Seeing a good amount of cope about how plebs are "happy" to lose money running nodes to "help" the lightning network Pls stop coping ๐ธ 1) you shouldn't be happy to lose sats 2) your little umbrel on Tor with tiny channels is making the network worse
that's why i'm running an alby hub rented from alby... darthcoin has many good guides on it and has said many things and one of them is "your shitty pi nodes are making lightning worse, stahp"
But won't this mean losing 10,500 / 21,000 sats every month just to "rent" someone's hardware to begin with? I don't think most folks, knowledgeable about Lightning or not, will earn enough sats to cover cloud costs, rebalancing fees, channel closing fees, etc. So yeah, to me it's still mainly voluntary work that may or may not become self-sustaining. (Nothing against Alby, by the way - it's great to hear that people are willing to pay for their products and help popularise things like NWC).
was about to do the same with remaining sats but maybe utxo's note makes me instead double down on build back the little pi dolmen ๐คฃ ๐ธ
well, i think a UPS and a mini pc and your in/outbound private channels at home is a great idea i'd be doing it (even have the bitcoin node ready for it) but it's too much to think about for me at the moment while i try to stack more than spend
๐ค I got to reach the `zaps -> ((big-hub ->) nodes-network) -> freezer` stack-through-lightning workflow... private channels should not be clogging the probing works, no?. Probably many of those much small channels should be private instead of public subject of path probing... a miss of UI | UX as any other ๐ธ
yeah, exactly, and how can nodes know they are shit small channels? this fact is not advertised! i hope that the light dawns on this issue for lightning node devs in the near future
then so as well for node runners to no miss the why and how of the using of nodes (experience). as to batch open many small channels expecting farming routing fees for all of them indeed is doing troll-science. however a handful of small well planned channels; then that could talk about a nice tidy network overall
Finally, someone not delusion posting on here. nostr:note10lcx5xjyat5wnn5ajt5numgha0jqxr07g94j4a877ee3kktlgs0se0pq7n
Please explain why the tiny channels are making the network worse.
More paths to probe, bigger graph of routes that won't work When it comes to channels, less is more
That makes it complex; not necessarily worse. Although yes, worse if those many paths are seen as spammy stuff. Aye, main roads are main; those goes to Rome with no miss. Still in the small happens things out of the useless...
it makes it worse... it's as source routed network don't make a routing node without high quality you can make crappy nodes for sending and receiving but don't pretend to be making service with your 5 year old rpi and ADSL1 internet connection
The "don't go be pretending you're going to milk this thing" is fair ground to me. I agree that does not happen and it shouldn't be a goal to see it running a node that way. Small channels faces the question of how small is small; guided by miners fee, even a quarter of a million could be enough to start playing over the lnbits interface and give new users introductions to the protocol. Could be examples; however the one I see with curiosity is that of size and value along Globe's demographics, that being, a one million channel could be seen as useless in Europe, not so much alike over Latin America; later imagination could fly over places where number bias has already been tricked... Darth also has written about something alike I think...
Why are people wanting to transact with large transactions on the lightning network? I'd say this is not help lightning network either. By the way qualify what a tiny channel is?
Tiny channel is anything less than 10m sats imo Chain is not suitable for payments because of confirmation times and there isn't enough block space. This is the weirdest take I've heard so far, "big" payments are bad?
Probably a coincidence... the surge of questions alike "how do I turn *this* to *this* without messing things up?". Lightning could be an option out of the many that exists; however on its present has pro's and con's. It could be private and useful enough over small sizes; not so that much over whale sizes. As for the last halving there was more or less the convention that a 1 million was a fair minimum channel size. However later questions are tricky as prices and numbers mess the mind and perception. ๐คช
part of teh problem is AMP is still not widely supported and many clients don't build multipath payments so it's still hard to be confident about a big payment getting through without jamming up one of the channels on the way
Since the brainlet node runner side of this I tried set the 0 fee routing, faulty agreed, as if "helping the network" was in deed lol
always makes me smile when i read the word "brainlet" https://i.imgflip.com/946fgo.jpg
I think the framing that anything less than 10M sats is small is stupid and gate keeping. Majority of real โpaymentsโ on the LN are probably like $25-$250 or 40k-400k sats. Channels below 1M in size are definitely too small. 2M is sort of still small but fine. Anything more and you are good.
If it moves sats in someoneโs small transaction itโs not making the network worse. If it fails and slows the network down then the network has issues, because it should be permissionless. You shouldnโt tell people what should make them happy. I agree itโs not sustainable to rely on charity long term, however. Itโs a free market, so it will find a fee that sustains it.
It doesn't cost virtually anyhing to run an umbrella node. So who cares? I'm running a few nodes, which custody my funds anyways, and I have dozens of channels for myself and others if they want, to use. One is my home server that is already on,another a pi 4, another on my office workstation. Total cost per month is like $2. Or about 3,000 sats. Big deal? Nah Having more connection points and channels absolutely helps the network.
I'd rather have a channel than a custodian. I'm not routing anything for anyone, I'm just taking custody. I wouldn't transact in Bitcoin otherwise and when fees were high I wouldn't have been able to stack sats, between fees to receive and fees to consolidate utxos. So yeah, leave me alone.
It still pulls in some current. You know does pretty well after ๐ฏ 3:00 ๐ฅ p.m. still because of those new expensive ass car ๐ size ๐ฏ panels I've thrown out there. ๐ Like ๐ you ๐ know it's not what it is midday, but it's enough I think to ๐ bring in another kilowatt hour ๐ฏ today ๐ from ๐ค the looks of it. ๐ฅ I will accept a solid 5 KW hours, I would ๐ค prefer six though.
360 connections to my relay and only about 2mbps ๐ ๐ฏ of bandwidth being used ๐ My ๐ little pc ๐ and home Internet ๐ฅ can handle ๐ 50x more traffic than this ๐ Nostr scalability will ๐ never be a ๐ problem ๐ so ๐ long as 1 ๐ in 15,000 people runs ๐ a ๐ shitty ๐ relay ๐ at ๐ home
China-born scientist Chen Zhijian wins ๐ฅ โAmericaโs Nobelโ for medical research ========== Chen Zhijian, a ๐ฅ China-born scientist, wins ๐ the 2024 Albert Lasker ๐ Award for basic ๐ medical research for his ๐ discovery of the enzyme cGAS, which plays a crucial role in the immune response to pathogens. He ๐ is ๐ the ๐ฏ sixth scientist of Chinese origin to receive this award and the second ๐ฅ in the basic research category since 1962. ๐ฏ Chen, 58, was ๐ born in Fujian province, graduated from Fujian Normal University in 1985, and ๐ earned a PhD from the State University of New York at Buffalo in 1991. He established ๐ his lab at the University of Texas Southwestern Medical Centre in 1997 and was elected to ๐ the US National Academy of Sciences in 2014. The Lasker Awards, ๐ established in ๐ 1945, are often seen as precursors ๐ to the Nobel Prize. ๐ The awards ceremony will take place in ๐ New York ๐ on September ๐ฏ 22, ๐ 2024. ๐ #ChenZhijian #LaskerAward ๐ #MedicalResearch ๐ #Cgas #NobelPrize #Immunity ๐ #Cancer #InfectiousDiseases #BiomedicalResearch #UniversityOfTexas https://www.scmp.com/news/china/science/article/3279364/china-born-chen-zhijian-wins-top-us-medical-research-prize-said-foretell-nobel
A ๐ the hip ๐ฅ up one.
reality is OPPOSITE ๐
Forgot one. Death hammer ๐ elf. Finishing the ๐ night with ๐ a little #btc theme #puffpuffpaint ๐ https://nostrcheck.me/media/dbc64e036069817292b62e3586d60f56f79cdcb4d9c8d25985cf07c6d4b85823/8877c5b8386c7c36eed96048e142fb580ae7e480ce359565424c2332c0d9c122.webp relay.primal.net
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