Oddbean new post about login | logout Yup. All of this just basically cost me the entirety of my savings if I can't transact. Not friggin useful at all.
On the other hand you have to do really silly things to loose everything. Self custody is hard, scary and intimidating. What if you have 10btc ot 100. How are you not scared about doing a mistake. There are plenty of threats to your keys. From government and other thugs to hacks, exploits and boat accidents. You will never have all of your coins in a hot wallet (lightning). If you're not willing to take that risk, that's ok. Use custody wallets with change money.
I'm never going to be a whole-coiner. I'm very late to this. But this level of complexity is just not cool. At least not for an idiot like me.
I agree. And it's never been an easy task to secure your money. That's the reason why banks are on the market. Just saying.
Also we are still early. The tech and UC improves with every day. Have some hope.
*UX
bitcoin is for saving lightning is for spending ecash maybe it is good for spending and tipping there has been some strange spikes in bitcoin fee rates lately that have impacted my own movements that i'd have less struggle with were i in a time preference state but at the same time, i think it's probably helped me spy out some high level things i can do that have a broad effect down in the pit of the real viewpoints can change quickly just with even one little new data point available when it seems dark where you are at the moment, sometimes that's just because you are under a particularly unusual combination of elements around you... like shadow over top, colour around you dark, and many confusing mirrors in this dark space that you see more things in than you would if the shadow above was less and the brightness of the light was greater and the things around you had better radiosity instead of reflectivity my advice is go for a walk and let God goad you
That's good advice that I will not be taking. Thank you, though.
Never say never to becoming a whole coiner.
I do. There's only one very small possibility for that happening and it's so far-fetched that is nigh on zero probability.
Btw. do you see how hard it is for someone inexperienced or incapable of to do things other see "easy to self custody"? Growing food, shoot, eat right, health ...
I can only do one of those moderately well.
I'm a classic antient men. I do everything. Usually wrong 😂
Did your node crash with funds on it? I agree Lightning is not easy to use. Most ppl don’t have the time to learn how to manage the channels. It was advertised in the early days as free and instant txns but now we know that’s not really how it works. It can be free, but not always.
No. I don't and won't mess with my own lightning node. I just can't stand how convoluted all this is.
Yeah. None of it is user friendly at this stage. Just have to remember, 100+ years ago ppl were plugging their washing machines into light sockets bc that’s the only place the electricity was. Tools will get better with time.