lightning-address VS lnbits-legend

Ever heard of Lightning addresses?

Using Lightning in 2019 was a bit challenging but today, it's a cake walk. Everyone from kids to grandma can do it. You can turn your email address to a lightning address.

Phoenix, Breez, Bitkit are the best self custodial lightning wallets. Wallets like Zeus and Bluewallet let you host your own lndhub instance that you can share with family and friends and everyone can have their own lightning address, which can be just your email address.

There's an insane amount of innovation happening on Lightning from LSPs, DLCs, Stablesats, Lightning address, P2P markets, Zaps, privacy improvements like trampoline payments, route blinding... Best place to keep up would be Nostr.

Lightning Address

No.

3) Install Satdress https://github.com/andrerfneves/lightning-address/blob/master/BRIDGE.md you can skip this step and use existing one (for example payaddress.co btcadresse.de ln.fitti.io bitmia.com paymentlink.xyz tinytip.me sats.pm lnpay.cz getalby.com lnaddress.me lnaddress.net lightning.by lightning.re) but you need to trust them because yhey route request. Your LN adress would look like for example [[email protected]](mailto:[email protected]) if you install it in your VPS than your address will be @

Presenting LNBits!!!!

Recurring Bitcoin payments over lightning are coming - with recent announcements from lnbits (here) and CoinCorner (here)

If you take a look at the free, open source, off-the-shelf software LNBits (lnbits.com) there is no programming needed. You can even just pay $12/mo to https://voltage.cloud and have it all hosted in the cloud and is set up in <90 seconds. All the things I mentioned in the OP have a pretty UI to configure it all.

2.) Set up your own self-hosted install of https://lnbits.com (or use cloud hosted version at https://voltage.cloud for ~$10 USD/mo).

> I think you make an interesting point about micro payments. Micro payments could be an avenue for crypto to actually achieve some legitimacy and usefulness.

I've been testing out the Lightning Network (Layer 2 of BTC) recently and it seems that the future has arrived. I can accept micropayments in BTC over LN, which get immediately converted to dollars and deposited to a bank account in USD. All for ~$0.01 fee per transaction. Here's how:

1.) Open an account at https://strike.me. This app is very similar to CashApp, but supports getting paid on the Lightning Network. I believe CashApp is also working on this functionality.

2.) Set up your own self-hosted install of https://lnbits.com (or use cloud hosted version at https://voltage.cloud for ~$10 USD/mo).

3.) Connect LNBits to Strike.

4.) Set up a Point of Sale (or paywall, or event tickets, or tip jar, or anything else) on LNBits.

5.) Collect a payment in LNBits.

6.) That BTC is immediately forwarded to Strike, converted to USD and available for withdrawal to your bank account.

Following these steps you can collect micropayments in USD for next-to-nothing fees and no exposure to the volatility of BTC.

LNBits - Withdraw extension - https://github.com/lnbits/lnbits-legend/tree/main/lnbits/extensions/withdraw

There's a draft pull request in LNbits for this purpose, and an accompanying article that describes the process of initializing the card. So the tools are still in the process of being built for home use atm.

Sounds similar to LNbits: https://lnbits.com/