Wait am I retarded or do I need to transfer Bitcoin to the node before I open a channel? 😮😮
Discussion
I'm no expert but yeah, the bitcoin on the node gets allocated to channels you open.
That makes a lot of sense. Thanks.
Yes. That's correct.
Well, ☺️
To your defense the error message is very unhelpful.
It's definitely very software-gorey.
And if I may, don't announce the channel unless you want to route payments.
Which I guess you don't.
Good to know 🙏
Yeah probably not, since I'm just doing this for personal use. A couple channels isn't much help to the network.
It's also costly to balance them and you can easily endup in a state that you can't pay or receive. E.g. if some of your peers suck all the outbound liquidity and the other peer has shitty connections ...
And 1m channels are nothing ...