How often do you use the LN for purchasing? \ stacker news ~bitcoin

pull down to refresh

How often do you use the LN for purchasing?

233 sats \ 27 comments \ @iguano 30 Jul 2022 bitcoin

What kind of purchases do you do?

Never24.1%

once a year24.1%

once a month17.2%

once a week13.8%

once a day20.7%

29 votes \ poll ended

view all related items

1262 sats \ 1 reply \ @F 30 Jul 2022

Nice try, IRS

3 sats \ 0 replies \ @iguano OP 30 Jul 2022

damn it.

232 sats \ 4 replies \ @DarthCoin 30 Jul 2022

I live only using BTC. So my answer will be: whenever I need to pay a small amount (bellow 1M sats) I will use LN. Larger amounts - onchain or using MPP or split payments on LN. Is not about that LN is not capable to do a larger payment, it is, but nowadays are few routing nodes that will have a decent fee and enough liquidity and good peers to forward my payment.

So I will strongly suggest to new LN users to not try larger amounts, your payment will fail or will have a higher fee than onchain. We still have greedy LN operators.

26 sats \ 2 replies \ @iguano OP 30 Jul 2022

I know this is not a polite question… But do you live only with bitcoin because you get paid with bitcoin on the work you do or you are able to live with the bitcoin you purchased years ago ?

61 sats \ 1 reply \ @DarthCoin 30 Jul 2022

I don't mind to answer this kind of question. I live only using BTC because:

I want to ... FUCK THE BANKS AND GOVS
I start stacking in 2012
I start earning BTC (work for BTC / be paid in BTC) from 2017 - this is the BEST way to get BTC !
in 2020 I decided to retire and not working anymore, just writing bitcoin guides and help noobs, so yes, practically I am retired on BTC.

Anybody that could have the option to be paid in BTC: DO IT!

10 sats \ 0 replies \ @iguano OP 30 Jul 2022

“ Anybody that could have the option to be paid in BTC: DO IT! “

That’s the plan :)

0 sats \ 0 replies \ @Brunswick 30 Jul 2022

❤

110 sats \ 2 replies \ @TheBTCManual 31 Jul 2022

What is spending? LN is only for collecting cheap sats and once it's a big enough UTXO close that to the main chain and get back to stacking

0 sats \ 1 reply \ @iguano OP 31 Jul 2022

That’s a nice way of using it :)

0 sats \ 0 replies \ @TheBTCManual 1 Aug 2022

I've been recommending it to my new stacker friends who I want to get off exchanges, when they see they can buy $1 worth of bitcoin they feel its de-risked and then I say get to your 1 million sats and then lock it in your "vauld" and try and gamify it for them, works for some

11 sats \ 1 reply \ @kilianbuhn 30 Jul 2022

This really shows how early we still are!

1 sat \ 0 replies \ @DarthCoin 30 Jul 2022

indeed

2 sats \ 11 replies \ @kale 30 Jul 2022 freebie

i used Lightning every day since last week. i try every lightning services just for fun. Very good experience with websites accepting lightning