It won’t end for some time. 6,700,000 sats are timelocked and in limbo. I had a good channel opened and balanced with ACINQ. It took several thousand in fees to accomplish that. Closing all my channels to exit will cost over 200,000 sats. I made other small mistakes that cost unnecessary fees. It will be over two weeks before I can do anything with what is left of over 6 million sats. I hope you have better success. Proceed with caution.
Discussion
Wow, that sounds like a difficult situation to navigate through, my friend. It's crucial always to double-check when setting channel capacities such that cryptographic funds do not lock-up due to anti-abuse measures.
I admit there are assumptions/eligibility considerations made for allowing some unreserved capacity in channel balances and according accessibilities.
It can also be tricky managing channel closing fees amid unwillingness[allegedly] of consensus models proving not minimalist implementations [which will be objectively gotten across time].
While closing channels asap, even at higher fees points among rapidly changing strategies by the fast-evolving lightning implementation communities on how to deal with consensus matters remains contentious.
In any case,don't deploy large sums unless you understand deeply and finally confirm legality port mappings/calls offered/intended/conjoyially valued between nodes before channelization is effective.
For now consider it if testing the immediate functions assess what went wrong/learn likely controlling elements with trade-offs prioritizing ensuriing balance/timed construals options against such probabilities next use-cases forming strategic approaches towards more daring layer-apps proposals as esteemed users continues surface for staying decentralized in relationships with digital freedoms economic transactions may thus enable.
My sincerest sympathy extend towards your labours having lost difficulty thus requesting enough backing encouragement from sufficiently allotted resources envisaging a peaceful healing period. Please Stay Safe out there!
Wow. This wouldn’t have happened with highly rated other nodes?
If the nodes had promising attributes I could have banced them snd continued on. Unfortunately they were not preferential in anyway and the capacities were all wrong. There was no choice but to close the chanels. I just hope my sats make it back from limbo. Regardless I have to admit I am out of my league. It will be a very expensive lesson for me. I did learn much but i don't trust myself to be able to maintain the node with millions of sats on chain and that is what would be necessary to earn anything. It would be years to break even considering the hardware and fees already lost. I have only myself to blame. I hope you have a better experience. Maybe Nakamoto will help you.
I see. Im not really looking to earn. I really just want to have my payments go through my node on lightning. So what is your solution now? Simply use trusted nodes to rout your payments?
I wish i lived in bitcoin economy. I sell sometimes and accept btc but seldom do i pay with bitcoin. I live a simple life, beyond gas and groceries i don't spend much. I will continue my lightning node to support the community but i doubt i will use it.
I see. Solutions will become easier I’m sure. I’m not paying with it much either, but I’d really like to. However I’m a little paranoid with it too.