nostr:npub169n9eaf0t20j0nefwqlqtnqcpsym22k2nw6e3tevtrrru4et7wrsh5w47v
Discussion
That bot isn’t new, it’s been around for at least 6 months and I could find its posts in global at any time of the day, any day.
High fees don’t cause force closes, it just makes them more expensive.
Not sure where it's implied that high fees are causing it, but high fees take these force closures from annoying to outright rugs
They also make stuck htlcs uneconomical to recover
Whereas people using custodians aren't losing anything
I understand what you’re saying now. Aren’t the fee rates set by the party initiating the force close?
Fees are always paid by whoever opened the channel.
It’s another example of why it’s better to have some knowledge of your channel counterparty or some form of relationship then. If I opened a channel to you and then you immediately force closed it, that would certainly be a bummer.
The economics of compressing 100s of transactions into two transactions still make Lightning very attractive to me, and being sovereign is an ideology which goes beyond potential fees. But people are free, and have always been free, to use custodial solutions.
It’s a point for Lightning as a service too.