related posts
0 sats \ 1 reply \ @16d86e9daa 22 Jun
When a channel is closed, the funds are swept to an on-chain address. Typically, it takes 144 blocks (about 24 hours) before the funds from the closed channel appear in a user's local wall
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0 sats \ 0 replies \ @random_ OP 22 Jun
Wrong. This is only true for force closures and the delay depends on the channel policy.
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0 sats \ 0 replies \ @OT 22 Jun
How's it possible that it opened with 14 BTC and closed with 14.06?
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0 sats \ 7 replies \ @k00b 21 Jun
Holy crap. A 14 bitcoin channel with $0.95 closing fee.
Given how unbalanced it was, maybe reopening another one was cheaper than rebalancing.
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0 sats \ 6 replies \ @random_ OP 21 Jun
Wild concept. Kind of flips the scalability argument for lightning on it's head.
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121 sats \ 1 reply \ @anon 21 Jun
What do you mean? A channel that big could have easily done tens of thousands of big transactions in its lifetime, even if all the transactions went in the same direction.
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0 sats \ 0 replies \ @random_ OP 21 Jun
I just find it interesting, the idea that it's cheaper to close a channel than it is to rebalance depending on the capacity of the channel.
I wonder how that capacity relates to position and topology.
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10 sats \ 3 replies \ @justin_shocknet 21 Jun
No... there's no cause for re-balancing, that's what channel fees (particularly the new new negative fees) are for
The (technical?) founder of OpenNode went elsewhere not to long ago and the French retreated from the US, its also [REDACTED] to have that size in a hot wallet... there are much more likely explanations
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11 sats \ 0 replies \ @anon 21 Jun
OpenNode is still quite active: https://mempool.space/lightning/node/03abf6f44c355dec0d5aa155bdbdd6e0c8fefe318eff402de65c6eb2e1be55dc3e
They probably just found that the channel capacity wasn't necessary.
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0 sats \ 1 reply \ @random_ OP 21 Jun
This channel closed in September last year.
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0 sats \ 0 replies \ @justin_shocknet 21 Jun
That tracks
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0 sats \ 0 replies \ @SatsMate 21 Jun
Wow! Opennode was running this channel I believe.
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