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31 sats \ 0 replies \ @0314f6bab2 OP 4 Sep \ parent \ on: Shutting down my routing node lightning
If bitcoin taught me anything, it's to stay calm in the face of losing a lot of money :D
I'm happy that there are a lot of smart people trying to make bitcoin work as a medium of exchange, and you need to explore the dead ends before you can find the right path. And lightning is becoming more and more usable for normal people, albeit slowly.
Will we ever be on par with the fiat payment cards UX? Will lightning be the L2 of choice? Would a soft fork that moves part of the massive complexity to L2 (e.g. LNhance) help and is it even feasible at this point? Only time will tell ...
Here's the output for
smartctl -x, let me know if you'd like something else: https://paste.rs/vHP04I'm a bit puzzled by the Power On Hours value which is some ~300 days even though the drive has been in use for more than 4 years.
Valid point. What do you think are the requirements to become professional (capital & others)? How many single-person operations do you estimate there are that are profitable enough to make a living?
nodes, channels and number of BTC
Are these a good metrics? Can be explained by underutilized/unprofitable nodes like mine shutting down.
Not sure what would be a better metric since the actual flows are hidden. Mobile wallet downloads maybe?
I'm not sure about that, because you need to compete in the fee market.
- participants with a lot of capital have an advantage over participants with little capital
- it's a zero-sum game where you need to have a trader mindset to succeed, and i'm not a trader
Used chantools to sweep the non-HTLC output of that tx but it seems to me chantools do nothing with HTLCs. Will look into
chantools sweeptimelock again.There's a small chance this is fixed by https://github.com/lightningnetwork/lnd/issues/10053, planning to start looking into this more seriously if that's not the case.
Yeah splicing, forgot to include that in my list.
I liked the idea of basic LSP functionality built into the core protocol without needing to touch HTTP but I suppose that ship has sailed.
Channel got force-closed and confirmed several months ago but LND refuses to sweep the output. Not quite sure why, probably a good old software bug. I don't think my channel db is corrupted so all keys should be there.
Currently playing with Phoenix Wallet and friend's LNbits to see what's the end-user experience like. Might spin up smaller CLN instance at some point if I'm bored.
Short version is that I may not be very smart
Long version:
- was hoping to learn about LN and potentially get a related job (have a different job now but learnt a lot)
- was hoping that by putting the coins on LN => BTC becomes more useful as a medium of exchange => more adoption => greater real-world value even though my number went down
GENESIS