What's the biggest myth in bitcoin? \ stacker news ~bitcoin

running a profitable routing node is like trading shitcoins: some will fuck others, winners and losers. Noobs will get into "routing" with the idea of making "passive income" (mostly shitcoiners) and big nodes, with good amount of capital and experience will just make money out of them.

DON'T TELL TO A NOOB THAT CAN RUN A NODE TO EARN MONEY! That is a myth!

https://i.postimg.cc/R0S3sN0y/routing-node-passive-income.png

10 sats \ 3 replies \ @w3irdrobot 14 Sep 2022

i'm not telling anyone to run a routing node. i don't, but i could. it takes time, patience, and alot of learning. and it's changing every day. it can be done, but a person new to lightning should definitely not expect to be able to run a profitable routing node.

10 sats \ 2 replies \ @DarthCoin 14 Sep 2022

Indeed, is not so hard to run a node, but a new user into this, will need a good amount of learning before starting.

As I tried to explain in these articles: https://darthcoin.substack.com/p/recommendations-for-ln-users https://darthcoin.substack.com/p/lightning-node-maintenance https://darthcoin.substack.com/p/lightning-routing-fees-experiment https://darthcoin.substack.com/p/node-liquidity-guide https://darthcoin.substack.com/p/what-bitcoin-ln-node-software-can https://darthcoin.substack.com/p/umbrel-btcln-node-shtf-scenario https://darthcoin.substack.com/p/umbrel-bitcoin-ln-node

1 sat \ 1 reply \ @w3irdrobot 14 Sep 2022

sure. i'm not disagreeing with that. just saying, my original comment was about whether it was possible or not, and it is. it's not the hardest thing in the world, but like most things, it takes work and education.

20 sats \ 0 replies \ @DarthCoin 14 Sep 2022

yep, you said the magic word... education. That most of noobs just ignore it and just want quick gainz... LN is not about gainz, the whole point of Bitcoin actually is not about gainz. Is about FUCK THE BANKS. LN was created because transacting onchain is too slow and fucking the banks were slow. So we've said: let's do it faster (fuck the banks) and hit them exactly where it hurts, in their balls (payment system). LN is a payment network and Bitcoin onchain is a settlement system. Once the noobs will understand that, is game changer.

0 sats \ 0 replies \ @scampy 14 Sep 2022

Do people even still believe in S2F?

Out of the list I'd probably vote for profitable lightning node. It can be done, but requires expertise that few have (similar to mining).