The #Lightning node my investment group uses:
is in a datacentre,
has more than 20 channels on average bigger than LN average,
rated in 200s on Terminal Web, with majority of the peers considered “Good Outbound Peers”,
2 Btc node capacity, approximately evenly balanced.
Yet, even for a 100k sats tx to #Phoenix (#Acinq) and similar size txs, it cannot find a route much of the time!
Examining those so called “Good” peers”, our working hypothesis is that the cause is not the flimsy nature of LN, and rather the unreasonably high outbound ppm rates set by some relay node operators, perhaps, to try to “cash in” on the onchain fee crisis - ppms >10x the #LN average!
They would rather not have any payment go through.
Ironic that what those same people usually call “greed” of the banksters, PayPal and other payment processors, they personify on LN. 🤡#clownworld
As all know, to toss them or open new channels now is unusually expensive, with no guarantee that new ones will not act the same, or the money will not be wasted through forced closures…
After 2 years of operating this LN node at a loss, seems clear that Lightning is not the solution to the onchain challenges that was advertised originally and continues to be hyped. 👎
New year’s resolution is to focus on other L2 solutions.
#Bitcoin