154 sats \ 4 replies \ @Wumbo 30 Mar \ on: I'm closing my old 300 channels Lightning node, here are the reasons bitcoin
Thank you for the write up.
I think the phases of lightning node running you described is very common:
1st - Set up some channels - "How does this thing work" Phase
2nd - Lets grow this thing - "I can be a super node" Phase
3rd - Technical glitch - "Oh shit! What Happen" Phase
4th - To much exposure - "Maybe I should limit my risk" Phase
5th - Shut it down - "Is it even worth it" Phase
For any new/future lightning node runners out there. You probably just need few channels for a few million Sats.
You are probably right, but take into consideration my node was very old, so it took me like 5 or 6 years to realize it.
I think the main problem I had is excessive enthusiasm and not allocating resources properly. Why did I need a node? Truly for nothing. I just wanted to fuck govs and banks. But I can do it with just normal wallets.
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Why did I need a node?
VERY IMPORTANT QUESTION !
Many noobs do not start with this question, because they do not know that exist 2 main types: public and private.
Yes, you need a node, but which type, what use case, because are many types, as I described in these guides:
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So great posts, thank you.
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Well said with those phases.
Only that those phases are part of another "level" (level 3 I described here).
Some of node runners could go further, some don't.
Noobs should learn from these stories and pay attention to the details. Maybe some of them will have better resources or use cases.
Is all about use case.
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