520 sats \ 3 replies \ @DarthCoin 16 Feb \ parent \ on: Is Self Custodial Bitcoin Possible Outside of the Main Chain? bitcoin
onchain = only for long term holding and opening/closing channels
Lightning = only for spending, short term, small amounts.
I will repeat this over and over: use the 3 levels stash - hold (onchain vaults), cache (coin control), spending (LN)
Please read all these guides:
- https://darthcoin.substack.com/p/bitcoin-be-your-own-bank-think-like
- https://darthcoin.substack.com/p/stacking-sats-noob-journey
- https://darthcoin.substack.com/p/lightning-wallets-comparison
- https://darthcoin.substack.com/p/private-lightning-nodes
I appreciate that. For me, you are preaching to the choir. But, I can't sell this idea to easily normies.
Maybe tech can be developed to make this easier, but for now I don't think it's there.
Maybe someone could then say that maybe Bitcoin is not for such a person who can't embrace these ideas. I'm open to that, but then it's a reality to accept about Bitcoin.
But, even with that, say that I'm in Africa and I want to help someone very poor hodl Bitcoin and BTC fees go to the moon. Can I really be helpful advising them to get a very small utxo that may never be able to be spent in the future?
Is there no solution possible for that person?
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Is there no solution possible for that person?
As I said, I write guides for all kind of scenarios, testing a lot of bitcoin solutions.
Did you read them?
- https://darthcoin.substack.com/p/bitcoin-adoption-using-ecash
- https://darthcoin.substack.com/p/stacking-sats-noob-journey
- https://darthcoin.substack.com/p/bitcoin-private-banks-over-lightning
- https://darthcoin.substack.com/p/getting-started-ln
- and many more...
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