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RE: How To Buy My Drum & Bass Music With HIVE or HBD via V4Vapp

in #music2 years ago (edited)

Fantastic idea Nicky. Having dabbled a little in music production, and even DnB using Cubase back in the day, I know how much time, effort and artistry goes into creating great electronic music.

You deserve to make a living off it mate, and I hope that the store takes off and who knows, when the crypto revolution comes 😂 maybe you'll be among one of the first and most famous liquid DnB BTC superstars 🤞

All jokes aside, I rate your music very highly m8 🙂


Does the V4Vapp allow for direct swaps of Hive or HBD into BTC to be stored on a lightning network wallet? Like if I downloaded a lightning network wallet could I cash out some of my hive to BTC using the V4Vapp?P.s. I wanted to ask @brianoflondon a quick question.

Sry if this is a dumb question, or if it has been answered before, I'm a bit slow on the uptake with development stuff on hive as I stopped keeping up with it a while ago to focus on my writing. If there is a post that explains what I'm asking please do drop it and I'll figure it out myself 😉

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Thanks a lot for the kind words Rowan! One step at a time haha, who knows where this might lead but now it's all set-up in case people do want to support the music!

Would love to be able to live off it all, just have to keep grinding out tunes and mixes and give people the option to sponsor if they wish!

Does the V4Vapp allow for direct swaps of Hive or HBD into BTC to be stored on a lightning network wallet? Like if I downloaded a lightning network wallet could I cash out some of my hive to BTC using the V4Vapp?

Yes you can do this by any lightning wallet. I've done it with Muun (which is a self-custody one) but there's others like Blue, Wallet of Satoshi, Breez that you can do this with.

You generate a lightning invoice in the lightning wallet, copy and paste it in to the V4Vapp, I think the limit is up to 150k sats at the moment...

V4V.app is specifically for sending Hive/HBD and getting sats in a Wallet!

If you want to experiment on the desktop try using Alby: https://getalby.com/ as a browser plugin that lets you hold a few sats in a custodial wallet.

On mobile, Wallet of Satoshi is a really simple custodial solution.

The non-custodial solutions for sats are all a bit more complex and problematic for small sums and infrequent use.

I've used Muun wallet with the V4Vapp and not had a problem with it. Wallet of Satoshi works fine as well and even exchanges like CoinCorner that have lightning deposits/withdrawals can be used without an issue so far. It's only the 0 sat invoices that cause a problem I think...?

Muun (and Breez) both work but behind the scenes these two apps (I dislike the term wallet) are doing some very special stuff in order to make them largely non-custodial.

Whilst this is a great aim, I think it's largely overkill for $50 worth of sats moving in and out. There's no getting around the fact that running a ⚡️Lightning Node is a bit of a maintenance mess behind the scenes in terms of keeping liquidity and sats in the right places.

I have a direct channel to Wallet of Satoshi and Alby and this means that fees moving in and out of both their custodial solutions are zero or nearly zero.

Thanks for all the info Brian :-)

Yeah Alby is a good tipping app for sats as well, got that set up on our websites. I do have Wallet of Satoshi too so might start using that a bit more. I like that it allows LNURL, Muun doesn't offer that yet but I guess that's part of the complication of being a non-custodial lightning wallet.

I think WoS is a 0.15% fee if I remember from my calculations of using it last month which is next to nothing to send but I don't have a direct channel to it

Thanks for all the info Nicky :-)