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Q&A with Casa

Casa - Nick Neuman (Head of Product), Michael Borglin (Lightning Engineer), and Thomas Connors (Lightning Engineer) - will be answering questions on Thursday, September 13th at 11:00AM PST.

Casa is the best personal key system on the planet. It recently announced the Casa Node, the easiest way to access the Lightning Network and run a full Bitcoin node. Its backers include Lerer Hippeau, Blockstack, Precursor Ventures, and Boost VC.

https://keys.casa/lightning-bitcoin-node/

posted 2 months ago

with or if you'd like to join the discussion.
soona
What are the benefits of running a Lightning Node?
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Michael Borglin
@soonaorlater

Running a lightning node gives you access to the lightning network. The lightning network allows people to spend their crypto (just bitcoin today) faster and cheaper today. Remember how high the fees were at the end of 2017? Lightning payments are not affected by on chain fees.

Running the Casa Node keeps fees low and transactions fast, but it also allows you to collect fees by routing other people's payments. You just deposit BTC into the node and it decides how to create channels to best connect you to the lightning network. We are working really hard to make this the easiest way to experience lightning.

- Casa Lightning
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Brian Kim (김준철)
Nick - What is your target market today? What will it look like in six months? A year?
Michael/Thomas - Do you have any advice for those who want to get involved with LN dev?
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Tom
@brianjckim

If you wish to become involved in LN development, first you must invent the universe.

Just kidding, LN development is not as intimidating as it sounds. For me the best way was to
dive directly into code and guides; LND's Github is publicly visible. Checkout the source and
PRs (also the issues). Additionally, I recommend subscribing to the Lightning Dev mailing list
and joining the Lightning Labs community slack.

Mailing List: https://lists.linuxfoundation.org/mailman/listinfo/lightning-dev
Community Slack: https://lightningcommunity.slack.com/
LND Github: https://github.com/lightningnetwork
LND Guides: https://dev.lightning.community/guides/

- Casa Lightning
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Nick Neuman
@brianjckim

Our first product at Casa was our 3-of-5 multisig Bitcoin wallet. The target market is high net worth HODLers, who had few good, non-custodial options for storing their Bitcoin. These are people who would lose a significant amount of their net worth if they lost or were robbed of their BTC.

We then released the Casa Node, which allows users to run a full Bitcoin and Lightning Network Node wrapped in one device, with zero coding required. The Casa Node was made for anyone interested in using Lightning, not just high net worth individuals.

Over the next six months to a year, we plan to continue taking what we’ve learned from our initial products, and build amazing solutions for a much larger audience. We believe key management will be critical to enabling individual financial sovereignty and security, and we want to give everyone the products they need to safely manage their personal wealth.
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Sam Campbell
What are the biggest challenges facing Casa and LN adoption? What does Casa look like if everything goes right?
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Nick Neuman
@campbellcapital

The biggest challenge facing the industry as a whole is building end-user experiences that make crypto accessible to everyday people. The Lightning Network is an incredibly complex system, and most of that complexity has to be abstracted away if the average user is going to adopt it as a payment system. People are used to paying for things by swiping a card or tapping a button in a payment app. Until we can make using the Lightning Network that simple, we won’t see massive adoption. We’re taking a big step in that direction with the Casa Node, and we’ll continue to improve and work toward that goal over time.



If everything goes right, we’ve helped enable a future where people are truly sovereign over their own wealth, data, and personal lives. And where they don’t have to give up their privacy & security in the name of convenience.
1
Sam Campbell
@Nneuman Thanks!
1
jonathanmarcus
Hello! Is the expectation that hardware wallets such as Ledger or Trezor will incorporate native support for Lightning? Are there technical / stability / performance thresholds the Lightning network needs to achieve / demonstrate before hardware wallets will support Lightning?
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Michael Borglin
@jonathanmarcus

We expect that Ledger and Trezor will figure out a way to incorporate themselves into the lightning network at some point. It'll be hard for them to directly integrate today because lightning clients need direct access to the private keys and I don't think they support that right now.

- Casa Lightning
1
Jameson Lopp
@jonathanmarcus I have heard in passing that hardware key manager companies are looking into LN support but don't know the details around what it will look like to the end user.
1
jonathanmarcus
@MichaelBorglin @lopp Thanks Michael and Jameson!
0
Michael Brune-Waelser
Can we expect to see more node-in-a-box products?
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Jameson Lopp
@michaelbrne The general plan is to continue making the Casa node management software more flexible so that users can choose which services they want to run. And of course, over time the hardware will also be upgraded in order to run more intensive services.
0
Nick Neuman
We're excited to be here and answering some questions! Thanks Soona and Brian for setting this up!
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Michael Borglin
Excited to talk about the Casa Node today!

- Casa Lightning
0
jonathanmarcus
Is it possible to earn money from running the Casa Lightning node? Similarly, is it possible to lose money by providing liquidity?
0
Jameson Lopp
@jonathanmarcus If you're routing LN payments then you can collect fees, though at the moment they will be quite small. This is one of the big unknowns with LN - once it becomes quite popular, how will the reward of staking your BTC to provide liquidity end up relative to the risk of operating a hot wallet?
1
jonathanmarcus
@jlopp Thanks Jameson!
0
David Meck
I just bought a Casa Node, looking forward to using it in December. How do you connect to other lightning nodes using the Casa Hold node. Any tips or strategies for opening channels that are profitable?
0
Michael Borglin
@SatoshiFuture

We have a web interface that allows you to create channels easily. Just copy in a lightning node address or scan a QR code like you are used to with bitcoin. Opening channels that are profitable is another story. We offer LND's autopilot for creating channels. The biggest tip I would say is to create many small channels (< $30) and have as many channels as possible. If you want to manually find nodes and create channels, try using a lightning explorer like, https://1ml.com/ or https://lnmainnet.gaben.win/.

In the future, I imagine there will be several competing autopilots strategies. I'm hoping a marketplace will develop where you will be able to plug in different strategies. Maybe you can make one!

- Casa Lightning
0
David Meck
@MichaelBorglin Thanks!
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David Meck
What are the monthly electricity costs (estimate) of running a Casa Node?
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Michael Borglin
@SatoshiFuture

We estimate the costs to be less than one dollar per month, so you shouldn't even notice a difference!

- Casa Lightning
0
David Meck
@MichaelBorglin Awesome, Thanks Michael!
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Nick Neuman
@soonaorlater Thanks for having us on today! We're going to get back to work, Nodes don't ship themselves 😉. We'll check back later and answer any late questions that come in.

Thanks everyone for the questions, feel free to hit us up on Twitter @CasaHODL as well!
0
soona
@Nneuman 🎉
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