I agree with this, it should be removed. Bitcoin is not a beta software anymore. This is not 2009, 2010 or earlier when bitcoin was created.

No.

This topic was posted by Rath_
Click on his username to direct you to the main thread to read replies that were given merits. This is important.
To understand have the basic understanding about lightning network
I posted it here to fix the invalid images

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Note: This thread is self-moderated to prevent it from being derailed. Please, keep the discussion on Lightning implementations and your experience of running a node. Any related questions are welcome.

I have been running my current c-lightning node for over 4 months now so I would like to share some data with you. I would appreciate if other node operators could share their experience, thoughts and anything else like plugins, fee strategy, third-party software.

My node's URI is 0273da0a525390c36857841e208f1d289275c76ebfa7ecfde697c6cbf4f235b4f5@fjpmf23cd2c6sqp7e4wzexa6ixkttl3jabivldakwq733tw634ymjbid.onion:9735

My node has successfully routed 143 payments (until the 31st October) with ~0.09 BTC capacity and 5 active channels. Here's a breakdown of my earnings from payment routing into each month:

July: 539.54 sat/17 forwards



August: 114.64 sat/34 forwards



September: 161.75 sat/28 forwards



October: 75.56 sat/64 forwards



The largest payment I have ever routed was 960,320 satoshi and I got paid 77.825 satoshi for it. The highest fee I have ever charged was 91.476 satoshi for a 952,385 satoshi payment. 23 forwards were free of charge. As you can see, I made the highest profit in July. That's probably because I was adjusting my fee policy for each channel manually every few days unlike the other months - I adjusted my fee policy only at the beginning and at the end of each month. I haven't used any fee auto-adjusting plugins yet.

While it's true that earnings from my Lightning node do not cover the electricity cost of my server (which I also use for other projects anyway), I have already earned back the fees I paid to open my channels. Note that some of my channels were not opened by me which means that I did not have to pay anything for them. Also, I saved some money by opening more than one channel in a single transaction and opening dual-funded channels so that I would not have to worry about using paid third-party services to balance my channels.

You might be surprised by the number of failed forwards - 389 payments. Why are there so many of them? More than 95% of them failed at some further point in the route. It's difficult to tell how many of them were legitimate payments and not channel/route probing attempts. I used some website a couple of time to probe routes from/to my node and each time I would get another three failed payments.

This topic was posted by RapTarX
Click on his username to direct you to the main thread to read replies that were given merits. This is important.
To understand have the basic understanding about lightning network
I posted it here to fix the invalid image

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Introduction
Lightning Network or shortly LN is an emerging feature which can drastically change the picture of bitcoin adoption solving the problem of the higher fee for micro payments and slower confirmation issue. Although still it's not implemented in most of the wallets, we can expect it to be soon.

Table of Contents
1. What is Lightning Network?
2. How LN works?
  (i) Channel
  (ii) Route
3. A Real Life Explanation
4. Advantages of LN
5. Will it increase massive adoption?

1. What is Lightning Network?
Lightning Network is a feature which will allow you to transact bitcoin outside the Bitcoin Main Chain. It's a protocol on bitcoin blockchain. You will be able to send, receive bitcoin with lower fees, any amount(see the first reply from BitCryptex), faster than ever. It will basically help you to send & receive micro-payments.
Imagine, you have visited Alice's Coffee Shop, had a coffee for $2. Paying $2 with bitcoin is still possible but for $2, you may have to pay more fees sometimes, moreover, Alice will not agree to have confirmation of the transaction after 3/4 hours of your leaving the shop.

Two problems we see when you want to pay $2 for a coffee.
- You will not be happy to pay $1 fee for spending $2 worth of BTC.
- Alice will not accept BTC because it requires much time to get confirmed.

But, now with Lightning Network, you don't have to pay a huge fee for spending $2 worth of BTC, nor Alice will have to think about the slower transaction.

2. How LN works?
In Lightning Network, you have to create a channel with the other party. In the channel, you will be able to transact bitcoin frequently with low fee, faster and any amount.
Creating a channel means having an agreement with the other party. In other word, you and the other party will have a multisig wallet where you both will be able to transact bitcoin frequently. For your info, when you are entering into a channel, you have to pay a fee. It's same sending a transaction. After entering into the channel, whatever you transact, these log will not be updated into the blockchain. You you close the channel or leave from a channel, another transaction will be logged into the blockchain. In between entering a channel & closing a channel, all the transaction will be happened outside the bitcoin main chain and it's called settlement. Only your balance will be updated time to time but no main chain transaction will happen.

Two LN terms you must know-
(i) Channel- Channel are the place where all the Lightning Network transaction of you and your other party will be taken place and logged in. It allows you to send & receive transaction in the Lighting Network.
(ii) Route- This can be called as a bridge between you and Alice Coffee shop. Assume, you are visiting 10 shops daily and want to pay with Bitcoin Lightning Network. Creating 10 channels with 10 shops for paying them is a big hassle and costly, and imagine, how much channel shops have to create since they are handling a thousands of customers. With Route, you may create only one channel and have able to pay in all the shops.

3. A Real Life Explanation

Imagine, you visit 3 shops per week on average for purchasing your daily life stuffs; A, B, C

The shopkeeper accept Lightning Network payment. But, as like I mentioned above in Route, they certainly will not create thousands of channel. It will create more hassle for them. They will want to create channel with a Lightning Network Node where most of their customers have already created channels. This way, the Lightning Node will act as a bridge between the shopkeeper and the customer. The below picture may help you understand the process-

/center]

Bob= You
Route= Node with whom both you & the shop will create channel.

You or the other customers will create a channel with the Node, Shops will also create channel with the Node, that's how Node is creating bridge between customers and the shops.

Assume, you have created a channel and funded your address with 0.01 BTC. The initial funding will require transaction fee.
Now, you have purchased coffee 10 times from Alice's restaurant, you will be able to pay from 0.01 BTC, this will not require any transaction fee but your Lightning Node (I mean The Route/The Bridge) will charge a very low fee. Assume, each coffee is priced BTC 0.0003, you are paying 0.003 BTC.
Your balance is 0.007 (Will be low since you are paying a little fee). Now, you decided to close the channel for some reason. A transaction fee will be required.

Therefore, you are paying 2 transaction fee while you have transacted 12 times including the purchasing of coffee 10 times.

4. Advantages of LN
a. Easy Micro payments
b. Faster transaction, no confirmation needed.
c. Lower fees.

5. Will it increase massive adoption?
Till now, without Lightning Network, paying with bitcoin is very expensive sometimes when we compare paying $1/$2 for something. Also, with lower fee a transaction may stuck on the chain for a long time and get rejected after some times. Since Lightning Network is assuring instant transaction, very low fee transaction and easy micropayments, we can expect merchant will accept it more often than previous. More people will now feel comfortable paying with bitcoin for a lower amount. This is not guaranteed but a expectation since LN is reducing the resistance of bitcoin as a micro payment method.

Some more resources-
Website- https://lightning.network/
Whitepaper- https://lightning.network/lightning-network-paper.pdf
A topic by BitCryptex- https://bitcointalk.org/index.php?topic=5158920.0

Miscellaneous
1. I never used Lightning Network.
2. I am not a pro.
3. This guideline will act as very basic level of explanation for the beginners.

When I saw two of the topics, I made similar suggestion recently. You can see it on this link

Topics on reputation board should not have lock feature

It is called reputation, threads on the board should not have lock feature at all. Self-moderation also supposed not to be there as people said. It is about reputation and those features supposed to be removed.

Wasabi tried their best and even went towards the Chainanalysis which makes the wallet not to become reputable on this forum. But United States is trying to take down everything that is about privacy for bitcoin. At least the wallet will become reputable again on this forum on June first by not having conjoin.

I have tried buy bonus two times before and I lost both. What I noticed was that my losses was very fast. I have heard that it can increase the chance that I can win but it only increased the chance of me losing. I do not use it again. I prefer not to buy bonus but  be using the normal way to gamble. One thing a gambler needs to know is that they should not be greedy and lured into anything by gambling sites. Gambling sites will bring something alluring but they are always earning from people while people lose to them.

This is right but it will be good if more gambling sites can support lightning network. Bitcoin lightning payment is cheap and fast. I have wanted to use lightning network on many gambling sites but I was unable because only very few are supporting lightning network as of now. Altcoins are still what can be used for fast and cheap transactions. Some people will prefer stable coins as they are pegged to dollar price.

If you are using Linux, that is better. But if you are using Windows or macOS, they will invade your privacy just as much as Android. There are some phone OS that are open source which can also be used. People that wants privacy can use either phone or computer but they have to know what they are doing. VPN can also be installed on phones.

What I see as the worst of it is that the gambling sites have house edge in one way or the other. If you use bonus buy or playing without using bonus buy, it is most likely that your money is going to those gambling sites. Gambling is just for fun and not should be seen as a way to make money. If a gambler is having money that he can afford to lose for bonus buy, he can go for it. I am not using bonus buy and I gamble just with little amount of money.

Some people will not make enough findings before using a gambling site. If the OP has research about 1xbit just in this forum alone, he will see their official accounts and representatives tagged red. He will also see any person that participate in the campaign the gambling site have on this forum tagged red. He supposed not to use the gambling site at all when there are numerous good gambling sites on this forum with good reputation.

I will not also encourage anyone to do it. But if you know how to avoid scam and malware, there is no problem.

Do not be on the side of those Google and Twitter and other likes them. Scam of highest magnitudes are existing there. The more problem is that many people will think they are legal and be clicking and accessing everything Google is suggesting them. That is why Google is the number one among the sites that people got a link to scammers and get scammed.

The scam through Google is more than the scam through the streaming sites. All should be avoided or do it in a way you can avoid scam.

Check the site history and reputation. Look online for his bad reputation in the past to know them. From there you will know if the site is trustworthy to use or not. If it gambling site is trustworthy to use, you can either provide your KYC documents or not depending on how you want it. But make sure you have only one account and not doing any manipulation. Also make sure that the gambling site is not restricted for people in your country but legal.

This thread is educative but I do not like how it is only directed to just illegal steaming. What about Google, Twitter now called X and other legal online sites like that?

Check this report and you will be surprised: Scam Sniffer 2023: Crypto Phishing Scams Drain $300 Million from 320,000 Users

You will see Google and Twitter to be the leader of those that make scammers get to their users and the government are doing nothing about it.

You mean Bc.game has not get in touch with you? Which means they are still reviewing your account. I do not know it can take this long. But once they have not contacted you saying you violated their ToS, still be waiting for them. You can also send their customer care another message.

It is better to read the terms and conditions very well because you can see on some casinos that KYC is not mandatory but if you check their terms and conditions, you will see that they have withdrawal limit to which there is not KYC. If the withdrawal limit is exceeded, KYC will be requested for. Also a gambling should be expecting the casinos to ask for KYC at anytime, regardless of being a fair player or not.

That is how gambling sites are. Most of them will not demand for KYC from you as long as you are losing, but if you win and want to withdraw some money, they will go through your account and tell you to do necessary things before you can withdraw and requesting for your identity through KYC can be among the requirements.

The second reason that you talked about is not really true. It may be correct in a decade time ago when bitcoin was young. There was no campaigns at the time but people were here to gain from knowledge each other. We are still learning from each other this time but if there is no campaigns anymore, forum daily posts will reduced by almost 95%. You will be very surprised if you see those that you thought they are here for fun that they will be the ones that will first leave not posting anymore.

Hazink and Cantsay have answered you correctly and it would be good if this thread is locked. Just scroll down and you will see lock topic at the left down side beside move topic. Click on the lock topic to lock it as you have been given the right answer already.

Countless of threads exist about it and this will not be the last.

As Arsenal has one challenging match, also Manchester City has on challenging match which I think is the last match to be played and that is when they will play Tottenham. Manchester City is hot but I can not predict such a match.

Manchester United is unable to win but prefer to draw more recently. If care is not taking, it is possible that Arsenal may win the club. Arsenal has tried this season but Manchester City still have more probability of winning this season Premier League but this can change back.

He was frustrated. The cause of the frustration would be because he used huge amount of money or money that he is not able to afford to lose to gamble. He also did not have the knowledge that the boxer will make money if he lost or not. Some people are looking for every means to make money from gambling. They will become addicted to it, spend more money on it, look for more ways but still continue to lose until they will realize that gambling should be done with just little amount of money that they can afford to lose.