Well in this case my node is used for business, most plebs don't need a full coin to send payments.
5-6 1m sat channels probably good for most people
Discussion
My concern is that err body wants Lightning to be non custodial, but who has 10x the sats they keep in their custodial wallet to lock up just to achieve non custodial wallet status? I don’t want to risk my cold wallet holdings.
This is where liquidity providers come in. Unless you are trying to be a routing node, the only outgoing liquidity you need is what you plan to spend. You can buy incoming liquidity for whatever you need to be able to receive.
Most people will not need to be a full fledged routing node.
The incoming liquidity is usually only good for a set amount of time then you have to repurchase? Also one channel isn’t sufficient you’d need multiple correct? I don’t need to be a routing node.
It would depend on the provider and their terms as to how long the channel stays open. Multiple channels with different nodes will give you more redundancy if one channel goes down, for instance.
Very accurate. My node only has a handful of small channels and is very useable for any payment less that $100. Anything bigger, I still make on-chain. It also becomes more useable for big purchase as Bitcoins dollar value increases.