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262 sats \ 5 replies \ @DarthCoin 3 Aug \ on: Help Build Circular Economies. Open a Channel with Cuba Bitcoin bitcoin
Nope. If you want your public node to be a good one for its users as "uncle Jim", you must have good peers and channels. A small channel will be depleted instantly and will became obsolete, a burden for your node.
LN is not like a Facebook to open channels with random people just for fun. LN is totally an economic network based on efficient routes supported by fees and liquidity. Think about it as a "capital flow" through some pipes.
I see you have only 2 channels bigger than 3M sats. For a public routing node that is really low. All the rest of the channels are useless.
Do not "expose" publicly your public node to all kind of trash "balcony" and "jungle" nodes. Those will make your success payment rate to go so low that you can't even use that node. Avoid at any cost Tor only public nodes, those are doing more damage than good for a public routing node.
CHOOSE WISELY YOUR PEERS! You want to offer good payment routes not just an unusable public node.
- open from your side a well sized channel with some good LSPs. Always bigger than 3M sats. For less than 3M sats should be private channels not public.
- buy some inbound channels from well known good LSPs
- constantly maintain good channels if your users number grows.
You have been warned.
Thank you very much, my friend @DarthCoin, always with your great recommendations. We all have to be very careful when using public nodes for routing. It’s always great to have your help.
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Does location also matter? Create channels with nearby public nodes?
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It doesn't matter. Min channel size 1M SAT
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