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Author Topic: why don't we have campaigns using lightning network in the forum yet?  (Read 117 times)
bitmover
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January 07, 2019, 10:32:43 AM
Merited by LoyceV (1)
 #1

Hello. I read this topic by @LoyceV, where he talked about making a lightning network casino.


But like I said, there's no way I can do this Sad I'm still thinking about creating a topic in Project Development to make this a community effort.

So maybe my real Crypto Resolution should be:
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Then I was thinking about how our community could promote lightning network. As this place is historically a site where new projects were born to increase Bitcoin adoption.

What is necessary to make a signature campaign that would pay users using lightning network? Is it possible with the actual wallets? I know there are some wallets already using lightning network.
Why don't we have any campaign using it? Is it more lack of knowledge, or is it still too risky to use lightning network?

Not necessarily a significant campaign, could be something different..

The idea would be to have micropayments weekly,  the channel would only be closed at the end of the campaign. It would be a nice use of the this new tech.

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January 07, 2019, 10:36:55 AM
Merited by LoyceV (1)
 #2

It would be a nice use of the this new tech.

While your idea is nice, LN is still beta, so it may not be safe enough for the average Joe.
And not all campaign participants are experts.
So for now I'd be happy if all campaigns would use SegWit (!), which is already old tech and still insufficiency used, and leave LN mature (and get "released") before using it for everybody.

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January 07, 2019, 06:50:02 PM
Merited by LoyceV (1)
 #3

LN is not stable and should not be used on the main net. The developers themselves said so, who are we to say otherwise?

I understand that people want to experiment and push for adoption but If people lose their money in the process, that doesn't help.

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January 07, 2019, 07:06:20 PM
 #4

It would be a nice use of the this new tech.

While your idea is nice, LN is still beta, so it may not be safe enough for the average Joe.
And not all campaign participants are experts.
So for now I'd be happy if all campaigns would use SegWit (!), which is already old tech and still insufficiency used, and leave LN mature (and get "released") before using it for everybody.

Agreed, even I don't know how much I will need to open a channel and to ask a friend to do so. Let's give LN some more time. I'm sure these small things will go on automatic and then it will be easier to understand.
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January 08, 2019, 10:45:16 AM
Merited by LoyceV (1), Lucius (1)
 #5

Agreed, even I don't know how much I will need to open a channel and to ask a friend to do so. Let's give LN some more time. I'm sure these small things will go on automatic and then it will be easier to understand.

You don't have to know much to start using LN already. The easiest way (not the safest) is to use a custodial wallet.

For example: bluewallet.io (iOS and Android apps)

You top it up with a small amount of Bitcoin and can immediately send and receive lightning payments.
By default it uses a third party LND installation, meaning it's already capable of sending/receiving payments because it's well connected.

You can set it up to use your own LND hub instead.

There's also Bitcoin Lightning Wallet for Android which is quite good.

Give these apps a go (using small amounts of Bitcoin). That's how you get the ball rolling. It won't get rolling if everyone just sits there hoping for the thing to resolve itself on its own.

HTH
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January 08, 2019, 04:15:47 PM
Merited by stomachgrowls (1)
 #6

LN is not stable and should not be used on the main net. The developers themselves said so, who are we to say otherwise?

I understand that people want to experiment and push for adoption but If people lose their money in the process, that doesn't help.
So far, I haven't read anything about people losing money due to LN-bugs. That would indeed be very bad publicity if that happens.
However, I wouldn't mind putting a few mBTC in an experimental system. Consider it play money.
I must admit I still haven't installed a LN wallet though.

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