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128 sats \ 1 reply \ @C_Otto OP 11h \ parent \ on: Who is 03e6871fe33c45df778f2adadb795ee838892e809ff8daaabf11053be4190c5be1? lightning
A convoluted bitcoin mixer?
3 sats \ 0 replies \ @C_Otto OP 2 May \ parent \ on: Parallel channels are a mess - a rant lightning
Two or more lightning network channels connecting the same pair of nodes.
How do you know about my backup strategy? I'd say it's rather safe, but it's not connected to Primal nor my browser in any way. Please don't assume that I'm doing anything wrong. And if you do, please give me the option to acknowledge your warning once and for all.
Greetings! Could you please remove the constantly showing "1" badges? Thanks :)
Sometimes also on "Premium".
I guess I should not complain about a free service, though.
Here's a good blog series that explains the details: https://ellemouton.com/posts/htlc-deep-dive/
If you forward some HTLC and the outgoing channel is force-closed, your peer may claim those funds only by revealing the pre-image. If this happens after the timeout and if you didn't sweep the HTLC funds by then, this is still possible. However, if you forwarded the HTLC and failed the HTLC back upstream (towards the sender), you effectively lost the HTLC amount. To avoid this, you should sweep the HTLC funds as soon as they time out.
However, in other situations (when you're receiving HTLCs, or when looking at the non-HTLC funds in a channel) there isn't a pressing need to sweep the funds. In fact, I patched my lnd to avoid costly sweep transactions. This isn't necessary anymore, as lnd now uses a better approach to sweeping (slowly ramping up the fees, taking the associated risk into consideration).
Performance is fine. Shortly before the new compact database format was introduced I had issues because of the database file size, but this has been resolved years ago. I think ZFR would have worked with this updated version of lnd.
As far as I know you can't switch implementations while retaining your channels and/or node ID. I'd rather not start from scratch, a lot of how LN works is reputation based.
No. Given the non-anonymous aspect of my node (a questionable choice...) I don't see the point of restricting clearnet traffic.
I closed a few channels with bfx-lnd0 with almost all of the liquidity on their side. Having those parallel channels doesn't serve any benefit for me, I still have plenty of inbound liquidity from bfx-lnd0. This way I could get a few sats (to be used elsewhere) while reducing the risk of force closes and other channel related costs at a time with very low on-chain fees.
I'm using the rating system implemented in lnd-manageJ, see https://github.com/C-Otto/lnd-manageJ/blob/main/rating.md for details. If a peer has a very low rating (ignoring the first 45 days of a new channel), I consider closing.
See #922319
Yeah. I think a lot of this is due to private node runners establishing nodes, doing some rebalancing (at a loss). I'm not sure, though.
It appears as a wall of text with unstructured/random content. Technical stuff, policitcs, art, everything. Some things I find interesting, others I'd rather not see. The core idea, BTC integration aside, seems to be very similar to Reddit. On Reddit, I can more easily select subreddits, and my homepage is curated based on my preferences. I'd love to see that, but I also have to admit that Reddit is far from perfect :)
That aside, I think the default font size is a bit too small. That's something I can easily tweak in my browser, though.
I stopped the old server, copied the files using scp, edited the name and started the new server. During that I made extremely sure that the old copy cannot be started anymore (intentionally breaking stuff like deleting the lnd binary). Once the new server was up and running, I deleted all traces of the old server on the old host. That's it.
To add to this:
ACINQ, bfx-lnd0, bfx-lnd1, okx and kraken didn't make it to the top 10, even though I have/had channels with those peers, too. Size alone isn't enough, there needs to be demand, which Binance seems to have quite a lot of.
I'd say the best reason to run a node in the lightning network, taking into account the risk and all costs, is to actually use it. Businesses that depend on their node, or at least provide a decent benefit to their users by offering LN, don't need to care about the overhead. They earn money using some other means.