Hey Ian, thanks for the video. Great work! I do have a question regarding the Lightning Pool: I funded my account with some sats. Unfortunately i clicked three times on the fund button cause it the website didn't response immediately. What happens was, that i did three times the same transaction but my account was only funded once. Meanwhile my account was withdrawn three times with the amount i wanted to fund my lightning pool account. Do you know if there is an opportunity to get my missleaded funds back? Who can i contact to get some help? Best regards from Germany.
Hmm interesting, I haven't seen this one. I would recommend DM'ing Lightning Labs support here who should hopefully be able to help! twitter.com/lightning_help
That's actually a great question... I admittedly as you can tell from my videos have spent most of my time with LND. I'm assuming general liquidity marketplaces like Magma would work regardless of the Lightning implementation you're using? amboss.space/magma There are some other services that sell inbound liquidity listed here you could try as well: plebnet.wiki/wiki/Getting_Inbound_Liquidity
@@IanMajor I'm a dumbass. I actually want to add outbound liquidity to a single channel. Think I might spin up an LND node instead, simply becuase of Loop.
Yea Loop is good if you want to get liquidity back on your side of a particular channel. You can also of course simply open a new channel (requiring an on-chain trxn though) which will de facto give you outbound liquidity. Thunderhub is also a great tool for doing all the above and I've done a tutorial on it if you want to check it out: ua-cam.com/video/9IKEhMNiaKc/v-deo.html Lastly, I'm pretty sure Ride The Lightning (comparable to Thunderhub) supports C-Lightning as well in case you want to check that out before spinning up an LND node.
What kind of setup do you have? The way you can install this depends in big part there. The video here goes through an example of using the Lightning Terminal app within the Umbrel App Store, but if you're running a different type of node / setup, you might want to check out the following; github.com/lightninglabs/lightning-terminal
Thanks for your work. Will check out the other videos. QUESTION: I know almost nothing about Lightning Network. Just so that I understand the fundamentals from this video; the point of lightning network is to function as a node (miner?) to process exchanges? If that’s the case, I’ll pass. I’m mostly focused on paying and being paid through my business. I’m an engineering service professional with an ongoing business. My intention is to securely, simply and as cheaply as possible pay and received payment using cryptocurrency and in particular BTC in my business. So far I’ve not been satisfied that there is a safe, secure and inexpensive way to accomplish that. If payment in cryptocurrency has no benefit vs fiat, what’s the point (ignoring the big picture but focused on the practical challenges of applying to the daily business world model)? At this time, dealing with the general public on the subject of cryptocurrency is tricky. And, if it’s not simple and straightforward, there’s a point of diminishing returns. I’m just sayin..
Hey Wayne - I think the intro videos referenced in this vid will be helpful, but think of the Lightning Network as a "layer 2" on top of bitcoin that enables nearly-instant, nearly-feeless trxns. The way the network works is through what are called payment channels established between 2 nodes. The reason Lightning can achieve massive scale is that I can route payments through my node - for e.g. if Alice has a channel open with Bob but not with Charlie; and Bob has a channel with Charlie, then Alice can successfully get a payment to Charlie by routing the payment through Bob. Lightning is great for everyday payments, but I'd agree with you that the current UI is still very much being developed to make it really easy for businesses and consumers to interact with it. You'll start to see more "plug and play" services that let you easily accept BTC as payment. There are things like BTCPayServer already that are excellent, but even this still needs some "wrappers" around it to make it more usable for non-technical folks.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Great! Now we can just sit back relax and stak sats out of the hamac. Greetings from Brazil my friend. 🤙
This is most definitely the way 🤝
Super cool! Very excited about layer 2 on Bitcoin ⚡️
Hey Ian, thanks for the video. Great work!
I do have a question regarding the Lightning Pool:
I funded my account with some sats. Unfortunately i clicked three times on the fund button cause it the website didn't response immediately. What happens was, that i did three times the same transaction but my account was only funded once. Meanwhile my account was withdrawn three times with the amount i wanted to fund my lightning pool account.
Do you know if there is an opportunity to get my missleaded funds back? Who can i contact to get some help?
Best regards from Germany.
Hmm interesting, I haven't seen this one. I would recommend DM'ing Lightning Labs support here who should hopefully be able to help! twitter.com/lightning_help
Hey Ian, do you know how to add inbound liquidity to a channel on Core Lightning?
That's actually a great question... I admittedly as you can tell from my videos have spent most of my time with LND.
I'm assuming general liquidity marketplaces like Magma would work regardless of the Lightning implementation you're using? amboss.space/magma
There are some other services that sell inbound liquidity listed here you could try as well: plebnet.wiki/wiki/Getting_Inbound_Liquidity
@@IanMajor I'm a dumbass. I actually want to add outbound liquidity to a single channel. Think I might spin up an LND node instead, simply becuase of Loop.
Yea Loop is good if you want to get liquidity back on your side of a particular channel. You can also of course simply open a new channel (requiring an on-chain trxn though) which will de facto give you outbound liquidity. Thunderhub is also a great tool for doing all the above and I've done a tutorial on it if you want to check it out: ua-cam.com/video/9IKEhMNiaKc/v-deo.html
Lastly, I'm pretty sure Ride The Lightning (comparable to Thunderhub) supports C-Lightning as well in case you want to check that out before spinning up an LND node.
thanks a lot !!!
Absolutely! Glad you found this useful
I could not find pool in umbrel
Pool is a tool embedded within the broader Lightning Terminal app that you'll find in Umbrel
Installation please.
What kind of setup do you have? The way you can install this depends in big part there. The video here goes through an example of using the Lightning Terminal app within the Umbrel App Store, but if you're running a different type of node / setup, you might want to check out the following; github.com/lightninglabs/lightning-terminal
Thanks for your work. Will check out the other videos. QUESTION: I know almost nothing about Lightning Network. Just so that I understand the fundamentals from this video; the point of lightning network is to function as a node (miner?) to process exchanges? If that’s the case, I’ll pass. I’m mostly focused on paying and being paid through my business. I’m an engineering service professional with an ongoing business. My intention is to securely, simply and as cheaply as possible pay and received payment using cryptocurrency and in particular BTC in my business. So far I’ve not been satisfied that there is a safe, secure and inexpensive way to accomplish that. If payment in cryptocurrency has no benefit vs fiat, what’s the point (ignoring the big picture but focused on the practical challenges of applying to the daily business world model)? At this time, dealing with the general public on the subject of cryptocurrency is tricky. And, if it’s not simple and straightforward, there’s a point of diminishing returns.
I’m just sayin..
Hey Wayne - I think the intro videos referenced in this vid will be helpful, but think of the Lightning Network as a "layer 2" on top of bitcoin that enables nearly-instant, nearly-feeless trxns. The way the network works is through what are called payment channels established between 2 nodes. The reason Lightning can achieve massive scale is that I can route payments through my node - for e.g. if Alice has a channel open with Bob but not with Charlie; and Bob has a channel with Charlie, then Alice can successfully get a payment to Charlie by routing the payment through Bob.
Lightning is great for everyday payments, but I'd agree with you that the current UI is still very much being developed to make it really easy for businesses and consumers to interact with it. You'll start to see more "plug and play" services that let you easily accept BTC as payment. There are things like BTCPayServer already that are excellent, but even this still needs some "wrappers" around it to make it more usable for non-technical folks.