_act_ (OP)
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Lightning network is good with small amount of BTC
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May 14, 2024, 10:31:21 AM |
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What about the other Dapp wallets like Trust Wallet, Bitget Wallet etc? I often utilise Bitget Wallet as my first preference and undoubtedly it has added a few exceptional features that others haven't, it supports Future trading, deposits via the P2P method, a launchpad for other projects, Swap with a limit option, NFTs, minting, sources of multiple DApps at one place etc.
Trustwallet and Bitget wallet are not bitcoin lightning wallet. They support bitcoin but it is better you use good wallet that are not close source but open source for bitcoin. There are many bitcoin wallets that are open source. Electrum, Passport, Trezor, Sparrow, Bluewallet, Unstoppable, Green and many other wallets are bitcoin wallets. I found out some weeks ago that bitget wallet is having lightning network. The wallet is noncustodial with very poor onchain fee estimation. I can not tell anyone to use the wallet because the fee is not customizable and the low fee estimation on the wallet is more than the highest fee displayed on mempool for fast confirmation. You know you need onchain fee to open and close a channel. But the main reason I will not be including the wallet on the list is because it is close source. If the wallet is open source, I would have included it when I saw it. I know that Electrum and bluewallet has a desktop version. You can see the link to all the electrum versions in the first post.
If you want to use Bluewallet, you need to provide your node address. Bluewallet is not having Linux and Windows apps but it has macOS app. Any desktop wallets?
Electrum is not newbie friendly for lightning network, but the developers are improving it in updates. It is a good wallet that you can go for. I think I can get the images for this thread if you do not understand how to use lightning network on Ekectrum. It is a guide.
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internetional
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June 04, 2024, 09:08:15 AM |
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I found out some weeks ago that bitget wallet is having lightning network. The wallet is noncustodial with very poor onchain fee estimation. For Lightning funds, the wallet is custodial, isn't it? I created an invoice there, and now I see that it requests payment to an LNBits node. It's not me but Bitget who holds the funds which are received via such an invoice.
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_act_ (OP)
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Lightning network is good with small amount of BTC
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For Lightning funds, the wallet is custodial, isn't it? I created an invoice there, and now I see that it requests payment to an LNBits node. It's not me but Bitget who holds the funds which are received via such an invoice.
I downloaded the wallet again and I went through it. The lightning network is supporting not bitcoin but only SATS which is a BRC20 token. Second thing I do not like about this wallet is that it states that it will use ethereum private key for the backup. The third which is what you are also saying is that it does not require a fee to set it up (for opening a channel) which means it is custodial.
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NotATether
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June 04, 2024, 10:12:38 AM |
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I downloaded the wallet again and I went through it. The lightning network is supporting not bitcoin but only SATS which is a BRC20 token.
That is actually mental. So the Bitget wallet only supports a BRC-20 shitcoin? Who would want to use that? I wonder if Bitget is trying to fool people about this wallet like bitcoin.com used to do with Bitcoin Cash. Second thing I do not like about this wallet is that it states that it will use ethereum private key for the backup.
This alone should disqualify it from being classified as a "Bitcoin wallet". This is not some wallet that supports many chains at once, so what is the justification for using Ethereum private keys (and addresses apparently) to send and receive a BRC-20 token.
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_act_ (OP)
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Lightning network is good with small amount of BTC
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June 04, 2024, 11:01:02 AM |
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That is actually mental. So the Bitget wallet only supports a BRC-20 shitcoin? Who would want to use that? I wonder if Bitget is trying to fool people about this wallet like bitcoin.com used to do with Bitcoin Cash.
Some people that do not know about this might be fooled. I clicked on lightning and brought this: This alone should disqualify it from being classified as a "Bitcoin wallet". This is not some wallet that supports many chains at once, so what is the justification for using Ethereum private keys (and addresses apparently) to send and receive a BRC-20 token.
Although it has bitcoin as one of the mainnet if we are not talking about lightning network. It is even BIP39 seed phrase. Also that it has also mainnet like But despite all these, it is not a bitcoin lightning wallet because it is not having bitcoin as its lightning network coin but having SATS instead using ethereum private key for its backup. It is even a close source wallet. I do not know why bitcoin is even at the lowest part among the mainnets. Since I downloaded the wallet, I always notice something not good. The default listed coins which is the mainnet has bitcoin as the coin third to the last listed coins while BGB which I think is their coin, and ETH are the first 2 coins there.
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LoyceV
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June 04, 2024, 11:05:53 AM |
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Some people that do not know about this might be fooled. I clicked on lightning and brought this: That's as close to scamming as it gets. Can you add a Warning Against Wallets list in the OP, with the WalletName in Strikethrough?
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
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internetional
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June 04, 2024, 11:08:49 AM |
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The lightning network is supporting not bitcoin but only SATS which is a BRC20 token.
No, they just use this ticker for satoshis (1/100,000,000th parts of BTC). I created an LN invoice for 1000 SATS in Bitget wallet, and, when I tried to pay it via usual lightning wallet, my wallet was going to send 1000 satoshis (0.00001 BTC), not 1000 BRC-20 tokens. The details of the invoice are here: By the way, the wallet I used for payment is Valet, which is also an open-source Lightning wallet: https://github.com/standardsats/valet/releases/tag/4.4.1
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_act_ (OP)
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Lightning network is good with small amount of BTC
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June 04, 2024, 11:31:03 AM |
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No, they just use this ticker for satoshis (1/100,000,000th parts of BTC). I created an LN invoice for 1000 SATS in Bitget wallet, and, when I tried to pay it via usual lightning wallet, my wallet was going to send 1000 satoshis (0.00001 BTC), not 1000 BRC-20 tokens.
Oh! But Bitget is making it confusing. It also has SATS. While not present it in sat which is what that is correct. Did you know that Bitget is supporting ORDI, SATS, RATS DOTS etc if you click on bitcoin as the mainnet, you will see them. Why represent bitcoin lightning also as SATS when the wallet also has SATS which is a token and different from sat. I will look into it That's as close to scamming as it gets. Can you add a Warning Against Wallets list in the OP, with the WalletName in Strikethrough?
internetional proved it that it is still lightning network but using the SATS to represent sat. Edit: I did not list the wallet among the wallets in the OP because it is close source and also because it is custodial.
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Upgrade00
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June 13, 2024, 06:44:00 PM |
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This is a peculiar case. If a channel close doesn't happen voluntarily then a force close can happen in the event when one of the channel peer is inactive and the other node acts to close the channel. If fees are high at the time, the fees paid will be high to resulting in a significant loss. I'm not still fully certain this is a bug or the node force closing, but can't say why it's happened multiple times to you. Is there any other open-source Electrum wallet available for Windows or Linux desktops?
Can't think of any. Any which fits the former part of your requirement will be limited to mobile.
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▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
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bomberb17
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June 14, 2024, 02:11:19 PM Last edit: June 14, 2024, 05:10:42 PM by bomberb17 |
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This is a peculiar case. If a channel close doesn't happen voluntarily then a force close can happen in the event when one of the channel peer is inactive and the other node acts to close the channel. If fees are high at the time, the fees paid will be high to resulting in a significant loss. I'm not still fully certain this is a bug or the node force closing, but can't say why it's happened multiple times to you. This is obviously a bug in the Electrum software which has happened to me multiple times, and others as well. This bug is quite serious as it not only breaks the functionality of lightning, but also results in losses because of high fees (by "high" I mean relatively to the fees that are considered "normal" at the time) Is there any other open-source Electrum wallet available for Windows or Linux desktops?
Can't think of any. Any which fits the former part of your requirement will be limited to mobile. I'm quite surprised Electrum is the only open source desktop wallet which supports lightning. Hope that other wallets follow. For me, mobile wallets are not the way - a phone can be easily lost or stolen, so mobile wallet is good to hold only tiny amounts which makes the whole thing cumbersome (I would have to constantly replenish the mobile wallet to continue transacting)
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BitGoba
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List is good but needs to be add with some more wallets, for example, Blink. It should also be noted whether the wallet is custodial or non-custodial. For example, the wallet of satosi is custodial, while Phoenix is a self-custodial lightning wallet. https://www.speed.app/https://www.blink.sv/In general, there are two groups of wallets. First, a self-custody wallet is one in which you alone control the bitcoin you own, with 100% capacity to control the location and destination of your funds. The second type is a custodial wallet. Much like a bank account, these wallets provide you a balance, and give you the ability to transact, but in reality, you simply have an account with a third-party, who ultimately controls the bitcoin. Lastly, there is a new model of custody emerging that is interoperable with the lightning network. Technologies like Liquid, Cashu, and Fedimint offer a different model of custody, where the bitcoin is held in custody by either a single custodian, or a group of custodians, and you are given custody of another asset, generally representing the bitcoin held by the custodian.
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LoyceV
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June 28, 2024, 10:52:34 AM |
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blink.sv They could not have chosen a worse domain extension.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
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▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
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DaveF
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blink.sv They could not have chosen a worse domain extension. They are based in El Salvador and .sv is the TLD for El Salvador. Yes due to fakesatoshi sv might not be the best extension, but showing where you are from is far from the worst. And El Salvador is BTC friendly so having that TLD vs a .com might be batter for them. -Dave
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LoyceV
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July 02, 2024, 04:36:09 PM |
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.sv is the TLD for El Salvador. That makes a lot more sense indeed.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
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▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
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BitGoba
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July 06, 2024, 01:16:37 PM |
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SV is the national domain of the country El Salvador. El Salvador is the first country in the world to declare Bitcoin as legal tender. The second country is the Central African Republic. In 2021, El Salvador also launched its own bitcoin and bitcoin lightning wallet, Chivo, on which every citizen received free Bitcoin worth $10. https://www.chivowallet.com/
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dkbit98
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July 11, 2024, 11:26:48 AM |
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SV is the national domain of the country El Salvador. El Salvador is the first country in the world to declare Bitcoin as legal tender. The second country is the Central African Republic. In 2021, El Salvador also launched its own bitcoin and bitcoin lightning wallet, Chivo, on which every citizen received free Bitcoin worth $10.
Stop promoting this custodial wallet! Nobody should use that crap in any country, and this has nothing to do with bitcoin. This is how ''friendly'' chivowallet website is when you are trying to open it with Tor browser.
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LoyceV
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July 11, 2024, 12:49:32 PM |
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Stop promoting this custodial wallet! Nobody should use that crap in any country, and this has nothing to do with bitcoin. This is how ''friendly'' chivowallet website is when you are trying to open it with Tor browser. It took some time, but after that it loads fine in my Tor browser. I don't have a problem with custodial LN (for small amounts), but I don't like installing apps so I haven't tried this. If it can send LN to a normal LN request, I'd say it has everything to do with Bitcoin. If it can't do that, then I'd agree to avoid it entirely.
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| | Peach BTC bitcoin | │ | Buy and Sell Bitcoin P2P | │ | . .
▄▄███████▄▄ ▄██████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀
▀▀▀▀███████▀▀▀▀ | | EUROPE | AFRICA LATIN AMERICA | | | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
███████▄█ ███████▀ ██▄▄▄▄▄░▄▄▄▄▄ █████████████▀ ▐███████████▌ ▐███████████▌ █████████████▄ ██████████████ ███▀███▀▀███▀ | . Download on the App Store | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ | ▄▀▀▀ █ █ █ █ █ █ █ █ █ █ █ ▀▄▄▄ |
▄██▄ ██████▄ █████████▄ ████████████▄ ███████████████ ████████████▀ █████████▀ ██████▀ ▀██▀ | . GET IT ON Google Play | ▀▀▀▄ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▀ |
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Xal0lex
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August 05, 2024, 07:00:18 PM Merited by ABCbits (1), _act_ (1) |
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Name: MutinySupported OS: Android, iOS and BrowserGitHub repository: hereType: NoncustodialCategory: On-chain Newbies friendly: Yes Backup: Tor: No Launch date: 2023 Mutiny Wallet is Shutting DownOur company is exploring alternative products, we'll be shutting down the wallet at the end of the year but you can still self host.
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_act_ (OP)
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Lightning network is good with small amount of BTC
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August 05, 2024, 07:37:02 PM |
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Name: MutinySupported OS: Android, iOS and BrowserGitHub repository: hereType: NoncustodialCategory: On-chain Newbies friendly: Yes Backup: Tor: No Launch date: 2023 Mutiny Wallet is Shutting DownOur company is exploring alternative products, we'll be shutting down the wallet at the end of the year but you can still self host. Thank you for the update. OP has been updated. Although I have not removed the wallet but gave two warnings about the close down that would be at the end of this year. The first warning at the beginning of the post while the second warning at the Mutiny wallet info.
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