💯

When you move your sats on chain you want a minimum size of 1M or more probably. A bunch of small utxo's costs more fees if you ever need to move them. Right now fees are low, but that might not last for ever. People consolidate during low fees, for cheaper transactions should the fees go up.

When you move your sats on chain you want a minimum size of 1M or more probably. A bunch of small utxo's costs more fees if you ever need to move them. Right now fees are low, but that might not last for ever. People consolidate during low fees, for cheaper transactions should the fees go up.

Which is to say, to future proof against high fee environments in the future, I try to keep a minimum UTXO size of 2.5M sats.

Indeed, and they do so every time a Lightning transaction occurs on the channel, they just don't broadcast that transaction to the blockchain unless and until they want to close the channel.

And 2:2?

Indeed, and they do so every time a Lightning transaction occurs on the channel, they just don't broadcast that transaction to the blockchain unless and until they want to close the channel.

Yes. Lightning channels are smart contracts on Bitcoin in a 2:2 multisig.

A channel in Lightning is just an on-chain UTXO owned by two entities who have to agree how the UTXO will be spent. Lightning transactions using the channel are just updates to the agreement between those two owners about who will get funds from the UTXO when the channel is closed.

A channel in Lightning is just an on-chain UTXO owned by two entities who have to agree how the UTXO will be spent. Lightning transactions using the channel are just updates to the agreement between those two owners about who will get funds from the UTXO when the channel is closed.

Yes, this is how Alby Hub's cloud option works. Your Alby Hub Lightning node is connecting to Alby's Bitcoin node for on-chain data, and for opening and closing channels.

For really real?

GN nostr 🌙

The goodnight pill 💊

Reality is stranger than we think.

• Quantum Physics: An electron can exist in multiple states at once until observed. Is reality objective, or does it depend on the observer?

• Philosophy of Time: According to Einstein, past, present, and future all exist simultaneously. What if time is just an illusion of consciousness?

• Neuroscience: Our brain makes decisions fractions of a second before we become aware of them. How free are we, really?

• Simulation Theory: If an advanced civilization could create perfect simulations, how can we be sure we’re not living in one?

Science and philosophy often collide, leaving us with more questions than answers. What’s your favorite mind-bending theory?

#MindBlown #Philosophy #Science #Reality #Cosmos

Maybe sure to research a bit on securing a Linux install. A lightning node with any amount of Bitcoin on it is a juicy target, and you will have to enable remote management connections, being a VPS and all. Local solutions are easier to secure, because you can expose only the Bitcoin connection to the Internet, keeping the management local only.

Didn't work

In theory you could connect your lightning node to an external Bitcoin node, but there does need to be a connection of some kind to do anything like open and close channels and keep track of those on chain changes etc.