BTC India
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Does it makes sense to store BTC in the Lightning network? Do you use it for your everyday life?
Sorry if these are too many noob questions. But I have Ledger and I was wondering if I could store my BTC in the Lightning network and if it’s even worth it.
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I think the general idea is to use a lightning wallet as you would an analogue wallet. Keep enough ‘cash’ in it for casual spends. Keep the bulk secure in a cold wallet.
I am thinking of keeping 10-20% of my btc holding in lightning, so when bullrun starts and fees go in overdrive (long waiting time, or high fees) i will be able to cash out some of my investments without having to hodl a part of my portfolio on exchanges. Any recomondations?
I would, but nothing in my area accepts lightning, or BTC in general. Heck, my local bakery doesn’t even accept credit or debit cards, cash only. We still have a long way to go.
And then there is taxes. Every single purchase would be a taxable event. No thanks, I don’t want to keep track of every single coffee that I buy.
I do have some sats ready in WoS, just in the off chance I find someone that accepts LN. Also played around with running my on LN node (I already run a full node). But there’s not nearly enough traction for me to maintain my own channels.
Well, I have Muun if necessary, but I never spent a single sat.