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The Lightning Network does not make sense. You open channels to be able to send or receive funds. Per the attached screenshot, you can see the liquidity my node. I have Lightning Wallets connected to this node from my LNDHUB. Every time I zap someone from the lightning wallet, the liquidity goes down.

Here is the confusing part:

If someone makes a wallet on my node and deposits $1000 for example, that number should jump up. What happens if all the money from the channels disappear ? Do they close? Do I have to refund with my own money? This looks like it will mess up my ability to send and receive money too

#asknostr

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Discussion

sathoarder 1y ago

When someone deposits onchain funds to an LNDHUB account/wallet it credits their account. It is on the operator of the node attached to LNDHUB to open a channel with those funds thereby increasing the nodes outbound capacity.

This is a quirky thing about LNDHUB and not really part of the Lightning Network

Vivi Nella Verita 1y ago

Ah ty for the explanation. LNDhub puts more administration and complexity. It should be simple as putting a pool of money together and then transactions are routed and whatever from that. Establishing channels is very tedious and time consuming and many pools have income limits. It's been about a week and my node hasn't made 1 SAT.

sathoarder 1y ago

It definitely adds yet another layer of complexity. It is nice for uncle jim setups but really, I'm not a big fan anyome even though I run an instance of it myself. I think for an abstraction layer, lnbits is a better choice. It's not without risks but it is actively developed where LNDHUB is kind of abandoned. There is an LNDHUB extension in lnbits that can completely replace the original.

I have yet to make any real money on routing but my nodes do route quite a bit. Just gets eaten up in fees eventually opening new channels.

Vivi Nella Verita 1y ago

Yeah. Are you serious about it being abandoned? All this time wasted.....LND, Lightning Terminal , BitCoin Core, LND Hub......$700 invested in channels and shady african nodes for liquidity.....

It's all very interesting but hoooooo leeeee fuck it's not a good user experience. I like being able to zap with Alby from my Lightning Nodes via LND Hub or LND.....

sathoarder 1y ago

Last release for LndHub was Sept. 2021.

Definitely look into switching over to Lnbits if you want an accounting system for wallets on your node. It's free and takes minimal resources.

Also let me know if you need some inbound, I run three decent sized nodes.

Vivi Nella Verita 1y ago

Maybe it works that good w therehey only had to worry about dependencies for a few years lol

sathoarder 1y ago

The api has definitely stood the test of time! It's really handy like you say for things like alby or btcpayserver or just a buddy you might want to let use your node.

Still, look into running your own instance of lnbits, its vastly more functional and can connect to alby the same way.

Vivi Nella Verita 1y ago

I guess the question is .... can you switch to lnbits while preserving existing wallets? I have 3 made via LNDhub

sathoarder 1y ago

You can run both at the aame time. If they're someone else's wallets you could always credit them in a newer wallet with an admin topup. After all the lnbits or lndhub wallets are just a database entry. A spendable amount from the nodes wallet, so to speak.

Vivi Nella Verita 1y ago

Update ... Installed Lnbits. Very nice stuff. Thank you. Looks like transactions take a long time to appear. Look at those hours! I had to send all the money to Alby and then from Alby to lnbits