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0 sats \ 7 replies \ @itsrealfake 21h \ parent \ on: Phoenix Wallet - Swap In lightning
the language of "swap" doesn't make sense to me... there's probably a glossary somewhere?
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33 sats \ 5 replies \ @DarthCoin 21h
swap = when you exchange the same item but on different levels or use cases. In this case, move sats from a LN channel into an onchain address.
Glossary Resources:
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0 sats \ 4 replies \ @itsrealfake 21h
interestingly, "swap" isn't present in any of those glossaries.
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0 sats \ 3 replies \ @DarthCoin 21h
Seems that you are new to Bitcoin...
Because many of those glossaries were written before LN existence... Until LN come out, we didn't have to do any "swap".
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0 sats \ 2 replies \ @itsrealfake 21h
I'm not terribly new to bitcoin... but I ignored a lot of information that seemed like shitcoiner noise. and the shitcoiners were always talking about swapping this or that.
peg-in/peg-out... swap... splice... all these are LN terminology that I haven't internalized the meanings for.
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0 sats \ 1 reply \ @DarthCoin 21h
yeah, the terminology have a lot of influence from wall street jargon too. How would you name the operation to move sats from a LN channel into onchain or vice-versa?
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0 sats \ 0 replies \ @itsrealfake 20h
channel shrinking channel expanding
I don't know... I guess the finance bros already figured out a lot of the terminology but I've never had that much direct exposure to finance lingo.
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0 sats \ 0 replies \ @nichro 17h
I do think the "swap" word makes it confusing when first engaging with LN or Liquid. Always took a moment on Robosats when id see swapin or swap out, figuring out which one means going to LN and vice versa.
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