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15 sats \ 0 replies \ @blockdyor 29 Dec 2024 \ on: SN Saturday Newsletter 12/28/24 meta
Look, Mum. I made it!
Thank you for suggesting your service. Returning to the main topic, you mentioned that every exchange supporting BTC purchases with EUR or other fiat requires a level of trust, which is true. P2P solutions reduce this trust to a coordinator, like Robosats, or an escrow system, as seen with Hodl Hodl. However, I’ve encountered numerous attempt of scams in P2P setups, where malicious actors try to get you to release funds before escrow confirmation or other types of disputes. This shows the inherent risk in P2P trading—you can never be entirely sure who you’re dealing with.
Fiat-to-BTC transfers aren’t as straightforward and trustless as the submarine atomic swaps of your service; they rely on banks as intermediaries. What stands out about @massmux ’s service is its integration of APIs from well-known platforms like Pocket Bitcoin, Azteco, and others. But the biggest advantage here is the simplicity: you just launch the bot, and it presents the most suitable solution for your needs at that moment.
Tbh it’s a completely different experience compared to using a centralized exchange like Coinbase or Kraken, where you’re required to provide a passport, proof of address, tax returns, and even undergo intrusive practices like video verification (vKYC). These processes often need to be repeated every few months, making them incredibly frustrating and invasive. With Bitcoin Voucher Bot, I’ve never been asked for any personal information, as it operates on a no-KYC or light-KYC basis, ensuring a much more private and hassle-free experience.
Having tested various exchange methods over the years, I see Bitcoin Voucher Bot as more of an aggregator for fiat onramps, swaps, vouchers, and similar services. While the fees are generally higher, I believe the convenience and efficiency justify the cost.
Two days ago I closed a channel of my lnd node using the lightning terminal. They have a very odd fee estimator with a slider that doesn’t show the fee right away so I ended up closing a channel with a fee of 2 sats/vb. Obviously it would have take days to close so I tried to bump the fee while closing this channel using thunderhub, but my Bitcoin Knots had RBF disabled by default. So, I ended up spending $60 on the Mempool accelerator to speed things up. It worked, but it was a bit nerve-wracking. After the channel closing transaction was accelerated and mined, however I couldn’t see any funds in the onchain wallet and the “change” part of the transaction didn’t even confirm right away. It looked like it had somehow taken my RBF command from thunderhub, which was odd. I had to wait for additional confirmations to finally see the funds appear in my on-chain wallet.
I’m working on some guides for the website and still experimenting with the Lightning Network, so I probably need to be more cautious, otherwise I’m going to burn through a lot of money figuring this lol
The service isn’t widely known but has been active for several years. If anything goes wrong, you know who to reach out to: @massmux. He’s a well-known figure in the space, runs multiple companies, and is a regular at conferences. Just to clarify, when I mentioned “sell Bitcoin,” I wasn’t specific enough. The service doesn’t allow selling Bitcoin for fiat (which would require operating as a licensed centralized exchange or a P2P platform). Instead, it let’s you do swaps between Bitcoin, Lightning, Liquid, and similar solutions.
It’s non-custodial because the Bitcoin you buy is sent directly to the on-chain or Lightning wallet you type in the bot. While it’s centralized, meaning you can’t send Bitcoin to other users through the service, the bot is ideal for those who prefer a hassle-free experience without dealing with P2P transactions. It’s an all-in-one app that continually integrates the best solutions for buying (and even selling) Bitcoin with an high level of privacy. There are several options available within the app.
I have been continuing what I started in the end of 2022: making content for https://blockdyor.com/. This year I tested Bitcoin miners, wallets, exchanges & much more. Next year I’m planning on doing the same, but more focused on the lightning network.
We’ve put a few home miners to the test, including the Avalon Nano 3 and the Antminer S9i, testing their performance, energy efficiency, and overall profitability. Link: https://blockdyor.com/canaan-avalon-nano-3-review/
The heat buildup with the stock PSU can be a bit concerning, but I never had any problem with it. I’ve heard a Dell 165W laptop adapter or other 140W USB-C chargers should work as alternatives, but never tried them. I haven't seen the stock PSU in the official store, you probably have to send an email to canaan.
Really loved this. Thanks @davidw!
PES was great too. Especially PES 5. When playing soccer was about skills and not “luck”. Nowadays I just play Rocket League, I love having complete control of the car. True Proof of Work!