I don't know the associated risk yet. That is what would determine that.
Discussion
But, I would be willing to open a new channel every 1 million sats stacked through my DCA process from here on out. That is the thought that came to mind. I have a very low dca at the moment, 10 dollars a Dat. So when the 1 milli mark hits I'd open a new channel from here on out.
So, not using any percentage of my existing stack but a new dca stack allocation once ita met the 1 mil requirement.
Is that advisable? It's just a thought.
Oh I don't know. I don't have any lightning channels currently. I was asking nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424 what his thoughts.
It's not the first time I've seen the recommendation of no less than 2mil for a channel. So currently that is what I would do, until I understand more.
2M sats per channel and 8 channels to large nodes should be good.
that doesn't sound very decentralizing
Then open more channels to smaller nodes if you don't like it. You can also only open channels to people you plan on doing business with or sending and receiving from. This is just a general guideline to a general question.
The way lightning works is transactions get routed through channels (as I understand, correct me if I am wrong). So if we're all opening channels that does increase decentralization. Some nodes have more liquidity is inevitable and the same goes for channels.
What's in Lightning is essentially a hot wallet and you know the saying about a hot wallet.
What’s a good number of channels that y’all open or recommend? I’m building mine out as fees flux before this bull really starts running
Everyone's needs are different. You need channels to well connected nodes. It could be 4 girthy channels to the 4 largest nodes or 8 smaller channels to medium nodes.
I have like 38 channels on my node.
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Is that because you want to earn routing fees or just for functionality and efficiency of being able to transact?
I want open one and some friends too. Do you know some video tutorial for us ?