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Using Bitcoin Lightning Network - Programmer explains by ivanli

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· @ivanli ·
$278.86
Using Bitcoin Lightning Network - Programmer explains
Bitcoin Lightning Network is growing day by day and the technology is really the future of Bitcoin. Today we install the wallet, look at the world map with all the lightning nodes on the testnet and buy coffee using Lightning Network!

https://www.youtube.com/watch?v=B5IPheyaNHA
https://steemitimages.com/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx/Steemit-Flash-Steemit.gif

Command that you need to write from screen:
npm --add-python-to-path="true" --debug install --global windows-build-tools

Guide:
https://medium.com/@jadmubaslat/bitco...

Free TestNet BTC:
https://testnet.manu.backend.hamburg/...

World Map Lightning Network TestNet:
https://explorer.acinq.co/#/n/03c4b20...

Starblocks - Buy Coffee on the TestNet using Lightning:
https://starblocks.acinq.co

Andreas Lightning Network Centralized?
https://www.youtube.com/watch?v=c4Tjf...

Thanks for watching guys πŸ’
πŸŽ“ Join my online academy https://academy.ivanontech.com
πŸ“£ Join Telegram channel https://t.me/joinchat/AAAAAE2xJE4l8xh...
🎀 If you would like me to speak at your conference, book me here: https://ivanontech.com
🍻 Join the crypto discussion forum - https://thecrypto.pub
πŸ“š Get my free e-book on Bitcoin and Blockchain - http://eepurl.com/c0hyc9 you will receive the book in your inbox once you sign up 
 
πŸ‘«πŸ‘­πŸ‘¬Social:
LinkedIn: http://linkedin.com/in/ivanliljeqvist/
Instagram: http://instagram.com/ivanontech/
Steemit: https://steemit.com/@ivanli
Facebook: http://facebook.com/ivanontech/
Exclusive email list: http://eepurl.com/c0hyc9
 
πŸ€‘ Buy cryptocurrencies: https://www.coinbase.com/join/529bab0...
 
πŸ’° Secure your Crypto with Hardware Wallets:
Ledger: https://www.ledgerwallet.com/r/4607
Trezor: https://trezor.io/?a=rvj3rqtje3ph
 
DISCLAIMER: This is NOT financial advice. This is just my opinions. I am not responsible for any investment decisions that you choose to make.
 
Ivan on Tech is all about cryptocurrencies and the technology behind  Bitcoin, Ethereum, Litecoin, Ripple, IOTA. We also cover Bitcoin price, altcoin price,  investing, analytics, diffenrent altcoins.
 
Ivan on Tech by Ivan Liljeqvist
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 309 others
πŸ‘Ž  ,
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vote details (375)
@arunchaubey21 ·
$1.10
Hey @ivanli great informative article. Would love to learn from you.. followed you and added you as a connection on LinkedIn.
πŸ‘  ,
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@azharihasansteem ·
![Screenshot_20180214-103956.png](https://steemitimages.com/DQmZDV1NgvfjC4Ys8WzWaouCYFjekmsdhVCnRSmuZXCG9vh/Screenshot_20180214-103956.png) gambar tangkap layar dari hp saya
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@baksi ·
thank you for the post, I like your information you are the best, I will support you and I will follow you))
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@beckymeep ·
I'm new to cryptocurrency so this was a very interesting read, Thanks!
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@beth147 ·
Hello  @ivanli. The explanation you gave on bitcoin lightening programme is  exclusively rich. Can you send me a link to join your cryptocurrency group. Thanks. Awesome post!!
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@biga3723 ·
The only worry I have with lightning network is how it’s predicated on participation by many people/nodes. With the increase in fees and slower speed over past year or so, most people have moved away from BTC as a daily payment method and as everyday we get more coins that can do the same or faster and cheaper transactions, I think lightning will find tough competition.
 At the same time, no other coin has the name recognition that bitcoin has, and with so many new people entering crypto space, putting out the lightning as soon as possible will probably be best because the new people will be able to use bitcoin for daily payments which for most noobs will likely be the only coin they have even heard of prior to entering crypto.
πŸ‘  
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vote details (1)
@bitcoinflood ·
$0.97
I heard from the developers you should not be using it as of yet its not ready.
πŸ‘  
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vote details (1)
@blockchain-group ·
# Follow Blockchain-Group on Steemit.com !
-> https://steemit.com/@blockchain-group
http://number13.in/wp-content/uploads/2017/08/Number13Blockchain.gif
### Latest Post
##### Trade Recommendation: STEEM
-> https://steemit.com/steem/@blockchain-group/trade-recommendation-steem
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-> https://steemit.com/bitcoin/@blockchain-group/austrian-bitcoin-scam-10-000-victims-lose-12-000-btc-usd115-million
##### Coincheck Exchange Sees $373 Million Withdrawn in One Day
-> https://steemit.com/cryptocurrency/@blockchain-group/coincheck-exchange-sees-usd373-million-withdrawn-in-one-day
πŸ‘  
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vote details (1)
@chris.perrotta ·
How long is estimated until lightning network will be used? Because it seems like it is still very far away.
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@cloudbuster · (edited)
$1.23
I didn't watch your video or read anything on your post. Can I have an up-vote please? Thanks.
πŸ‘  , , , ,
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vote details (5)
@dandays ·
Is this part of the Sunday morning funny’s? Lol
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@olsm ·
Haha, this is classic :D
πŸ‘  
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vote details (1)
@coinsity ·
$0.58
I explained how to make money with Lightning Network nodes, in this article.
https://steemit.com/lightning/@coinsity/a-guide-to-make-money-with-bitcoin-lightning-network-nodes
πŸ‘  
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vote details (1)
@creaperlost ·
Great video Ivan.Really interesting and with great detail!
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@crypto-n-custard ·
$0.91
Hey Ivan... Great video... thank you... I can almost imagine the day when we paying for coffees and donuts with bitcoin... #excited :)
πŸ‘  
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@cryptobroye ·
Fantastic article! I've followed and up-voted your post i look forward to your future content!

For info and technical and fundamental analysis of Crypto's, an insight into how the whales manipulate the market and how to get involved in an exciting 12 month millionaire challenge we've recently started, check out @cryptobroye :)
πŸ‘  
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@cryptogrizz ·
thanks - very interested - keep us informed
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@darwinn ·
I want to try this one. Nice one. Thanks for this information bru. ☺️
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@davidallenjones ·
$0.99
I knew that you would end up putting this type of video together. Thanks and much appreciated. I actually understand this stuff now. Not bad for someone who had no idea what all this stuff was about 2 months ago. Yaay for me. Keep the good stuff coming please.
πŸ‘  
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@dizzynet ·
$1.18
Informative video but there is still the problem of price volatility, which means merchants will charge a high percentage to cover for the risk but will keep an eye on this though I must confess I would rather buy coffee with cash, 10 years from now I dont want to be that guy that bought pizza with 10,000 bitcoins  haha.
πŸ‘  
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@silentscreamer ·
Bitcoin as a currency can be used only if it hits crazy numbers like 1000000 USD. Then the volatility will be gone completely. Youll buy coffee with satoshi.
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@farazali1850 ·
$0.94
Very good network
πŸ‘  ,
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vote details (2)
@gangas ·
$0.90
Hi Ivan , we are really glad for this update . Hoping more updates regarding Bitcoin Lightning network. Great work , keep going. Thanks.
πŸ‘  ,
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vote details (2)
@gangas ·
Sincerely speaking @ivanli, this is an awesome post. Any body want to advance in crypto knowledge should follow @ivanli. I could not hesitate join thesse links , upvote and resteem this post.
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@gopal143 ·
The majority of my holdings are now in Bitcoin Cash.The bitcoin community is a great relief to several questions about bitcoin.

nice post...
i upvoted your post 100% please upvote me.
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@hemantkr10 ·
Amazing
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@ilhammaulana · (edited)
very good yes
πŸ‘  
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vote details (1)
@introvertspeaks ·
$1.08
But the big question is: **what will happen when all of the BTC supply were all mined**?

Anyway, here's my take on the current situation of [Bitcoin being a bubble](https://steemit.com/bitcoin/@introvertspeaks/the-case-for-bitcoin-a-necessary-bubble) and how we should react to it.
πŸ‘  ,
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vote details (2)
@izge ·
$0.89
You guys are doing a good Jon.keep it up while we try to catch up with the innovations.
πŸ‘  
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@jerry815 ·
Insightful & revealing read.
But what's the downside of the lighting network?
As i am convinced it's not all positive...
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@juancarlosv ·
Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.
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@juancarlosv ·
Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.
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@justanopinion · (edited)
wow  It's so nice,  finally something goes well, @ivanli !   By the way does it tie up the parties Bitcoins until they finalize the transaction?

And thanks for the detail and including the extra videos as well.
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@justinpeyton ·
Whatever happened to that blond chick in your video on YouTube that was staring you up and down πŸ˜‚πŸ˜‚
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@knircky ·
Thx
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@mabiaafrin ·
Your link is very good.It spreads our knowledge.
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@mafi001 ·
very important video for us..
thank you for shareing.
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@maheshmnj ·
thanks I actually heard about this week ago and finally I came to know what it is all about, Lightning network will help users switch to crypto due to its lightning speed hope we get to see some more user friendly development with this network so that we can have  enough people using this technology.
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@max-infeld ·
$0.88
Buy art with btc  lightning: www.lightning.lighting
πŸ‘  
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vote details (1)
@biga3723 ·
That link doesn’t do go anywhere, you may want to check it.
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@me-x · (edited)
Video not working... fail post. I'm sorry. Still thanks to my upvoters god bless you.
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@mino.gris ·
When do you think all exchanges and wallets will use this lighting network technology?
Also, when it will be ready for people to use it easily?

If that happened, I duess that will effect positively on the price and many people around the world will come and join the crypto industry
πŸ‘  
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vote details (1)
@missrdx ·
Very good post.
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@mooe · (edited)
$0.09
Essential info. Thank you!
πŸ‘  , ,
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vote details (3)
@nikethemutt ·
$0.58
So basically, I can be tracked where ever I am.
πŸ‘  
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vote details (1)
@novacadian ·
Appreciate this update on the Lightning Network, @ivanli.  Curiousity has already killed a few of my cats. 😎
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@olsm ·
$2.75
Lightning network is not what I signed up for when I first invested in Bitcoin and other cryptocurrencies in 2013. That you are both for lightning network and steem at the same time is very odd to me. Bitcoin was made to fight the banks, but now it is becoming modern banking system. This is not going to work out. Since the end of last year I do not own a single Bitcoin. The majority of my holdings are now in Bitcoin Cash. Lets see what happens when BitPay adds Bitcoin Cash. Do not say I did not told you so.
πŸ‘  , , , , , , , , , , ,
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vote details (12)
@androidmaster · (edited)
Recently i've read an article regarding this that some major bit coin holder transffered his all coins into BCH and said that BCH is future. Now your comment is also proving it true.
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@bitcointip ·
https://steemitimages.com/0x0/https://memegenerator.net/img/instances/500x/58431576/give-that-man-an-upvote.jpg
πŸ‘  
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vote details (1)
@kalibu ·
done
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@dandays ·
BitPay added BCH about a month ago. πŸ€” Seems it remains about 80% less than Bitcoin.
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@olsm · (edited)
No, they did not add Bitcoin Cash. I am speaking about BitPay for merchants obviously, not the wallet. The main thing that made cryptocurrencies popular and the Bitcoin have the price it has today, is the market effect and positive reinforcement loop of merchant adoption and users.
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@matrixxx ·
Lightning Network is only for **MICROPAYMENTS**, not for big. It can be decentralized, if would be for bigger payments.
πŸ‘  
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vote details (1)
@ssjsasha ·
$0.32
Sir...You are clearly misunderstand lightning network....
If you care about bitcoin you should watch this video in full and educate yourself my friend 

The video is called Bitcoin Q&A: Misconceptions about Lightning Network
https://www.youtube.com/watch?v=c4TjfaLgzj4
πŸ‘  ,
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vote details (2)
@cryptosucht ·
Free coins???? here https://indx.co.in/register?ref=85348503
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@olsm ·
$0.48
I have good skills in both programming and economics, which makes me a wealthy guy. I am also a merchant, a user and a trader of cryptocurrencies. You can chose to beleive me or not, but I never say something with certainty without being certain.

Now, Andreas Antonopolous is one person I was very proud of in the past, and he also had the same views as me. Recently he has changed his opinion on many things and teach people the opposite of what he did before. For me he looks like he has been bought. Now, it is also relevant to mention he did not have much investment in this wonderful bitcoin that he so deeply beleive in.

If you want to educate yourself, this is a video I recommend to common people:
https://www.youtube.com/watch?v=UYHFrf5ci_g
πŸ‘  , , , , , , , ,
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vote details (9)
@xsid · (edited)
Have a look at this article. It features some videos that dispel some fears around LN: 
https://steemit.com/bitcoin/@xsid/the-lightning-network-is-real-and-it-s-almost-ready
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@zoidsoft ·
So far I haven't seen any KYC code in LN.  Please [let me know if you find any](https://steemit.com/bitcoin/@zoidsoft/bitcoin-conspiracy-theories-how-authority-wins-by-working-on-your-prejudices)
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@petrovych ·
Bitcoin is a remarkable achievement in the field of cryptography, and its ability to create something that can not be duplicated (faked) in the digital world is of great importance.
πŸ‘Ž  
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@raistlin908 ·
Thanks for the information. I learn several new things a day on steemit and I love it!
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@reewy ·
I just followed you cause your posts seems to be informative post you can find similar crypto news on my steemit that might be productive for you too...
@reewy
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@robsternl ·
good post
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@safetony ·
![](https://steemitimages.com/DQmV4RAekjc387cSnaZvjPBAPMta4Bxhmc2wTkBNpB53Gzg/image.png)

https://p2sh.info/dashboard/db/lightning-network?orgId=1
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@sanjib ·
WoW! great information this post.
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@seniorman8484 ·
Nice concept ivanli!!the world is really moving into cryptocurrency and i strongly believe that you are gonna make a great impact in it!
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@biga3723 ·
Just FYI, 
The lightning network isn’t Ivan’s concept
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@shahaan ·
believe with this Bitcoin is only going to rock.. the network will become faster and faster which is actually very slow during the transactions. No pressure on blockchain... This is rocking thing.. thanx man
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@shahran7 ·
Bitcoin being a decentralized currency working Peer to Peer , If lightning network is succeeded , it cannot be reverse engineered
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@shinejean ·
$1.06
Life made simpler with bitcoin so interesting that one doesnt need to move with solid cash i just love technology. Steemit for you to leran indeed
πŸ‘  ,
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vote details (2)
@showboybeezy ·
$1.01
The currency of the globe
This is amazing bro
Nice thoughts
πŸ‘  
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vote details (1)
@skycornish ·
$0.17
I prefer Bitcoin Cash...the real BitcoiN?
πŸ‘  
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vote details (1)
@smallstepschange ·
$1.17
Hey Ivan, thanks for explaining lightning network! Looking forward to watching your video! 
CU,
Chris
πŸ‘  , ,
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vote details (3)
@smallstepschange ·
$0.02
Suddenly, I have a strong urge for delicious blockachinoβ˜•β˜•!  πŸ€£πŸ‘Œ πŸ‘
P.S.: Your video works fine, but the video "Andreas Lightning Network Centralized?" does not work.
πŸ‘  ,
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vote details (2)
@son-of-satire ·
https://www.youtube.com/watch?v=UYHFrf5ci_g
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@stackin ·
Are you ever going to talk about Steem on your channel? Just sayin πŸ˜€
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@ivanli ·
$0.02
did this morning :)
πŸ‘  
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vote details (1)
@stackin ·
Really, going to check it out :)
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@steemero · (edited)
$1.07
Your explanation is impressive. Continue your good work.  Cheers!!
πŸ‘  , , ,
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vote details (4)
@street.yoga ·
The real problem with using the lightning network on mainnet is that it is not quite ready yet but people already using it in the hope to accelerate deployment, while in fact they stall development because the small team of 10 developers has to work additionaly on backward compatibility then.
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@suf1an ·
$2.28
Thank God, finally something good came out of bitcoin community after some long time.
You know what, my very biggest concern about bitcoin recently was how we are going to adopt it and start using it on mass level when we can't buy a burger at Mc'Donalds when we have to wait for 30 minutes.
πŸ‘  , , , , ,
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vote details (6)
@dhamtex ·
@ivanli, thanks for this awesome video,  the lightning network is now clear to me, i used to have a great difficulty understanding this in the past but all is clear right now. The bitcoin community is a great relief to several questions about bitcoin.

Thanks man.
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@gopal143 ·
good comment ...good support
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@olsm ·
$0.03
You can thank Blockstream for making you wait 30 minutes at MC Donald. If they did not take over development of Bitcoin and force a redicilous 1 MB blocks size limit, you would be waiting only 5 seconds from making your payment til you would get that burger.
πŸ‘  
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vote details (1)
@suf1an ·
Yeah that is so true.
But now community is thinking to make it better so I am happy. At least something is better than nothing.
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@sugarboy ·
$0.03
Hi Ivan !

Thank you so much for showing how to set up a node.
πŸ‘  
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vote details (1)
@tasauver ·
$0.77
If lightning network suceeds, then Bitcoin could become faster and most importantly cheaper to use. It can result in huge number of transactions without actually stressing the Bitcoin block chain. This would be seriously amazing
πŸ‘  
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vote details (1)
@thaicryptokitty ·
$1.03
Hey Ivan. Thank you for this in depth explanation. I am not sure about all of the terms because I am really new to all of this but I do get the concepts and am learning more. I have also followed you to keep updated.
πŸ‘  
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vote details (1)
@tobleron ·
Thank you Ivan for your time and information. However, kindly note that I will not upvote because I disagree with the banner you used under your video. It is a highly distracting visual noise.  One of the reasons I loved steemit is the lack of visual ad noise. You do not need to use subliminal autosuggestion to promote your content and get more upvotes. All you need to do is create valuable content and people will appreciate it because they loved it not because of the consistent suggestion.

If many users did the same, steemit content will not look good. Remember, at the end of the day steemit is a revolution in value and content sharing. Lets keep our content pure and worthy.
πŸ‘  
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vote details (1)
@toma007 ·
best wishes forBitcoin Lightning Network
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@tradingroom ·
Litecoin looking great!
πŸ‘  
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@vikisecrets ·
Lighting can solve two fundamental problems of Bitcoin. First, scaling, because not every coffee transaction needs to be recorded on the blockchain forever, and secondly, transaction fees, because off-chain transactions will be far cheaper and instant.
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@wealth4good ·
@ivanli - very interesting topic as always.  **Lightning network enabled wallets and nodes**, brings up a lot of potential & opportunity.  But is this without risk?  I would say no, there is always market risk based on the cryptocurrency you have in the wallet and also the crypto that is traded.

There is also some currency exchange risk, because if you are a US-based lightning network user & want to get your bitcoin exchanged for dollars- and the dollar has risen against your crypto, then you'll have to exchange more bitcoin for your dollars.  This is something to investigate for sure. Nice work on this post... upvoted!
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@yassine04 ·
$0.06
impressive
πŸ‘  
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vote details (1)
@young-cs ·
HALLO BUDDY STEEMIANS !! (Senior who already succeeded in steemit).
Β Β Β This is my post in an opportunity to introduce 
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My name is young cs, old 22 years.
For now I am a student. I studied Telecommunication Engineering.
  And Hope I join this steemit is, to add relationships, experiences and spread benefits.
Β I hope the steemian friend will direct and guide me in working in this steemit.
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>So many of my introductions, greetings to all steemians friends and wish us all to be successful.
Β Thank you..!

<Follow me @young-cs
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@zukka ·
medium blog link is broken. Here is the right link: : https://medium.com/@jadmubaslat/bitcoin-lightning-network-node-easy-setup-tutorial-for-windows-desktop-users-a-how-to-guide-9937b5a8a669
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