Replying to Avatar Faith & Practice 🍁

I tried maintaining my own lightning node and found it onerous, and did make me appreciate how easy centralized services make it look.

I have frequent seasonal power outaged and in consequence my channel partners punished me with unilateral closures. This experience, the fees, the necessary knowledge, and maintenance involved made me hope for an improved layer 2 to see instant cheap and anonymous payments become easier to truly self-custody and operate.

As a result lf this experience I learned to appreciate again Bitcoin's base layer.
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freeborn | ἐλεύθερος | 8r0gwg 2y ago

Same. Rebalancing was expensive, time- consuming, and unprofitable for me.

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Faith & Practice 🍁 2y ago

It was such a drag to see behind the wizard of Oz's curtain, and subsequently realize that worldwide lightning liquidity depends on just a few mega-nodes. Layer 2 improvements are such a necessary thing for further adoption, but I also understand many devs are thinking outside the box and hard at work on this. I appreciate what they do.

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freeborn | ἐλεύθερος | 8r0gwg 2y ago

Right. I think if someone has a few bitcoin then it could be worth it, and with the right network it could get close to "set it and forget it," but for smallish channels... not with the time. I was disappointed because I wanted to support the network and grow adoption locally.