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)
https://i.postimg.cc/MTL2kvT0/3level-stash.jpg
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?
reply
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?
reply