Avatar
A Rux ๐Ÿšด๐Ÿฟ
83794dfe51d2b27601897f8b735abef0afc1dd09515f97a5fe2032c1e46c6636
Itโ€™s not about the bike #Start9 #pow use your own node and be sceptical of people who donโ€™t Itโ€™s about the balance for everything also that can be a bit boring sometimes. Earth flattener!

What would be the best way in England to convert cash to Bitcoin?

#asknostr #bitcoin #uk

Best cover songs ever:

Iโ€™ll start

Heart full of soul!

Even a german band!

#heartfullofsoul

#coversongs

#supportyourlocalhood

Heh, I do remember my ๐Ÿฆถ, occasionally

Nice nostr:npub1v0tfjv5ahr3c260jtzdk5w48krerrnkg8fmcnc5lpguk0qda04eqzm3m3e

And Block size 868168 when it was ordered on the wallet?

#grownostr #bitocin #togetherwearestrong

Followed by the question hey who invited you? Bob, always seemed to be a good name to start with!

Replying to Avatar NoeBoties_Fool

If you are selling a lightning channel (selling a lease for a set time duration) your liquidity would be stored in that channel (controlled by your lightning node) on the lightning network. Your lightning node is usually operating through your BTC node. All of these are your nodes and your wallets. So yes, sort of. It's indirectly on chain. Its just on layer two, the lightning network, fully under your control. You are only subject to your honor in keeping the channel open for the agreed upon duration for the agreed upon fees. If you fail, your reputation and ability to do such business on Amboss is all that's at stake. This assumes you can keep your lightning node up and running and have the knowledge/skills to recover your funds in case of a node failure.

In short, you have control but the risk is your LN node failing and your loss of funds due to failing to have proper backups/redundancies in case your node goes down. With proper operation knowledge and backup/restoration plans the risk is low. But there is risk.

That said, if you fire up a LN with say 1BTC and sell one channel for .5btc, this leaves you with .5btc to open other channels that will make your leased channel valuable to the person leasing it. For instance, if the only channel you have is that one .5btc channel then it is useless to the person you leased it to as no one can route a payment to them through it. They'll likely do their own due diligence and not lease from you in that case. However if they do, that's on them. But, you would only get the leasing fee and you wouldn't make any extra money routing payments through that channel to them.

If you didn't know this already, you probably don't have a lightning node. Perhaps a wallet but not a node. If that's the case, I'd suggest you begin by looking into node operation and see if the time and effort is worth it to you. If you are familiar with lightning nodes enough to know it's not worth the time and effort for you, then this isn't for you either.

No judgment, just the facts from assumptions based on your question.

Thank you for the comprehensive sum upโ€ฆ i am running my own node for some time now but never played around with liquidity offers hence i am trying to understand the topic better.

But then this would imply i have 0.5 โ‚ฟ onchain which i can offer to be utilized and when successful this will be claimed for the channel to be opened which means at the end they will get outbound and i will get inbound capacity through the lease, if that understanding is correct ?

Very interesting episode with Javier Milei โ€ฆ.

https://fountain.fm/episode/eMOLPdhxFvC1XXlQ6n18

#โ‚ฟ #freedom

Went for a run to continue my tradition when on business travel to do some exercisingโ€ฆ

#running #southampton

And those guys kept me up last night ๐Ÿ™„ drink and talkโ€ฆ

Went for a run continuing my tradition.

#running

Already cold in Hamburg 4 degrees and rainโ€ฆ.