Oddbean new post about login | logout Right, but I need to have the UTXOs available for the liquidity right
I’m still new to lightning and figuring it out so don’t take my word for it … but ive opened 3-5m channels for much less 🤷♂️
I think he is saying he wants channels smaller than that.
He said he doesn’t have that much laying around - sounds like assuming he has to pay that much to open that sort of channel size
That's jank if someone is charging them that much.
I'm saying I don't know what I'm doing, but running my own node, it looks like I must have the UTXOs available for the desired channel size, which makes sense, but I wonder how everyone else is doing it. I know I'm not the only one without $1k+ USD on hand to tie up per channel. So I must be doing something wrong
No, I think you're correct.
That I'm just poor, or doing something wrong? XD
Yeah I would have 5M channels minimum but 10M is better…you don’t need 10 channels just 2 or 3
Well the idea is to open a channel large enough to sustain usage. Lots of people want to have a decent size channel. Are RoF still a thing? We had user built out rings of liquidity for people to join. The idea nowadays is you can splice in and out liquidity based on your needs. It's just a single on chain tx instead of 2. One to close and another to open. Splicing is just one of chain tx. Iirc.
> Are RoF still a thing? What does that mean? >We had user built out rings of liquidity for people to join. Also confused here. Plz explain
https://lightningnetwork.plus/ Check this out.
$500 worth of sats is enough to run a decent pair of private channels but not much point if you don't need to move sats fast or receive them... one thing that is clear to me now, you open an outbound, with your 100k+ sats really you need to make them a bit bigger but that's minimal with many channel partners, and then you should open a bigger inbound one because you can, they are a lot cheaper, outbound channels you fill, inbound channels the other side fills