I'm reading through the start9 instructions for installing LND, and the recommended channel size is 1M sats or more, which makes sense considering future fees. That's fine with me.
But that's a huge barrier of entry to run a lightning node that'll become harder to cross as time goes on. And running a hot wallet on my start9 server for this node will become riskier over time.
Yolo I guess.
CLN > LND
It may be, but lnd is on start9 already.
My CLN is on Start9?
Did you have to sideload it?
Nope.
...nice. Hoping to marshall a Christmas bonus into a Start9 Server Pure.
I see it now, Core Lightning.
So I'm about to start a lightning node and get some channels up.
If I start with CLN or LND, is it possible to switch between them, or am I locked in one or the other? I need to research the difference between them.
Since you are still setting your node up I would recommend CLN over LND. An important choice to make now since there is no migration between the two.
What would be the difference when fund raising for an oil field?
I found CLN on start9 just now since Gary also recommended it.
Do you have any resources for the difference between them? I'm researching it now too.
I haven't run an LND node in ~3 years so I can't really comment on that. I think the highlighs would be CLN is more performant, has bolt 12 and dual-funded channels.
utxo ownership is going to be too expensive for most people, let alone lightning channel ownership.
It's pretty crazy to think of.
Since Alby is pivoting, I signed up with a bunch of cashu/fedi mints while I figure out how to self host Alby hub. It was pretty easy, super low barrier of entry, and someone else runs the node.
Mints and federations are going to have be how people get into Bitcoin when they only have access to small amounts, like 100k sats or less.
Ellectrum needs only 200 K sats to start a channel
I wouldn't open anything smaller then 10m.
If you can't, run phoenixd or buy liquidity some other way.
And then your harddrive crashes and the backup you had can’t be restored, the people you opened channels with can’t be reached to close the channels… 1m sats stuck in limbo for the rest of your life
Yeah, I ain't gonna be YOLO-ing any time soon.
