105 sats \ 1 reply \ @justin_shocknet 14 Sep \ parent \ on: LightningPub / Shockwallet video demo setup 🎥 bitcoin_beginners
Sats just accumulate as a fee credit, this is just the naive default and triggers when the opening cost is <1% the size of the channel. Pub fetches a quote on every balance update and then executes the open so all the logic is completely self-hosted.
Threshold is adjustable in the .env file on the Pub node, but the best way is really just open a channel any time you want via cli since its just LND underneath... we don't have creation UI in the dashboard yet, but should very soon (read-only is already there)
I think you're describing node-sharing, whereas channel batching is a batch open of channels on-chain to multiple nodes at once.
Scenario: You run a Pub, but have no channels, your only balance is trusted at another Pub. Either your or their Pub could advertise/solicit a batch open position, and then apply your balance towards that.
Since we already have the connections and node identity over Nostr, we'd use that for additional coordination... These batch opens might even leverage the broader Nostr web-of-trust, and the incentive exists because batches reach almost 80% savings on opening costs with just a handful of participants
Channel batchingI think you're describing node-sharing, whereas channel batching is a batch open of channels on-chain to multiple nodes at once.Scenario: You run a Pub, but have no channels, your only balance is trusted at another Pub. Either your or their Pub could advertise/solicit a batch open position, and then apply your balance towards that.Since we already have the connections and node identity over Nostr, we'd use that for additional coordination... These batch opens might even leverage the broader Nostr web-of-trust, and the incentive exists because batches reach almost 80% savings on opening costs with just a handful of participants
This sounds really cool. I’m not a Lightning pro so I wouldn’t know, but it sounds like channel batching has been around for a while. The only difference now is that there’s coordination. So instead of my opening 10 channels with an LSP to save on costs, it’ll be up to 10 different participants each opening a channel.
Thanks for taking the time to explain all of this btw. Def will pass on the knowledge.
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