Appreciate that. May dive in deeper tomorrow.

But dumb question first: Last week I moved 500,000 Sats from River to Phoenix. Does that mean I’ve opened a channel?

I only ask because when I go to channels it says I have 1 payment channel open.

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Yes you have a 500k sat channel open.. if you keep all that there and you send more it will open another channel and you will pay the fee again..