Imagine the fees will not go down in the next 2-3 years. Would you still wait for it? Or start using layer 2 solutions?
Plus you gain privacy and transaction speed by operating at layer 2. I really hope Blockstream solves the peg-out problem and enables Lightning over Liquid.
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. ๐ถ๐พ๐ซก
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 thatโs still affordable ๐คท๐ปโโ๏ธ
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. ๐ถ๐พ๐ซก
True. The reason Iโm doing all this harry potter magic is to avoid very high fees when guiding my dips from robosats to cold storage ๐ง๐ 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 itโs not optimal and youโre generally right. All Iโm saying is you can operate under the high fee pressure without big losses.
What r u going to do with a 3000 sats channel?
Itโs 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%.
