Absolutely. And just so people understand, the current bull spike on BTC has driven fees through the roof.
BTC is essentially useless for daily transacting. I just had to open a 0.1 BTC channel to add funds to my Lightning node. This is costing me $35.
BUT with @vsc.network providing me a BTC back end on Hive, I'll be able to run a ultra low cost Lightning interface in and out so moving funds to things like Binance should be a doddle and far cheaper than whatever the BTC fees are by then.
The more I hang out with you lot, the more I get it. Just don’t quiz me yet! 😉
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lol youre only supposed to use lightening with exodus and cashapp! didnt you know thats the only way to make it work free and instant? to basically leave your coins in the hands of cashapp? or just use exodus that lets you own your keys, cashapp kinda can too its weird
but yeah those are the two ways to use lightening so leave some btc in exodus or cashapp if you hate these $35 fees that happened last week or so,
now its calmed down like $2 and you can set a custom fee on exodus very very nice so you can set down to around 60 sats per byte and wait
also cashapp groups txs and if you do at least 0.001 BTC like $35 you can have a FREE transaction that may take up to 24 hrs but usually is faster than the paid txs that cost $1 to $3 for standard or rush lol, but yeah cashapp is a good way to avoid fees, and exodus build in lightening BUT the ONLY REAL way to avoid fes are DPOS chains
if HIVE was on crypto.com thatd be it the cheapest way to fly BUT they just have EOS and wax, so YOU CAN actually use TRIBALDEX and MAKE a profitable trade to get WAXP, withdraw and take the 0.1% fee which the tribaldex swap will cover at these rates, and then send that waxp to crypto.com visa debit card
so hive to hive engine to SWAP.WAXP to withdraw WAXP to crypto.com waxp wallet and directly top up to visa debit card
and to buy i use cashapp at 711 deposit cash for $1 fee, 2% fee to buy btc, so you pay $103 CASH and get $100 you can withdraw like i said at $) FEE on cashapp, right to changenow.io where i can buy HIVE with BTC at a REALLY good rate almost instantly
Lightning in and out on Binance is very useful for me, but I'm not in the USA.
Yep. Heres what I wrote to some folks in relation to that.
"We are doing it for them". We are improving Bitcoin and the bitcoin ecosystem.
I think thats a good way to try and go about this outside Hive.
It will take some time, but I can see how I will be able to out-compete about $100m worth of investment in "Lightning Service Providers" because I will pretend to be a Lightning Service Provider but behind the scenes instead of running a zillion servers or virtual machines, one for each customer, I'll be able to have a single Hive account for each.
I can't quite explain it yet, but it will be epic and will make the Lightning network obsolete for the self custody side. The large centralised services will provide the infrastructure we will access and use.
Thats some mastermind level stuff. :)
If a combination of my work and @vaultec's work can pull this off, it will be quite something.
If you and HIVE could make the lightning network obsolete, it means that HIVE is the most powerful tool in the crypto world and you sir truly are a crypto genius
I dont think you are far off with that assesment.
Again a very good narrative. I like this one!