How do you propose for nodes to open LN channels? I am not aware of any L2 approach that would allow me to do that. πΆπΎπ«‘
Discussion
I run Phoenix wallet on my phone connected to my own electrum server over Tor. Phoenix still charges 1% (min. 3000 sats) for opening a channel. For me thatβs still affordable π€·π»ββοΈ
I use Boltz to swap into Liquid when needed and then sideswap.io if I need to go to mainchain.
That will not work for a node that actually routes your LN payments to other places, etc. πΆπΎπ«‘
True. The reason Iβm doing all this harry potter magic is to avoid very high fees when guiding my dips from robosats to cold storage π§π For routing nodes, this is surely more complicated.
With Phoenix you are at the mercy of ACINQ to not rek your channels
Yes, but never happened to me so far. Some of my channels are 1 year old.
I know itβs not optimal and youβre generally right. All Iβm saying is you can operate under the high fee pressure without big losses.
What r u going to do with a 3000 sats channel?
Itβs the minimum fee that Phoenix is charging for opening a channel if you open a 10k sats channels. If you open a >10k channel, the fee is 1%.