Liberated: LoyceV's Legendary Little Lightning Loans Lowered

[LoyceV]

Can’t find how to set the expiration, is it because i’m using Bluewallet mobile (ios) and they don’t have that feature?

I can't find it in Bluewallet either.

Lighting Invoice:
lnbc100u1pw5j8y5pp5khsk5thauy3m8743kze4e9yvyhxpgkrmm890u84tza8fq2ekwvgsdqqcqzpg 574z7haetsufd756m3zgm8fcnkvzvfqna7strmsjre3v0574vpf43g9xff4cd0f74y8xhk9567tfq3z d694900czz8hcujsu89yelkcqvr2puu

Little Lightning Loan sent! I used Bluewallet and paid a whopping 30 sat fee.

[asu]

I can't find it in Bluewallet either.

So they don’t have that feature.

Does Eclair have the time that you can set the expiration max to 6 hours? Don’t know because of I don’t have Android phone.

Little Lightning Loan sent! I used Bluewallet and paid a whopping 30 sat fee.

Received.

That’s fast though. Just get used to waiting more than 50 minutes using blockchain transaction, pretty impressive.

[LoyceV]

Does Eclair have the time that you can set the expiration max to 6 hours?

Yes: 10 minutes, 1 hour or 6 hours.

That’s fast though. Just get used to waiting more than 50 minutes using blockchain transaction, pretty impressive.

Most of the delay was caused by me, the transaction itself took only seconds.

Yesterday, I deposited some shitcoin to an exchange, and I was reminded how long it takes to get a few confirmations. Most of the time I'm not waiting for a result from a transaction, but when I do, an hour is just annoying.
Despite a few hiccups, I have high hopes for LN, and so far this topic has introduced a few people to testing it

[asu]

Most of the delay was caused by me, the transaction itself took only seconds.

Yesterday, I deposited some shitcoin to an exchange, and I was reminded how long it takes to get a few confirmations. Most of the time I'm not waiting for a result from a transaction, but when I do, an hour is just annoying.
Despite a few hiccups, I have high hopes for LN, and so far this topic has introduced a few people to testing it

Yeah, It’ll really depends now from the sender on how it will takes.

At first I actually have in my mind on how LN works because its a little bit the same to coins.ph who mostly filipinos use bitcoin wallet. But it only works to coins.ph user to coins.ph user transact without broadcasting their transaction on blockchain, instant, and no transaction fee at all.

More likely the same on how LN works based from my understanding.
(Loyce channel —> sent 10,000 sats —> Asu channel)
- Small Fee
- Instant
- Without broadcasting their transaction on blockchain.

Am I right? or I’ve missing something that I don’t know on LN

Anyways, I’m ready to pay my Little Lightning Loan Loyce

[Rath_]

More likely the same on how LN works based from my understanding.
(Loyce channel —> sent 10,000 sats —> Asu channel)
- Small Fee
- Instant
- Without broadcasting their transaction on blockchain.

Am I right? or I’ve missing something that I don’t know on LN

Actually, it's a little bit more complex You would be right if Bluewallet's and Loyce's nodes were connected to each other directly; meaning that they would have a channel in which both of them had some coins on their sides. In such a case, there would be no fees. However, you paid a really small fee. This means that your transaction has been routed by some node which is connected to both Loyce and BlueWallet or a much longer path was found.

Have you seen my LN FAQ and the basics of the Lightning Network? Feel free to post your further questions there.

[Timelord2067]

Hi again,

Code:

lnbc1pw5jarvpp5cstd55yvxhz39zt0hultnv455cnqgkepfg3d0mm5ej37272x76psdqu2fhkzmtfdenjqnzwyptkzmrvv46qxqr4rqrzjqwryaup9lh50kkranzgcdnn2fgvx390wgj5jd07rwr3vxeje0glc7z89q5qqssqqqqqqqqlgqqqqqeqqjqrzjqw2sxwe993h5pcm4dxzpvttgza8zhkqxpgffcrf5v25nwpr3cmfg7z80dyqq2cqqqqqqqqlgqqqqqeqqjqqq3j6r5d8zcd5d9xmg2zlgmmeplx70mr02755te4yawp29anmmq3l2yqzn848el7gmmq4r09tx0nhtl7u6tv9drzrzsknxncaknfpkgpgsphuj

Thanks,

[LoyceV]

Anyways, I’m ready to pay my Little Lightning Loan Loyce

Maybe I should start setting a minimum duration I'll get you a payment request a bit later.

You would be right if Bluewallet's and Loyce's nodes were connected to each other directly; meaning that they would have a channel in which both of them had some coins on their sides. In such a case, there would be no fees.

Actually, I sent from my Bluewallet to asu's Bluewallet, and since these are custodial, I'm not even sure why it asked a fee at all. Maybe it's part of their payment model (which is totally fine of course!).

Code:

lnbc1pw5jarvpp5cstd55yvxhz39zt0hultnv455cnqgkepfg3d0mm5ej37272x76psdqu2fhkzmtfdenjqnzwyptkzmrvv46qxqr4rqrzjqwryaup9lh50kkranzgcdnn2fgvx390wgj5jd07rwr3vxeje0glc7z89q5qqssqqqqqqqqlgqqqqqeqqjqrzjqw2sxwe993h5pcm4dxzpvttgza8zhkqxpgffcrf5v25nwpr3cmfg7z80dyqq2cqqqqqqqqlgqqqqqeqqjqqq3j6r5d8zcd5d9xmg2zlgmmeplx70mr02755te4yawp29anmmq3l2yqzn848el7gmmq4r09tx0nhtl7u6tv9drzrzsknxncaknfpkgpgsphuj

I'm sending it, but Bluewallet says "payment is in transit". I'm not sure if it will go through or not.

[Timelord2067]

Eclair seems to disconnect from the network almost immediately after my Android device's screen saver kicks in.

I've got Zap on PC but no inbound...

[LoyceMobile]

Eclair seems to disconnect from the network almost immediately after my Android device's screen saver kicks in.

That's probably an Android setting, something to minimize data and/or battery use.

[LoyceV]

Anyways, I’m ready to pay my Little Lightning Loan Loyce

Let me know when you're here, I'll request through Bluewallet, and I think those payment requests expire in just 1 hour.

[asu]

Let me know when you're here, I'll request through Bluewallet, and I think those payment requests expire in just 1 hour.

I’m here now, just got home.

[LoyceV]

I’m here now, just got home.

Please pay back 10100 sat (including 1% interest):

Code:

lnbc101u1pw5mqh6pp5mtwem4d6f9ylggevmp3ex89wxwqcz65h4xl0n27nx0pzvh79gydsdqqcqzpgdxl40t52cg3lfl9mr7nfflc8shxpuq3dmwsfyglevuvw2y97kl3qhdw4w944ks6esehel9t6p4uc38hgkc5fwqqjdp9axzdv0kgvncgqhd0f5t

[asu]

Please pay back 10100 sat (including 1% interest):

Code:

lnbc101u1pw5mqh6pp5mtwem4d6f9ylggevmp3ex89wxwqcz65h4xl0n27nx0pzvh79gydsdqqcqzpgdxl40t52cg3lfl9mr7nfflc8shxpuq3dmwsfyglevuvw2y97kl3qhdw4w944ks6esehel9t6p4uc38hgkc5fwqqjdp9axzdv0kgvncgqhd0f5t

Sent. Bluewallet charged me 30 sats like you when you send the loan to me, It’s like their set of fee in every transaction that will made.

Edit: Thanks! I’ll try next time four in a row payment request in one time, hopefully you find it interesting.

[LoyceV]

It’s like their set of fee in every transaction that will made.

So 0.3% is their "fixed" internal rate? I've had external transactions from Bluewallet without any fee. Weird, but I'm totally fine with these very small fees (especially since they must pay more to consolidate my on-chain deposit).

Payment received, thanks

[asu]

Hello, Loyce

I’d like to try it again. Two payment request?

Code:

lnbc100u1pw4dz6gpp5nnhzawurg8pc0ep3686v5ypcylf830yt2vwxj2yce704pzvquwgqdqqcqzpgjhvyc0pqxmfmt04wvn88h4pn2qx4c2attytadfygzkccwk8438mn5cv8z8fnc4hdnhqzw6nffe422v32qsnnfz2a76sdc3drlszunfcp8t5j0n

10,000 sats

Code:

lnbc100u1pw4dz6lpp5argygjuy0p69e9fy45fkqcr76plxtae2cysq76lxqfjuh8jp4j6sdqqcqzpgfefarzdlttazth9p9gse5esp24uh987rztqgssvm44mjlam2pjkku8whld7kgkkcf6lc8amupxcrftgqd8a2czc7f8w94739t0306fsq554lxj

10,000 sats

[LoyceV]

Code:

lnbc100u1pw4dz6gpp5nnhzawurg8pc0ep3686v5ypcylf830yt2vwxj2yce704pzvquwgqdqqcqzpgjhvyc0pqxmfmt04wvn88h4pn2qx4c2attytadfygzkccwk8438mn5cv8z8fnc4hdnhqzw6nffe422v32qsnnfz2a76sdc3drlszunfcp8t5j0n

10,000 sats

Code:

lnbc100u1pw4dz6lpp5argygjuy0p69e9fy45fkqcr76plxtae2cysq76lxqfjuh8jp4j6sdqqcqzpgfefarzdlttazth9p9gse5esp24uh987rztqgssvm44mjlam2pjkku8whld7kgkkcf6lc8amupxcrftgqd8a2czc7f8w94739t0306fsq554lxj

10,000 sats

I've funded both, each with 30 sat fee.

[asu]

I've funded both, each with 30 sat fee.

Both payment received, that small fee though.

LN is so interesting. Hope there’s an app that legitimate to used to transact big amount, ~phew. Thanks

[LoyceV]

Hope there’s an app that legitimate to used to transact big amount,

There are exchanges. I've only tested coinplaza.it (reflink in LoyceMobile's sig).
I didn't need KYC to exchange up to 100 euro per day, but I've only exchanged much smaller amounts. No other exchange allows me to buy just 1000 Dogecoin with Bitcoin Lightning

[Timelord2067]

I have a channel open to a node in Amsterdam so this should work...

Code:

lnbc1pw4lfjrpp5awnhfdh59ayr6m2dmhtv7m3na5m2thr0z64q50e90vj8fenwaglsdqu2fhkzmtfdenjqnzwyptkzmrvv46qxqr4rqrzjqfs04d3nqehd0vwehxu2p7kg0c2hn5tsn6r5629q69c6rawy8wu8wzgr6qqqsjsqqqqqqqlgqqqqqeqqjqrzjqwryaup9lh50kkranzgcdnn2fgvx390wgj5jd07rwr3vxeje0glc7z89pqqq96gqqqqqqqlgqqqqqeqqjqrzjqw2sxwe993h5pcm4dxzpvttgza8zhkqxpgffcrf5v25nwpr3cmfg7z80dyqq2cqqqqqqqqlgqqqqqeqqjqlccx8znjdlm3405lsxc6matuxhnaf9q35l8a0gl5ytmkyz5zg0nxw92grxvm49sue08k67rygtsh250xla9wz7u4m2dm3c7dw7ny9tspk5ujhx

[LoyceV]

Code:

lnbc1pw4lfjrpp5awnhfdh59ayr6m2dmhtv7m3na5m2thr0z64q50e90vj8fenwaglsdqu2fhkzmtfdenjqnzwyptkzmrvv46qxqr4rqrzjqfs04d3nqehd0vwehxu2p7kg0c2hn5tsn6r5629q69c6rawy8wu8wzgr6qqqsjsqqqqqqqlgqqqqqeqqjqrzjqwryaup9lh50kkranzgcdnn2fgvx390wgj5jd07rwr3vxeje0glc7z89pqqq96gqqqqqqqlgqqqqqeqqjqrzjqw2sxwe993h5pcm4dxzpvttgza8zhkqxpgffcrf5v25nwpr3cmfg7z80dyqq2cqqqqqqqqlgqqqqqeqqjqlccx8znjdlm3405lsxc6matuxhnaf9q35l8a0gl5ytmkyz5zg0nxw92grxvm49sue08k67rygtsh250xla9wz7u4m2dm3c7dw7ny9tspk5ujhx

Loan funded: I've sent 10,000 sat to "Roaming LN wallet" with 34 sat fee.

Code:

lnbc100u1pw4dz6gpp5nnhzawurg8pc0ep3686v5ypcylf830yt2vwxj2yce704pzvquwgqdqqcqzpgjhvyc0pqxmfmt04wvn88h4pn2qx4c2attytadfygzkccwk8438mn5cv8z8fnc4hdnhqzw6nffe422v32qsnnfz2a76sdc3drlszunfcp8t5j0n

10,000 sats

Code:

lnbc100u1pw4dz6lpp5argygjuy0p69e9fy45fkqcr76plxtae2cysq76lxqfjuh8jp4j6sdqqcqzpgfefarzdlttazth9p9gse5esp24uh987rztqgssvm44mjlam2pjkku8whld7kgkkcf6lc8amupxcrftgqd8a2czc7f8w94739t0306fsq554lxj

10,000 sats

I've funded both, each with 30 sat fee.

It's pay back time
Please pay 20,200 sats:

Code:

lnbc202u1pw4lt97pp5wttuvmnnkdp972ta44g0ue8nx94tln8q8667hgv6xrnjjwp8fr7sdqqcqzpgszngd9kpmuer3690q5a2jntnhce48dl66maxwzm99l77kwx8d58ht27jn57s53h3gsgarr2v8lrzs2y5tcv0rmaghm7qty3upwe4y6qps0e6c2