Damus
Derek Ross profile picture
Derek Ross
@Derek Ross
Lightning channel management is just a pain in the ass. Trying to move liquidity around and steer it in the direction you want it to go is a full time job.
391❤️19🤙13
Paulo Sacramento · 168w
What tools can be used to automate this work?
Michoe · 168w
Why not use LNDg to automate it.
Hendrix · 168w
Yeah its not easy to do. I used to try and rebalace all the time but gave up and just left it with dynamic fees. It works okish but my channels are far from balanced.
Dream Chaser · 168w
Someone please train an AI to do it
BitcoinHatGuy · 168w
Agreed. It can be a chore especially when you're a merchant.
HODL · 168w
This is why I just use custodial lightning solutions. Let that be someone else’s problem. Unpopular, but I don’t believe custodial spending wallets are as haram as everyone believes they are.
The Fockin’ Fury · 168w
For maybe a few weeks I thought I'd try and build a routing node, but that did not last very long. Better to leave that to the pros imo. Just create a few liquidity swaps on #[2] and a fat channel to a vendor you pay a lot, and be done with it.
Evan · 168w
Looking forward to this being far more automated and the UI flow being that much smoother. One day: Deposit bitcoin on a node, then the node does the rest. Instant self-hosted lightning liquidity.
kboom ✝️⚡️🟠 🟣 · 168w
You could try Torq, you can manage your channels, do rebalancing and more https://github.com/lncapital/torq
Kasso · 168w
Indeed, I've done all of that too and stopped. Reballancing channels is a pain in the ass. Also when BOLT12 on LND?
Odler Hodler · 168w
True. I admit I've been running both a full bitcoin node and a lightning node for some years now. But I've never setup channels on the lightning node. I mainly just use Strike. 🤷‍♂️
utxo the webmaster 🧑‍💻 · 168w
Life hack is try to get 2:1 inbound liquidity to outbound, then things are always flowing
luispi · 168w
Indeed. Additionally those fee sats spent never will be back😂
Pal · 168w
It is. I had lightning node running for a year, but I got frustrated with whole experience so I closed all channels and just use a mobile wallet for occasional transactions.
The Nuclear Bitcoiner · 168w
I am loving the similarities between managing liquidity on lightning channels and managing the flow of electrons on power grids. I wonder how long it will take to be equally as important?
EX₿ · 168w
Main reason I stopped running my own node. Now using noncustodial Phoenix wallet for all my lightning needs. Still run umbrel for bitcoin/electrs for hodl nunchuck/cc wallet. Future bitcoin adoption will be mostly mobile
I)ruid · 168w
Check out Voltage's Flow 2.0, announced yesterday. It's a solid step in the direction of automating all that (: