Ask SN: LN Builders— How often does your node run in to liquidity issues?
488 sats \ 14 comments \ @gd 13 Dec 2022 bitcoin
A question for those of you who are building on LN or running a service on LN:
How often does your application or service stop functioning because of LN liquidity, and how much time do you spend on resolving/preventing these types of issues (rebalances)?
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25 sats \ 8 replies \ @DarthCoin 13 Dec 2022
Please pay attention and read these: https://darthcoin.substack.com/p/lightning-routing-fees-experiment and https://darthcoin.substack.com/p/recommendations-for-ln-users https://darthcoin.substack.com/p/lightning-node-maintenance
TLDR: rebalancing is useless - there are other methods. CHANGE MY MIND
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59 sats \ 7 replies \ @gd OP 13 Dec 2022
I am not advocating for rebalancing— I'm asking how much hassle liquidity management is for builders who require constant liquidity for their applications to function.
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0 sats \ 6 replies \ @DarthCoin 13 Dec 2022
All depends of:
  • what you really want to achieve
  • what you want to do with that LN node
  • how high is your greed
  • how high is your desire to FUCK THE BANKS
Read my guides and you will discover things that almost nobody wants to talk about.
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82 sats \ 5 replies \ @gd OP 13 Dec 2022
Again, this is in no relation to the question I'm asking.
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0 sats \ 4 replies \ @DarthCoin 13 Dec 2022
If you read you will know. Don't look for quick answers.
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37 sats \ 3 replies \ @gd OP 13 Dec 2022
I will implore you to take your own advice here.
I am not asking how I solve the issue for myself. I'm asking how many people experience this issue and how long they spend trying to mitigate it.
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0 sats \ 2 replies \ @DarthCoin 13 Dec 2022
Again, you don't even read my first link and you jumped into conclusions. https://darthcoin.substack.com/p/lightning-routing-fees-experiment
As a founder of a LN software you should already know how LN liquidity works. I was just giving you some clues after several testing with many nodes.
Liquidity is very important for a LN node, because have to flow. If you want to make it flow, think about WHY. And some clues are in my articles.
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122 sats \ 1 reply \ @Rock 13 Dec 2022
Dude, he is not asking about how to run a routing node. He's asking about managing services on top of a LN node.
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100 sats \ 1 reply \ @Rock 13 Dec 2022
Maybe you should reach out to some known node operators who are running services. lightning.store is a good example.
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0 sats \ 0 replies \ @gd OP 13 Dec 2022
Definitely speaking to businesses running LN services. I will reach out to the lightning.store team though! They're a great example that would face these issues.
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50 sats \ 2 replies \ @zman 13 Dec 2022
almost never. Just opened a few good channels and then I send out the amount I make to my own node with a script every X hours/days.
My main problem is I have no idea to understand how often payments are failing to my node. It would be great if I could know when people try to pay and fail. But need to mostly depend on complaints.
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0 sats \ 1 reply \ @gd OP 13 Dec 2022
Ah interesting! A script running on a cron?
I guess having something to observe the channel state and issue payments would give a little more flexibility for failed payments?
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0 sats \ 0 replies \ @zman 14 Dec 2022
that's the only metric I track and try to improve. Currently about %10 of invoices are actually settled as payments. But this includes:
  • people that created an order but dont have a Lightning wallet
  • people that decided the amount was too high, didnt want to pay
  • order didnt go through for any other reason.
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