Getting inbound liquidity in a desktop wallet and a mobile wallet simultaneously
142 sats \ 4 comments \ @ama 13 Dec 2022 bitcoin
Thinking about a conversation about LN wallets in Telegram, I've just thought about a cool way to get inbound liquidity simultaneously in a desktop wallet and a mobile wallet easily and for cheap.
For that, you would open a LN channel from Electrum (for example) in your desktop to an LN node. From there, you would send part or all the funds to Phoenix in your phone.
ACINQ would then open a channel to your Phoenix wallet of a larger capacity (not sure how much, but ten times larger keeps coming to mind, I'll have to check it out to confirm) than what you are receiving.
The result is that you have a channel with a fair amount of inbound liquidity (as much as you decide to send in the first place) on each of the devices through an easy process and for a cheap price, since you don't need to pay for a node to open the channel to you (except for the commission ACINQ charges you to open it automatically) and the on chain fees to open the channel from Electrum, which you'd have to pay anyways.
Of course, that could be done by two different people, friends or who agree on a sell: the Electrum side sells the sats to the Phoenix side.
Let me know what you think. Isn't it cool?
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0 sats \ 2 replies \ @DarthCoin 13 Dec 2022
The content of the post doesn't match the question in the tile. I am a bit confused about your post.
I used almost ALL LN wallet that ever existed, because I like to test bitcoin things, for the last 10+ years.
I am still trying to understand what do you want to achieve here...
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0 sats \ 1 reply \ @random_bitcoiner 13 Dec 2022
What's not clear? he gets inbound liquidity to his electrum wallet AND simultaneously also on his mobile wallet because the wallet provider opened a channel with him with some inbound liquidity. This is not free however, 2K sats for Breez and something similar for Phoenix.
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5 sats \ 0 replies \ @ama OP 14 Dec 2022
Never said free, but easy and cheap. It was much cheaper a couple of years ago, when I got ACINQ to open two channels to me for 110 sats. But it's still cheap, IMO, compared to other options. And, the main thing, it's very easy.
No complications for somebody who wants inbound liquidity without having to worry about creating or managing channels. Useful, for example, to help somebody else (the Phoenix user) to get some inbound liquidity (they pay the ACINQ fee) while getting some yourself in your wallet or node even cheaper (just for the on chain fee for opening a channel) or almost free (should you already have a channel opened).
The more I think about it, the more I like it.
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0 sats \ 0 replies \ @ama OP 13 Dec 2022
Of course, that same method might be used to get inbound liquidity on a LN node, as well.
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