Damus
Open in Damus
mike · 16w
The 100,000 Sats state "on-chain" which means not a lightning transaction, but a main chain transaction to anybody (including yourself)
 Michael of St. Joseph 🔏 profile picture
Michael of St. Joseph 🔏 @Michael of St. Joseph 🔏
Ohhhhhhhh. So I can lightning myself 100k to my Satoshi wallet, then I can mainchain it back to myself? That's freaking weird. I guess I'm still figuring out this lightning stuff. I'm not sure if this is an idiosyncrasy of Lightning or just how Wallet of Satoshi does verification for their domain service or something. Huh.
3
mike · 16w
Yes, I think that would work. But maybe better if you send it as 10 x 10K Sats Lightning so you meet the other criteria at the same time.
Wallet of Satoshi · 16w
Hi Michael, yeah its just a (low) barrier to prevent someone from spinning up a thousand wallets and squatting all the good custom names. It's a "proof of work" in a way.