Nice set-up we've got going with our #1 POS merchant:
1. Business does well. Customers deplete our channel and balance goes almost entirely to the merchant's side
2. Merchant pays us on LN and pushes that balance to our side of the channel
3. We pay the merchant out on-chain to their cold storage
Now the merchant can keep accepting LN payments, have their earnings safely in cold storage AND we don't have to open a new channel to them; we can keep using the existing one.
⚡🔁⛓️
Mind-blowing
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Perhaps we’ll turn this into a service for all to use one day. But first, we have some other things to finish building…
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Ok, but how do the channels to the customers get refilled?
In step 2. Making any lightning payment always results in more inbound
How will splicing impact this in the future?
Not too much in scenarios where merchant wants to put funds in cold storage. If they want the funds on LN and want more inbound they’ll buy a splice in from us
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