Comment by bellw0od on 06/01/2018 at 17:12 UTC

8 upvotes, 1 direct replies (showing 1)

View submission: ⚡ Lightning Network Megathread ⚡

I hope that someone is already working on a functional, user-friendly wallet. If the goal is to make Bitcoin ready for widespread adoption, that's just as important as the underlying tech.

I want to be able to do the following:

• "Load" a payment channel with any reasonable amount of Bitcoin, at any time, without needing to know or trust any counterparty
• Use that payment channel to transact seamlessly, cheaply, and quickly with any other Lightning Network user
• Export a complete history of all transactions for tax reporting purposes

That last point is crucial. Every single Bitcoin transaction that results in an exchange of value is subject to capital gains taxation. I want to be able to use Bitcoin for over-the-counter coffee purchases and the like, but I won't do it if I know it will lead to an accounting nightmare at the end of the year.

All of those things are possible in principle, right?

Replies

Comment by TheGreatMuffin at 06/01/2018 at 17:18 UTC

5 upvotes, 1 direct replies

Yes, there are already three functional (on testnet), user-friendly lightning wallets that I know of: Zap, Eclair and HTLC. You can already check them out (see the links in the OP) and give your feedback to the dev team. You'd be surprised how easy they are to use, at least I was! :) (If you are already a bitcoin user, otherwise it needs a little more time to navigate)