Blocktank

A Lightning Service Provider powering instant #bitcoin payments on @bitkitwallet. Made by @Synonym_to.

[Bitkit @bitkitwallet]

A sneak peek of what's to come. Stay tuned for an announcement coming later this week! 🤐

[Bitcoiner Jobs @BitcoinerJobs]

❗️Bitcoin Job Opportunity❗️
@Synonym_to is hiring a Marketing Manager!

Apply here 👇
https://t.co/0nUgkcB3Ps
Daily opportunities 👉🏼 @BitcoinerJobs.
#bitcoin #bitcoinerjobs

[Synonym @Synonym_to]

WE’RE HIRING! Synonym is looking for an experienced marketing professional excited to boost Bitcoin adoption.

This role offers a unique opportunity to work closely with Bitcoin-centric products across various brands and channels.

Apply to join our team:

https://t.co/VOdqZSCy6h

[Blocktank @blocktank]

Exciting news 🎉! The new Blocktank website is now live. Check it out: https://t.co/hS53tAVF6b

[Synonym @Synonym_to]

Exciting news: we're hiring a product designer!

Are you passionate about creating user-friendly Bitcoin products that are visually appealing?

Apply now at: https://t.co/v8vWCPIybk

[Bitkit @bitkitwallet]

₿ the game 🕹️

[Bitkit @bitkitwallet]

The new sats symbol, now on Bitkit:

[Bitfinex @bitfinex]

Curiosity piqued about the LSP spec group and Reza's (@r32a_) crucial role in shaping it?💡In our conversation with Reza from @synonym_to, we unveil the innovation driving Lightning Service Providers.

Dive into this discussion today!
https://t.co/lBKfQhGxri

[Bitkit @bitkitwallet]

Fast forward to today, the quest for a sats symbol is still ongoing.

Many symbol ideas faded in and out throughout the years, none reaching consensus. In this post, we'll go on an archeological journey to uncover why most ideas didn't get adopted:

https://t.co/iMaRzkgj5K

[Bitfinex @bitfinex]

In our latest Bitfinex Talks episode, Reza Bandegi (@r32a_), CTO of @synonym_to, delves into the intriguing world of Blocktank's Lightning Channel service and its integration with #Bitfinex.

Join us as we uncover the details 👇
https://t.co/lBKfQhGxri

[Bitkit @bitkitwallet]

We have a surprise announcement! 🎁

For #Bitcoin to be adopted globally, it needs to be as user-friendly as possible — even when it comes to seemingly minor details.

And there's one detail we've been missing for years: a unique and recognizable symbol for sats. 🧵

[Synonym @Synonym_to]

Learn more about our recent collaboration with @bitfinex in this podcast episode featuring our CTO:

[LN Markets @LNMarkets]

⚡InfoZap: Bitfinex Integrates Blocktank

@Synonym_to and @bitfinex partenered to bring a fully-fleshed Lightning Service Provider (LSP) to the OG exchange! You can now request a channel from Bitfinex to your node using Blocktank, an open source and customizable tool developed by Synonym that lets any business run their LSP with ease, while providing a modern interface for users.

This integration makes a lot of sense. After all, if you're buying your bitcoin on Bitfinex and withdrawing to your self-custodial solution (which you should), then you might as well get a Lightning channel directly on Bitfinex as well.

You'll pay a one-time set up fee, but then enjoy instant and cheap withdrawals and, since the channel is bidirectional, you'll also be able to pay others with Lightning. You can also request inbound liquidity for future receiving, which makes a lot of sense for businesses. All that with a real channel, where you have absolute control over your funds. Isn't it the whole purpose of Lightning after all?

There are, however, a few things to keep in mind:

* from what we could gather, you're not buying a direct node with Bitfinex, but rather a node with Synonym, which is itself connected to Bitfinex. In theory this is interesting privacy-wise, but it comes at the expense of additional routing fees when withdrawing or depositing to and from Bitfinex;

* buying a channel through Bitfinex is probably not as private as buying through other means (such as Blocktank directly for example), as it is tied to your Bitfinex account.

In other words, this is a prime example of the kind of compromises users have to consider between ease of use, privacy, and resilience. On-ramp such as Bitfinex becoming LSPs is a huge gain for self-custodial Lightning, since it makes it easier to withdraw though Lightning and later use the same channel for your daily expenses.

The alternative would be for a user to get a Lightning channel from another service (such as @ambosstech' Magma marketplace, @lnbig_com, etc.), hope it is well connected to Bitfinex, and then try to withdraw their sats through Lightning. Here you have everything in the same place, accessible in a few clicks, and I expect things to become more and more abstracted and transparent for the user, as Bitcoin and Lightning mature. After all, who needs to know what a channel is?

[Bitfinex @bitfinex]

⚡You can now customize and buy your own Lightning Channel directly on the Bitfinex platform!

Get ready to receive and send money at the speed of light 🙌

Learn how to unlock the power of #financialfreedom in the Internet of Money ✅
https://t.co/OHjN5gHWE6

[Bitkit @bitkitwallet]

We’ve recently released our largest update ever. Today, we are fixing more bugs and adding new features. Here's what's new: 🧵

[Synonym @Synonym_to]

Getting Lightning channels from @blocktank within @bitfinex is easy. Take a look:

[Synonym @Synonym_to]

Exciting news! You can now get Lightning channels from @blocktank within your @bitfinex account.

We've joined forces to provide you with one more way to onboard to the Lightning Network in a sovereign manner.

Read on to discover more about our latest integration:

[Synonym @Synonym_to]

The early days of Lightning may have been characterized by recklessness, but as new solutions are developed, it is becoming increasingly reliable. As the network matures, now is a good time to reflect on its history in this post by @BitcoinErrorLog:

https://t.co/OpsUCzVBHs

[Synonym @Synonym_to]

It's 2024. Spot #Bitcoin ETFs are being negotiated, but many exchanges have yet to integrate Lightning. It's time!

https://t.co/MnV89QT6Nn

[Synonym @Synonym_to]

The pioneering exchange to integrate Lightning was @bitfinex, and their impact goes far beyond that.

Discover how @bitfinex has influenced and shaped the Lightning Network to this day:

https://t.co/ST0txzSisk