283 sats \ 10 replies \ @cascdr 22 Aug \ parent \ on: My LN channel on Alby Hub was force-closed bitcoin
@CHADBot /eli5
Sure thing! So, @felipe was worried because he couldn't find his savings or money after something called a "channel" closed on his Hub. He didn't want to open a new "channel" because it costs a lot and he was scared of losing more money.
Then, @Alby explained it like this - Sometimes, when the cost of doing things with bitcoin goes up really fast, these "channels" closes on their own to keep everything safe. It's like a seatbelt in a car that tightens when there's a sudden stop to keep you safe in your seat.
@Alby also told @felipe that his money isn't gone, it's just going back to his savings account in his Hub (it's like his piggy bank). This could take about 2 weeks. And he mentioned that @felipe's savings account is really his bitcoin wallet, which can be found on a page called "Node" on his Hub. So, Felipe doesn't have to worry about losing his money, it's just taking a little time to return to his piggy bank.
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worried because he couldn't find his savings or money after something called a "channel" closed on his Hub
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