SN Fedimint Federation?
1476 sats \ 40 comments \ @siggy47 24 Oct meta
I was reading this post #737731 by @teemupleb and thought that a trusted guardian stacker, well known to the community, could start a federation for those stackers who want to detach their wallets but can't find a good solution?
What do stackers think? Is there a need? Would it make sense? Is it already in the works?
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60 sats \ 0 replies \ @DarthCoin 23h
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1080 sats \ 14 replies \ @DarthCoin 24 Oct
Fedimints are complicated and not necessary in this case. Here I wrote more simple "uncle Jim" scenarios:
A simple LNbits is more than enough and simple to manage.

Steps to do it:

  1. Take any PC with a Linux OS
  2. Install LND in neutrino mode or phoenixd. There's no need for heavy bitcoin core and you have enough privacy.
  3. install Lnbits and connect it to that LN node
  4. Optional install Alby Hub
  5. Optional install Thunderhub for managing better the channels
  6. Create lndhub accounts with that LNbits / Alby
Done, You are a LN bank now. All this scenario take 30 min to install.
IMHO, cowboy credits are just fine for SN.
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182 sats \ 13 replies \ @siggy47 OP 22h
I was dozing off last night and barely remembered I posted it when I woke up this morning! I read your uncle Jim guide a while ago and this was the first thing I thought of when SN announced they were going self custodial. The reason I started thinking fedi was really all the reasons you have been talking about, like with @Undisciplined yesterday. @justin_shocknet hasn't chimed in for a while. I was sort of hoping he would come up with a good simple UI that would onboard everyone. Maybe if he posts a guide? I guess there is still too much work to be done.
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1074 sats \ 10 replies \ @DarthCoin 22h
IMHO, LightningPub is a a wonderful solution. I was playing around with it a bit. Still needs more improvements and fixes, is still early for massive use. But that doesn't mean knowledgeable bitcoiners should not try it and communicate with Justin all the issues and improve it.
hasn't chimed in for a while
I know he's busy coding and usually devs do not have time to spend on SN. That's why they have me :) as the interface to talk and support the users.
Maybe if he posts a guide?
You already have it here: https://docs.shock.network/ But needs some more "love" adding more details. I was thinking to update it, but I also need to study more LN.pub and Shock wallet to be able to have a clear view of how is going.
Maybe I will write a full Darth guide about Shockwallet for newbies. IDK when.
nevertheless, even using solutions like LNBits, Alby, LN pub etc, we still do not solve the friction problem, using an external wallet with SN.
I stand my ground: keep cowboy credits for upvotes and zaps (sats) as extra separate appreciation for OP.
For example right now I zap you 100 sats. So SN is intercepting that zap and create a LN invoice of 70 sats from your node and pay it. All this could be avoided, fees, friction, liquidity etc that is created for nothing if the zap is truly p2p separately from SN. People will find out soon that Darth is always right.
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0 sats \ 9 replies \ @siggy47 OP 22h
nevertheless, even using solutions like LNBits, Alby, LN pub etc, we still do not solve the friction problem, using an external wallet with SN
Yes, that's my point. I know how you feel about cc's, but I think the consensus is that SN loses something without real bitcoin. Even fedi isn't a perfect substitute.
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43 sats \ 8 replies \ @DarthCoin 22h
Is not about my "feelings" towards CCs. is more about a lot of experience running LN nodes and experimenting with a lot of stuff... I am not talking just for talking.
You will see many posts after 5th Nov... with people not understanding what is going on and where are their sats. A lot of chaos I foresee.
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0 sats \ 7 replies \ @siggy47 OP 22h
I meant your opinion, not your emotions.😀 IMO there is no substitute for real bitcoin for incentivizing quality content. Cowboy credits will work, and they will be easier, but then what distinguishes SN from reddit? Didn't they even start their own Shitcoin?
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64 sats \ 6 replies \ @DarthCoin 22h
what distinguishes SN from reddit?
  • The option to send sats separately with 1 click, directly P2P not through SN. That way who is zapping will think twice when, how much and to who.
  • SN could create a wonderful game with CCs, a gamification inside SN and using these CC ONLY for up/down voting posts. Is not a big deal. Not everything in this world should be done only with sats. And LN is not ready for that yet.
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21 sats \ 5 replies \ @siggy47 OP 21h
Can you explain
The option to send sats separately with 1 click, directly P2P not through SN.
I'm having trouble visualizing what you mean here.
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164 sats \ 1 reply \ @justin_shocknet 20h
Yo, sorry been swamped and traveling again this week.
I don't have many nice things to say about anything claiming its federated, can probably dig my history on the subject here... but I do have a better UX for stacker with Lightning.Pub.
It requires SN to implement the new NIPs for it. It's very light lift to add, but I know the SN team juggles a lot of priorities too. I've kicked in a bounty to help grease things a bit.
Idea is that you just enter a Lightning address into SN then hit approve in your wallet.
https://private-user-images.githubusercontent.com/34176400/374650532-528cacfc-d250-43de-976c-43354834abfe.mp4?jwt=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.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.Ahan3qdqqb6r83ng8-eJsoJLiXwYNAH33GctfCuW-Hs
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0 sats \ 0 replies \ @siggy47 OP 19h
Thanks for the info
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186 sats \ 0 replies \ @DarthCoin 24 Oct
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88 sats \ 10 replies \ @grayruby 24 Oct
I would join just for the sake of joining.
Congrats Siggy, you are the trusted stacker, and just gave yourself a new project.
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84 sats \ 2 replies \ @cryotosensei 24 Oct
Make @siggy47 President!
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54 sats \ 1 reply \ @Bell_curve 24 Oct
dictator!
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41 sats \ 0 replies \ @cryotosensei 24 Oct
Shut up! Or I campaign for you to be Vice President
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40 sats \ 0 replies \ @siggy47 OP 22h
I posted this while half dozing off last night. I woke up this morning thinking "did I post something before I fell asleep?"
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40 sats \ 5 replies \ @Coinsreporter 24 Oct
Are you asking him to start a fedi?
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41 sats \ 4 replies \ @grayruby 24 Oct
Well, he did suggest it. I would join.
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30 sats \ 3 replies \ @Coinsreporter 24 Oct
I'll also join if either of you or he does it.
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50 sats \ 2 replies \ @Bell_curve 24 Oct
let's call the federation Coin Join lol
Siggy is a lawyer, we can trust him lol, as long as we know where his pets live
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30 sats \ 0 replies \ @siggy47 OP 22h
Siggy is a lawyer, we can trust him
Has never been spoken about anyone, ever
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20 sats \ 0 replies \ @Bell_curve 24 Oct
or JoinUS
join us not USA
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54 sats \ 0 replies \ @BitcoinAbhi 5h
I like the idea. I will join.
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64 sats \ 1 reply \ @Sahkaan_Wahlook 20h
I nominate @Sahkaan_Wahlook. Can I get a second? Downzap for yes.
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21 sats \ 0 replies \ @siggy47 OP 19h
Who better?
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43 sats \ 0 replies \ @alex_lewin 23h
The Fedimint Web SDK could be super helpful for this!!! We could have a client-managed fedimint wallet load directly inside the browser!
https://web.fedimint.org
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43 sats \ 0 replies \ @DesertDave 23h
Seems logical. Like isn't this the type of application fedi is for?
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43 sats \ 0 replies \ @Rothbardian_fanatic 24 Oct
This is still not first party. The problem is when people expire or loose keys for fed wallets. Those bitcoin are lost, permanently! Not your keys, not your coins!
Better yet, something to teach people how to make cold wallets or paper wallets. Your keys, your coins!
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43 sats \ 0 replies \ @didiplaywell 24 Oct
I think it's a great idea!
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43 sats \ 0 replies \ @Bell_curve 24 Oct
cowboy credits are similar to e cash?
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43 sats \ 0 replies \ @Coinsreporter 24 Oct
Please do it. I'll also join. You'll be the best guardian stacker.
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43 sats \ 0 replies \ @Bell_curve 24 Oct
Yes!
I would join SN federation/fedimint
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43 sats \ 0 replies \ @nym 24 Oct
Is there a good, comprehensive guide to creating one?
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0 sats \ 0 replies \ @siggy47 OP 22h
I can't help thinking of the old Groucho Marx line: "I wouldn't join any club that would have me as a member."
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