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208 sats \ 7 replies \ @WeAreAllSatoshi 9 Mar 2023 \ on: Wallet of Satoshi Is Doing 27,000 LN Payments/Day bitcoin
It stands to reason that setting up some LN channels with WOS to act as a routing node would be smart, yea?
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5 sats \ 6 replies \ @timechain 10 Mar 2023
Yes, but, they generally only allow one channel per node they connect to. When Calle (Cashu, LIGHTNINGTIPBOT dev) opened up a larger channel with Wallet of Satoshi, they accepted the larger channel, but then force closed the smaller one. When asked why, they said "Inefficient use of capital mainly."
Source: https://twitter.com/walletofsatoshi/status/1627080714222190592
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0 sats \ 0 replies \ @m00ninite 10 Mar 2023
Force closing seems needlessly aggressive. Wonder why they wouldn't just do a collaborative close? 🤔
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0 sats \ 4 replies \ @WeAreAllSatoshi 10 Mar 2023
Good call out, I guess when I said channels plural, I meant a channel with lots of liquidity
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1 sat \ 3 replies \ @sandbeach123 10 Mar 2023
They suck a lot of sats (pull liquidity to their side of the channel). That is my experience at least, so I keep rates a bit high in that one. Their node is very reliable and responsive. And it is true that they only allow 1 channel, they closed a second one I opened a few month ago.
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43 sats \ 2 replies \ @WeAreAllSatoshi 10 Mar 2023
Thanks for your insight. What was your process for opening a channel with them, if you don’t mind me asking? Was there some kind of out of band communication to get them to send liquidity your way, or do they do that automatically? Sorry if that’s a stupid question, I’m very much a LN noob
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22 sats \ 0 replies \ @sandbeach123 10 Mar 2023
No stupid question. At first I just opened the channel with all liquidity on my side. No manual comunication was needed. Everything is automatic. IMHO their node probably only rebalances liquidity on big channels (with nodes like 1ml, bfx, acinq, lnbig, etc) With my channel I had to do all the rebalancing, and pull the liquidity back to my side. I did that by rebalancing using Ride The Lightning application of my umbrel. Another way is to use LNDg, which you can set to automate rebalancing and trigger them under certain liquidity threshold. For rebalancing you need a second channel to compensate, that will move its liquidity to the inbound (the other party) side.
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0 sats \ 0 replies \ @ek 11 Mar 2023
That is a very good question! Thanks for asking
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