So #lightning peeps. I guess I'm looking at looping as a way to lease some liquidity from on-chain funds since I can't afford to open proper sized channels? Because I have no channels to start with I can't lease any liquidity from something like lnserver yet. Any suggestions?
nostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq36amnwvaz7tmwdaehgu3wvf5hgcm0d9hx2u3wwdhkx6tpdshsqgxnq5k28c74ywc7eqr8r6cmhgz30gh4ytse2audeq7aqw5dsjshpcndslud if you have any thought's that'd be swell!
Hmmmm... Thinking about leasing liquidity from a cashu mint. Putting my thinking cap on... What is your use case?
Cashu stuff it still over my head. Sunken cost on getting my node to work at this point I think. I just want to send and receive from plebs. I also want it to happen on my own servers. I don't have a smartphone so my options are limited for server based "wallets" See my other note for details on my situation nostr:nevent1qvzqqqqqqypzqqm9x092su3hd9rdfe8aafxp5pzpak3cegkem9qhhvmqqm96406cqythwumn8ghj7un9d3shjtnwdaehgu3wvfskuep0qywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uqzq326z60ty967snf23eumhqmu50hfmr52ngdl0ry3zaemqshlhjl2sg80w2
Still thinking on this. I see Cashu mints as a low cost liquidity provider. I proved that to myself with the payment system I built. Now thinking how I could provide liquidity in exchange for some collateral.
i pay like 10ksat per month to rent a LN node from alby, so about $3-4 there are channel peers you can use that allow you to make channels as low as 100,000 sats, which is like $70 you can run this on your own VPS, also, but you are probably going to end up paying the same and they are experts in deploying to their own rented VPS infrastructure
Well I already have the machines, my node is finally up, and it doesn't cost me any more to run than the rest of my services :/ I'm thinking a good single 500k sat channel would be enough for a little while and maybe 1m sat in the near future?
you really need two channels, one you fully pay, the other you pay a fee (typically about 20ksat) one will receive, the other you can send with, and as they progress they balance and as i said, you can open 100k channels, there are channel peers that allow this, i'd suggest doing a 200 and 300k out and in for your case
Https://amboss.space/magma
So it looks like I need to purchase credits or existing LN funds to open? I currently have no channels so I can't send any LN at the moment. It looks like they're facilitating liquidity advertisements?
If you can't pay a lightning invoice then you'll have to buy credits. You can pay with another lightning wallet if you have one. Magma is a central marketplace for buying liquidity and channels to your lightning node.
I can't get a lightning wallet if I can't get a lightning wallet :)
Use https://BancoLibre.com and referral code "fire" and you'll then be lightning compatible.
Are you looking to send and receive equally, mostly send or mostly receive?
Probably more receive than send for software donations, although I'd like to be able to make some reasonable purchases here and there. I suppose I can do that when I can afford larger channels.
its tricky, I'm still getting my head around it... paid 16k sats to Megalith for them to open a 1mil sat channel with me and I'm hoping to be able to reuse this indefinitely by looping out through strike as they have free onchain withdrawals
Good to know! That kind of what I was thinking. So I don't have any custodial wallets, because I haven't found any that I can just jump into from a web browser without KYC. It's either mobile, or kyc, both, or broken, so figured my own node was the way.
there is also https://lightningnetwork.plus but it is not always clear what each node will accept as a minimum channel size and if they are bad at keeping their channels balanced you may find yourself cut off from the wider network
happy to open a channel to you if you DM me your node address
dms no workey yet :/ But if I get them working soon I will send you a message. I think I still have to fix my public load balancers. Would you know of any way to test that my node is communicating correctly from the outside? https://www.vaughnnugent.com/resources/software/modules/NVault
any other way of contacting me is fine too (see https://github.com/laanwj), doesn't have to be DM here 😀 no, i don't know any way to figure out if a lightning node is connectable, except connecting to it from another node-or maybe simply checking the address+port is reachable using `nc -v` or such there may be websites that try it for you and report, maybe amboss.space or other lightning explorers, but not sure
Awesome thank you! Yeah I was just poking with telnet and other public nodes to see if I could at least replicate connections. I haven't found any services that seem to offer testing like that. I'll have to keep poking!
oh sure telnet works too, suggested nc because it can also connect to Tor addresses (using `-x 127.0.0.1:9050`) and telnet isn't that commonly installed anymore 😀
Old school :) I'm just on clearnet for now, my load balancer IPS are public so I'm not too worried about tor yet unless I need to start worrying about my ISP. I'm not even sure I set my node up to connect over tor correctly yet. Between us, only my servers are on bleeding edge distros/updates ;)
what kind of load balancing setup are you using for lightning ? i didn't know that was even a thing
For lighting it's not load balancing, just traffic forwarding from my public IPS. But I assume larger nodes have to be doing something more than a single instance :)
well, yes, LSPs and lightning payment providers handling tons of payments tend to have elaborate routing setups and multiple lightning nodes they load balance over, but maybe a bit early to worry about if you're just getting started 😀 anyhow, happy to help test connectivity, just let me know once you get there
I'm always on the lookout for enterprise solutions to simple problems XD Yeah thanks again!
If you care about privacy there is one more advanced setup: you create a node with all the connectivity, channels, etc. then you create a private node with one private channel to your "public" node. But give your strugle with funding your channels it's probably not for you, tho...
I don't think it's possible. You can't run the same node in multiple instances. ever. That would lead to forced closes of all channels if there was a slightest difference in their state.
right ! it can't be done by simply running multiple lightning nodes with the same key, that would become a mess some lightning software (Eclair, for example) can be explicitly configured to split a node over multiple servers i don't remember exactly and couldnt find the details yesterday but there are also some approaches possible where the last hop is virtual
hmm, virtual hops, interesting. never heard of it. Thank!