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Author Topic: Locked: LoyceV's Legendary Little Lightning Loans  (Read 2675 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (5 posts by 5 users deleted.)
LoyceV
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June 02, 2019, 10:26:25 AM
Last edit: September 11, 2019, 08:47:02 PM by LoyceV
Merited by WhyFhy (8), suchmoon (4), bones261 (2), BitCryptex (2), Vod (1), Timelord2067 (1), DarkStar_ (1), wwzsocki (1), asu (1), bitmover (1), Johnyz (1), DireWolfM14 (1)
 #1

Recently, I started playing around with a Bitcoin Lightning Network wallet (Eclair).

I considered creating a Satoshi doubler thread, but Little Lightning Loans sounds much better. The main purpose of this topic is to encourage Bitcoin users to try the Lightning Network, while using it for something real (although small).
A slight warning: Since the Lightning Network is still (a bit) experimental, you shouldn't deposit more than you're willing to lose. I think of it as an investment of time in Bitcoin's (possible) future.

Loan
No collateral required.
Amount: 0.1 mBTC (0.0001 BTC, or 10,000 satoshi).
Duration: one week.
Interest: 1% (0.001 mBTC (=0.000001 BTC or 100 satoshi)).
Conditions: Members (and higher) without red trust on DT2 all account ranks can apply.

To apply
1. Make sure you have inbound capacity.
2. Post a Bitcoin Lightning Network payment request for 0.1 mBTC. Make sure it doesn't expire too soon (in case I'm not online).
Repayment
3. When you want to pay back, let me know and I'll post a payment request.

Disclaimer
Self-moderated to stop spam from users who don't read and ask for a on-chain Bitcoin loan.
I reserve the right to reject or accept users as I please.
This topic is experimental, if it works out I might add Larger Lightning Loans later.
Don't take a small loan to get positive feedback, join to try the Lightning Network Smiley

Challenge
Help me add more sensible words (starting with an L) to the title Cheesy

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LoyceV
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June 02, 2019, 10:48:14 AM
Last edit: August 23, 2019, 08:07:23 PM by LoyceV
 #2

LoyceV's Legendary Little Lightning Loans Ledger
1. PrimeNumber7: June 2 - June 4: 0.1 mBTC paid back in full with 100 satoshi interest Cheesy
2. thehun: June 8 - June 10: 0.1 mBTC paid back in full with 100 satoshi interest Cheesy
3. BitCryptex: June 18 - June 20: 0.1 mBTC paid back in full with 100 102 satoshi interest Cheesy
4. bitmover: June 22 - June 22: 0.1 mBTC paid back in full with 100 satoshi interest Cheesy
5. Timelord2067: July 10 - July 13: 0.1 mBTC paid back in full with 100 satoshi interest Cheesy
6. asu: August 6 - August 9: 0.1 mBTC 0.1 mBTC paid back in full with 100 satoshi interest Cheesy
7. asu: August 16 - August 23: 0.2 mBTC paid back in full with 200 satoshi interest Cheesy
8. Timelord2067: August 23 - August 23:  0.1 mBTC paid back in full with 50 satoshi interest Cheesy

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June 02, 2019, 10:59:13 AM
 #3

here is btc address:1Fq8xvcZokMFHtfvVzRov4s7VK4wh5sB1X
I've added some red font to the OP. This topic is about Lightning Loans, a payment request looks like this:
Code:
lnbc100u1pw082lmpp56a6f0dt5jwddu2q4m0q8drvn6gsg87mstl2a4edz445lrmcpvunqdpsdp68gurn8ghj7mrfva58gmnfdenj6un0w4kx2ar5v5hxxmmdcqzpgxqyp2xq8rzuaxqr5fe8y33wtduphma45tu9rqk3t55dlf7z7j47vclrhwu9q9ymwmw2qc3pmuuky5kt798x6mnynwahv00nkf42glv9p8mhgtqpu82wj4

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June 02, 2019, 11:34:58 AM
 #4

here is btc address:1Fq8xvcZokMFHtfvVzRov4s7VK4wh5sB1X
I've added some red font to the OP. This topic is about Lightning Loans, a payment request looks like this:
Code:
lnbc100u1pw082lmpp56a6f0dt5jwddu2q4m0q8drvn6gsg87mstl2a4edz445lrmcpvunqdpsdp68gurn8ghj7mrfva58gmnfdenj6un0w4kx2ar5v5hxxmmdcqzpgxqyp2xq8rzuaxqr5fe8y33wtduphma45tu9rqk3t55dlf7z7j47vclrhwu9q9ymwmw2qc3pmuuky5kt798x6mnynwahv00nkf42glv9p8mhgtqpu82wj4
ahh ok i have no Lightning Network address right now but i will do later.Thanks
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June 02, 2019, 01:37:29 PM
Last edit: June 02, 2019, 01:51:20 PM by DireWolfM14
 #5

Nice project, much lightning.

I have a little learning curve to overcome, but I'll request a loan from you just for fun once I've learned how to generate a pay request. 
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June 02, 2019, 06:19:24 PM
Merited by DarkStar_ (1)
 #6

-----BEGIN BITCOIN SIGNED MESSAGE-----
Date June 2 2019
Time within 12 hours of 00000000000000000022d73ec793bd1c0bbbfa70a7098702711c634c101c8b9a
LN invoice lightning:lnbc100u1pw0gyygpp5nu7lxxrqr6sggmmwtasjvlvpc8p3hcmf98cqgj79my09274xeg9qdq6f3hkz m3qveex7mfqf3hhjcm92ccqzpgnzatmsy2eug3umpn6jy23hte2ttyjz20g43weul962wnm8vcs05rj 3efchhhtm40993kw0q36sy0hvvhpfflx2u8hwfhncnt999edlgqufhqvn

Requesting loan in the amount of 0.0001 BTC from LoyceV. The purpose of this loan is to test my LN client.

In exchange for this loan, I promise to repay LoyceV in the amount of 0.000101 BTC by June 9 2019

Thanks.
-----BEGIN SIGNATURE-----
bc1qak92tjzyev30pk6nkqhqjgmgxqj68fxvyn5tl7
H5R0z9u/SSPpFhVCr2TMCZKm6/t0mLN0hoiYMlXwZR0OUVDdJuDEryxqfsE5IJSRI7r34Q+5jpWdjOsn2EXs0e0=
-----END BITCOIN SIGNED MESSAGE-----

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June 02, 2019, 06:30:46 PM
Last edit: June 02, 2019, 06:41:19 PM by suchmoon
 #7

@LoyceV - may I suggest explicitly stating your trust feedback policy because... you know... trust farmers.

Edit to avoid offending touchy newbies.

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June 02, 2019, 06:36:13 PM
 #8

May I suggest explicitly stating your trust feedback policy because... you know... trust farmers.
I am not sure if your post was directed about my request. If you bothered to read my post you would see the stated purpose very clearly says is to test my LN client. Nowhere did I imply that I expect trust in return for repaying >$1

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June 02, 2019, 06:38:53 PM
 #9

May I suggest explicitly stating your trust feedback policy because... you know... trust farmers.
I am not sure if your post was directed about my request. If you bothered to read my post you would see the stated purpose very clearly says is to test my LN client. Nowhere did I imply that I expect trust in return for repaying >$1

Since I didn't quote or refer to you in any way it's obviously directed at the OP. But if the shoe fits I won't argue.

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June 02, 2019, 07:13:48 PM
 #10

Time within 12 hours of 00000000000000000022d73ec793bd1c0bbbfa70a7098702711c634c101c8b9a
LN invoice lightning:lnbc100u1pw0gyygpp5nu7lxxrqr6sggmmwtasjvlvpc8p3hcmf98cqgj79my09274xeg9qdq6f3hkz m3qveex7mfqf3hhjcm92ccqzpgnzatmsy2eug3umpn6jy23hte2ttyjz20g43weul962wnm8vcs05rj 3efchhhtm40993kw0q36sy0hvvhpfflx2u8hwfhncnt999edlgqufhqvn
Eclair tells me: "this payment had expired".

LoyceV on the road (or in bed, couch, ....). Don't deal with this account (there's one exception), I use it on untrusted devices.
<<Lightning Network: Tip me 1 satoshi>>. <<Exchange Bitcoin LN for onchain coins>> <<"When AI roams free, that's LoyceV...on mobile" (by Steamtyme)>>  <<your text here for free? come up with something good>>
Look at me, I'm DT3!
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June 02, 2019, 07:28:50 PM
 #11

Time within 12 hours of 00000000000000000022d73ec793bd1c0bbbfa70a7098702711c634c101c8b9a
LN invoice lightning:lnbc100u1pw0gyygpp5nu7lxxrqr6sggmmwtasjvlvpc8p3hcmf98cqgj79my09274xeg9qdq6f3hkz m3qveex7mfqf3hhjcm92ccqzpgnzatmsy2eug3umpn6jy23hte2ttyjz20g43weul962wnm8vcs05rj 3efchhhtm40993kw0q36sy0hvvhpfflx2u8hwfhncnt999edlgqufhqvn
Eclair tells me: "this payment had expired".

Try this one:

-----BEGIN BITCOIN SIGNED MESSAGE-----
To ammend the post here <https://bitcointalk.org/index.php?topic=5149962.msg51324624#msg51324624>

lightning:lnbc100u1pw0ggn2pp55rwr3kh5yetsa43h2x2g234kfdy9e83zvm9fxykx5rv3kh04xvfsdpyf3hkz m3qveex7mfqf3hhjcm92cs8guneyqeqcqzpgeh2lhm0gqyx68254u89ftu0q0qxddwz8w34jvctlp4n gzn27z049emt6jxy4e0cpajja4e43vsmc9h4j2ejyfwh6w6v4lvewvhy7wdqqlts8ls-----BEGIN SIGNATURE-----
bc1qak92tjzyev30pk6nkqhqjgmgxqj68fxvyn5tl7
H+IRiWBKfpYUm6KBJ5QgPkPQ67c20Ocjr3KDsoNH9QzDK6RcYG/mXMerLhC3K/+8gAQNLuHQWLU9BDVL+gfLDoI=
-----END BITCOIN SIGNED MESSAGE-----

BlueWallet appears to set the invoice to expire after an hour. I created it a few minutes ago

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June 02, 2019, 07:33:06 PM
 #12

0.0001 Bitcoin Lightning Loan sent to PrimeNumber7. Fee paid: 2.02 satoshi Cheesy

Welcome, my first customer!

LoyceV on the road (or in bed, couch, ....). Don't deal with this account (there's one exception), I use it on untrusted devices.
<<Lightning Network: Tip me 1 satoshi>>. <<Exchange Bitcoin LN for onchain coins>> <<"When AI roams free, that's LoyceV...on mobile" (by Steamtyme)>>  <<your text here for free? come up with something good>>
Look at me, I'm DT3!
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June 02, 2019, 07:40:31 PM
 #13

0.0001 Bitcoin Lightning Loan sent to PrimeNumber7. Fee paid: 2.02 satoshi Cheesy

Welcome, my first customer!
Received.



I will play around with my client a bit and ask for an invoice to pay you back.

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June 02, 2019, 10:33:45 PM
 #14

Please can I have a loan too? Thanks!
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June 03, 2019, 04:22:39 AM
 #15

@LoyceV - may I suggest explicitly stating your trust feedback policy because... you know... trust farmers.
Added:
Don't take a small loan to get positive feedback, join to try the Lightning Network Smiley


Please can I have a loan too? Thanks!
No. Only Members and higher are allowed, and your post history doesn't show anything else than applying for giveaways and loans, so you don't qualify for an exception.

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June 03, 2019, 04:37:44 AM
 #16

0.0001 Bitcoin Lightning Loan sent to PrimeNumber7. Fee paid: 2.02 satoshi Cheesy

Welcome, my first customer!
Holy Sh**!
I wanted to learn how to setup LN then I totally forgot about it. :-P

.WOLF.BET.
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.AFFILIATE PROGRAM.
   ...FREE FAUCET........
..CHAT RAIN.............
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June 03, 2019, 01:36:32 PM
 #17

I want to try it too at a later stage.
My big house project is soon to be finished, just left to build a veranda and paint the roof and that will be all for this year and then I'll setup my Lighting node as I dream to do this for very long time now.

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June 03, 2019, 08:59:50 PM
 #18

Fee paid: 2.02 satoshi

How is this possible?  I thought a satoshi was the smallest amount you could break a bitcoin into? 

(Feel free to delete if off topic, but I am curious.  Smiley  )

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June 03, 2019, 09:14:39 PM
 #19

Lightning Network uses milli-satoshis as smallest unit.

I'm more curious why it's 2 dot something: my guess is some node charges 1 or 2 satoshi, and another node charges just 0.02. I don't think one node would charge 2.02, and I've seen a "weird number" as fee quite often.

LoyceV on the road (or in bed, couch, ....). Don't deal with this account (there's one exception), I use it on untrusted devices.
<<Lightning Network: Tip me 1 satoshi>>. <<Exchange Bitcoin LN for onchain coins>> <<"When AI roams free, that's LoyceV...on mobile" (by Steamtyme)>>  <<your text here for free? come up with something good>>
Look at me, I'm DT3!
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June 04, 2019, 06:52:50 AM
 #20

0.0001 Bitcoin Lightning Loan sent to PrimeNumber7. Fee paid: 2.02 satoshi Cheesy

Welcome, my first customer!
Received.


I will play around with my client a bit and ask for an invoice to pay you back.
If you can post an invoice in the next 15 minutes, I will pay you back tonight. It is nearly midnight in California, and I need to be at work by 7.

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