Replying to Avatar Dr. Bitcoin, MD

I set up a few channels but never spent from them. The thought was to set up channels and forget about them for a few years. But migrating to new hardware was tricky. Importing seed wasn’t enough despite never spending.
f2
xfire 2y ago

But why would you do that? What's the purpose of having 100% your-sided channels and not spending? To me it sounds like just putting some #bitcoin at risk :-)

If you run #CLN there are plenty of proper #backup solutions - on LND I guess you just have to copy everything during migration.

Just make sure to never start the old hardware again :D

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Dr. Bitcoin, MD 2y ago

Why? Transactions were essentially free back then. No funds at risk if node offline. Risk accumulates when someone sends you funds or routes through you.

f2
xfire 2y ago

I mean sure, why not. but if you decide very little risk by zero benefit.... wait that's not even legal 😜

anywho, I'm all for learning, experimenting and#reckless lightning 🥳 the risk I'm taking with my node is in no relation to the benefit, too I fear.