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10 sats \ 0 replies \ @TheGoon 17 Oct 2023 \ parent \ on: Help me Understand Phoenix Fee Concept bitcoin
Yes you are right and it needs to be fixed.
10 sats \ 2 replies \ @TheGoon 17 Oct 2023 \ parent \ on: Help me Understand Phoenix Fee Concept bitcoin
I also ran one of the top 100(circle-jerk ranking), profitable routing nodes for years, which I was only recently happy to shut down.
My point is that LN is not as cheap as you might think. (e.g. ECC RAM, Raid1 and so on.)
There are settings to cap max fee % and absolute LN fee in Phoenix.
Isn't the fee more like 500ppm?
Have you thought about how much capital you would need to achieve the same connectivity on your “Raspi”?
It's something like 50 channels with a capacity of at least 1 million each, the bigger the better tbh.
Now this hotwallet runs on a gimpy $250 hardware.(add that to your ppm)
Channel.db sucks, watchtowers suck and you need to run a yolo stack of “liquidity management” software.
Connect to your node via Tailscale/Zerotier because Tor also sucks.
Have you considered all of this?
There are some fee cap options in Phoenix that are far from perfect, but for now I'm okay with it.
This worked well in the EU
https://www.airalo.com/
I don't understand why Craig Raw added it, but it doesn't look good for software that markets itself as a "privacy tool", dubious.
But hey, I didn't understand Moxie's motives either...
GENESIS