Is it common to require 1 million + SATs to open a lightning channel? That seems to be the minimum I see. That is not accessible for most people.
I don't know anything about e cash or any other alternatives, but perhaps they address this?
It would be great if nodes could be created without needing so many SATs.
I'm an idiot though, so I may just be confused.
#asknostr
The cost of sovereignty is high.
Plebian nodes should allow lesser amounts. Cc: @The Nodestrich ♾️
Common for public routing nodes but you can do less with LSPs like Phoenix or nostr:nprofile1qqsrf5h4ya83jk8u6t9jgc76h6kalz3plp9vusjpm2ygqgalqhxgp9gpz4mhxue69uhhyetvv9ujumt0wd68ytnsw43qzrthwden5te0dehhxtnvdakqz8thwden5te0dehhxarj94c82c3wwajkcmr0wfjx2u3wdejhgjaa6xr
Ecash does address this but it is also much more trust based. Lot of trade ofs for micro transactions.
I'd personally reccomend most users get a minimum 1M sat channel with a trustworthy and reliable peer if you want to use self sovereign lightning.
Otherwise, ECash or even a custodial service works better for small payments. Just made sure you can withdraw on-chain if needed.
Love Phoenix
could never get Zeus to work tho.
not that I tried very hard.
Hope you give us another shot!
Zeus connected to MyNode is seamless with NOSTR.
These dudes named Evan and Darth are in their Telegram 24/7 and are super helpful if you need help/tips/advice
Order 2m from @LNServer for about 5000 sats.
Does that mean 2m in liquidity or me ponying up the 2 mil?
2m of incoming liquidity. You can also add outgoing liquidity
I opened one with 50 bucks in btc .
Most require $100 and more
ecash is different. you send them SATs and they deal with all the LN stuff on the backend.
its custodial though so always the possibility they could rug you.
but better for people who just want to fuck around with small amounts on LN.
So much going on in the land of BTC
No, I've never seen this. Try opening a channel with someone else. I opened one with a mere 10k sats.
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