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I stopped actively managing my channels two months ago – also closed a bunch of them. Wasn’t worth the time and rebalancing fees. Waiting/watching to see when/if things transactions pick back up.
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Interesting thread from Steven, who has some of the best LN routing data around.
Curious to hear how all the SN node operators are feeling lately. Have you seen a meaningful change in your routing activity in the last couple months?
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So I guess this is a good time to get started
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I was raising the warning months ago, but many considered me a crazy conspiratorial guy, that have no idea about LN and how to manage a node.
Just read my articles here and you will realize that I was right:
Even Rene Pickhardt came to my same conclusion after months of investigating. In one of those of my articles you will find at the end the link to Rene's conclusions, That I added as link afterwards.
Sorry to be that awful guy that is always right...
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These articles are great! I've always wondered about how to manage a node because I hate relying on only lite wallets.
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Was there something specific you were warning about?
Not sure how this relates to the slowdown of activity being reported by Steven.
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Like usual, people do not pay attention to my warnings and tests. It's fine. In the end all comes to my same conclusion. Please read my articles and you will understand.
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You’ve got my attention… but I still have no idea what you’re implying that you’ve warned people about.
Has your Lightning routing activity slowed down?
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Not just slowed down but many channels were forced closed or just mdied. So in the end I just decided to shut down my node after almost 1 year.
Yes, I am a node runner from early 2019, running many implementations and testing a lot.
Now I decided to go more "private" and run private nodes: nodes that are not public for routing (just for personal use) and nodes that are I run / use on my mobile devices (Blixt , OBW, Breez, Electrum, Phoenix).
Many people still don't know or don't want to understand that in order to use LN you really don't NEED to run a public routing node, it is enough a mobile node or even a decent desktop hidden node, enough for your personal needs.
Public routing nodes are way beyond any mortal can understand and envision for the next 20 years. Most of the people think only in "today I want to earn 100 sats in routing" but do not think about all the consequences from that aspect.
I am a more visionary and crazy bitcoin maximalist that this community can think about...
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10 sats \ 1 reply \ @ek 13 Dec 2022
Many people still don't know or don't want to understand that in order to use LN you really don't NEED to run a public routing node, it is enough a mobile node or even a decent desktop hidden node, enough for your personal needs.
This reminds me of a discussion with a friend where I was shocked when he said "I don't like bitcoin because I have to download 30GB before using my wallet". He thought the blockchain is 30GB and that he has to download the blockchain to use bitcoin lol
He then went on that he likes IOTA and Solana
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