Can lightning network handle a 1 BTC zap β‘οΈ? #askNostr.
Letβs discuss it!
Can lightning network handle a 1 BTC zap β‘οΈ? #askNostr.
Letβs discuss it!
It didn't work for me. Said "insufficient balance" whatever that means. Smh π€₯
LOL ππππ
You need to have enough outbound liquidity and your counterpart enough inbound liquidity. Then afaik it depends on routing. Should not be a problem if you have a direct channel. Also should not be a problem if you two have channels to big liquidity providers.
So stick to onchain ? Lol π
Well... I dont see much sense to send 1 BTC over Lightning... On chain should be used imho regarding such a big amount
What makes its a big amount? the fiat price? do you think π€ btc lightning β‘οΈ channels would be bigger if btc was at lower prices?
#Bitcoin has risen and is still rising in price *and* value, so I think yes.
Lightning channels would ABSOLUTELY be bigger if the fiat price was lower.
Consider that locking funds into a Lightning channel, especially if your goal is to be routing node, is both an opportunity cost and a security risk.
An opportunity cost, because there are other things you could be doing with those funds.
A security risk because your keys are stored "hot."
The more purchasing power you have with those same sats, the more things you could possibly be using them for other than locking them into a Lightning channel AND the more worried you will be about having the keys controlling those funds on an internet connected device.