Oddbean new post about | logout
 That's dumb, so you have to pay to use it?  
 no you don't if you manage your own channels. See AlbyHub 
 No I mean to use Alby account custodially  
 Yes Indeedy - lets outline the cases where you start as a lightning n00b and need a nice path to becoming fully self sovereign: 
Starting point - Custodial Wallet - once you are ready to wean yourself off of this you can go to step #1 below:

Self Sovereign Step #1  - Wallet in the Cloud - AlbyHub -  it is free. I've been using it for a while in beta. Its not perfectly sovereign but its a good stepping stone to go from custodial to learning channel management to running your own self sovereign node. It is by far the least steep learning hill to transition away from custodial.  


Self Sovereign Step #2 - more 3L33T
if you want to run a super light lightning node, set it and forget with some tech skills required -  there is this option here with LNBits + phoenixd but you'll still have to put up your own capital in bitcoin and spend about $5/mo on VPS, you need 24/7 uptime, this isn't gonna work with unstable internet. https://github.com/bitkarrot/lnbits-phoenixd/
Another option is to use Voltage but the price can be a bit steeper for serious usage as it jumps quickly from free to $25/month tier. the plus is you don't have to manage all the upgrades but you still need to have tech knowledge to run it


Self Sovereign Step #3 - Super 3L33T
Run your full self sovereign lightning node, e.g. CLN, LND, Eclair on your own hardware, using your own self sovereign internet satlink or whatever plus your own bitcoin capital and self manage it. This is a tall order for most 99% of plebs unless you're a tech junky, and even as a dev its time consuming and steep hill learn, less so to run after you have learned.  pricing and setup may vary. 
 its free to use AlbyHub. You just have to manage the channels and its not that hard. you keep your own seed words, they run the cloud stuff for you 
 You and I don't mind doing that but the majority of people won't do this. 
 Alby is at least trying. When I interviewed Kwinten in Fall 2023 and he told me about the AlbyHub plan, I felt it was a great idea, at least one company is not running away or bending the knee to KYC.

No other company is trying something, they're just giving up. 

Now That's just defeatist. 
 Alby Hub is a post-facto of Lightning.Pub 
 Never heard of your project until now. A brief look seems awesome. We need more solutions like yours and Alby so we aren't shoehorned into just one solution. Thank you for bringing this to my attention. 
 This is a nice implementation but the problem is that it only works with LND. 
 
 It's modular so an adapter wouldn't be too hard, would accept a PR 
 You are welcome to demo your project over at the plebnet.dev discord, perhaps someone there might be interested in contributing to your project. Just hop in and ask a mod to create an event. 
 Right. It's commendable that they're still trying to come up with sustainable solutions. 
 If you pay them by credit or debit card, or bank transaction they will KYC you anyway. 
 oh you thought this was free, nigga?  
 Eh. It's not dumb. It's unfortunate. Running a Lightning node costs money. Opening and closing channels isn't free.  
 Yeah, they seen to just be on a downward trend for a while, I like the Alby team, but this seems like a bad decision for them as a company and Nostr, why not just increase fees on transactions if they aren't making enough.  
 It’s a business though right? I mean how else are they going to provide all those channels, unless you get an ad every time you’re zapped…

If it’s done as a reasonable percentage I’m cool with that, if it’s a flat fee that would put me off.

How do they currently pay people? 
 
nostr:nevent1qqspwqxmea38yexs884laqwsfxh5up9f0lawtn8duwq460he6esjjzcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygrheet038gj9rml7d6recddrvj5s4aeqzzkgun7h4dp7vtnvtmv5upsgqqqqqqsq8wka4 
 One can easily set up a decent node under 250 USD. Its not that much.  
 i don't consider it overly expensive. i don't consider it overly hard. i would never expect anyone in my extended family or anyone i know IRL to ever do this though. we gotta think of the other 99% of the world when it comes to freedom technology. i realize that freedom isn't free or easy, but that doesn't mean that we can't build to target more of the people that need it the most either. 
 What exactly won't be free? The Custodial part right? So no free account or LN addresses?  
 https://image.nostr.build/40085d20fdd26e821b6d510840f1060f8251d7d4d244c472e249783797b1fb7b.jpg 
 Oh, I thought that they were just revoking everyone's lightning addresses. My bad.  
 Still not good for newbies though, most people don't know how to run a node. And most newbies won't want a subscription either.  
 https://media1.tenor.com/m/0dkWirtg3OkAAAAC/ike-turner.gif 
 I'm sorry, but that's my opinion. I love the Alby team but this doesn't sound like a smart move.  
 How would you propose they make money? They’ve been burning money providing services for free for us for years. 
 True, but they do make big money from all the fees when you send payments.  
 They don’t add on any extra fees when sending payments afaik 
 I think they do, if they didn't I don't know how they would still be running.  
 Nope. Just sent a payment from Alby to Blink and there were 0 fees. They have probably been running from money they’ve raised. 
 I've sent payments and it takes like 100s of sats. I don't think there's any way that those are network fees or that they wouldn't be charging fees, they are to big to have been running for free for that long and so many users even with grants.  
 Routing fees can definitely be that much. It’s only 0 when they have a direct channel. I checked Blink because I assumed they have a direct channel with Blink. Companies can raise millions of dollars and they don’t have to tell everyone about it. 
 That's true, just don't see how that would make sense is all, I'd be much happier for them to take a small fee each time I make a payment then have to worry about a subscription.  
 According to Crunchbase they raised $2,725,000 in Jan 2024

https://www.crunchbase.com/organization/alby-a3a3 
 Wow, that's a lot.  
 Not really. Developers are expensive. Strike’s last funding round was $80 million. 
 Lawyer too lol 
 Oh man. We could have asked for a larger booth donation nostr:nprofile1qqstsw3gkljwt5stm9svt7htvcjlj4ffze4chkcyt4pxxj30xkgeg5qpzamhxue69uhhyetvv9ujumn0wd68ytnzv9hxgtcpr3mhxue69uhkummnw3ezumt4w35ku7thv9kxcet59e3k7mgpz3mhxue69uhhyetvv9ujuerpd46hxtnfdux3wqdz 🤣🤣🤣 
 Rugged by @TomekK 😂 
 It's okay. He bought me a beer and Bar 7. All is forgiven 🤣 
 no, but you will upgrade to a self-sovereign option where you have full control. 
You can run it for free or use the cloud option which offers a paid service with benefits to make things easy.