, but I have not done that yet.
It's not that easy with slot machines, as with for example a roll of dice or roulette.

The casino edge is 3-5%, but I guess you just have to trust me on that.

Hi everybody

I have just created and launched my first lnd app. It's a simple slot machine gambling game.
You can find it here:

https://www.lightningslotmachine.com/

You can pay using bitcoin lightning. You can instantly cash out your funds using lightning.

Try some spins! If you have any questions or some feedback please let me know