A Lightning network channel being closed automatically for a number of potential reasons.
You can see the high number of sats being paid in the fee to close the channel (split in half by both parties I think)
My new favorite bot nostr:note14f09e8x4rvdatfgj6yl73ulk0c70ua87pqatfvz0ceg2q4yzmxrqpjsfar
Truth. Shut it down, waste of resources. nostr:note170aeevlgzyzut7dmey2nrqunhay220fy3k4qa45xexyey8jwrqrqawghrt
Haven’t looked in months, this is was the usage of a day last year where there was a lot of usage and Whirlpool was reaching ATHs:
It’s slowed down considerably, especially in the smaller pools!
Here is the daily cycle data for today. Definitely seeing a slowdown (as expected):
Capacity is still pretty high, whirlbot is currently stating 7711 BTC.
Not sure about trend in terms of new entrants rate increasing or decreasing. My guess is that it decreased a bit, but also that people are not spending from post-mix wallets. Resulting in relatively stagnant or slowly increasing capacity.
In a high fee environment, it actually makes sense to go into higher denomination pools.
For example, if you are gonna mix 1.1M sats, it’s much cheaper to mix in the 1M sat pool instead of the 100k sat pool due to miner fees.
Spitting your 1.1M sats into 10-11 pre-mix UTXOs then having those enter a mix is incredibly expensive.
Even with the lower flat rate 5k sat pool fee, it makes more sense to mix in the 1M sat pool with a 50k sat pool fee.
Amazon gonna sue you lol
People who need privacy *today*
I have a “no shitcoin inside” sticker on my Monero node box
Cool stuff tends to be built when users get backed into a corner. New ideas are given to devs when users are in desperate need for new tools or functionality.
I expect this fee market to drive some neat innovation over the coming weeks.
Slowly finding myself being drawn towards Holy Orthodoxy ☦️
Dickbutts hilariously becoming an effective way to disrupt CA clustering heuristics
Hilarious and epic to get free remixes during this high fee environment
I wonder how long a high sustained fee environment would have to last in order for some of the L1 maxis to capitulate to using LN
Is something like this possible for bitcoin core? nostr:note1qqqqq4rqukwp3z79hj2rkw6z4dh45j95ztuutx0gqw78vxm32x2qycdkr6
It's interesting that the monero devs found a way to limit and essentially kill off ordinal inscriptions very quickly without a centralized entity choosing which transactions are allowed: https://github.com/monero-project/monero/pull/8733
I wonder if there is a similar possible approach for bitcoin core.
🔥🔥🔥 nostr:note1zldn0kgtvywjv50077ntldh8zm09pzzwdzu6j92cganyw4y29xxqn9fvax