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211 sats \ 1 reply \ @petertodd 31 Aug \ parent \ on: You wouldn't give your mom a UTXO - Niftynei privacy
Awesome!
Though a critical detail: when you close the channel, what do you do with the 1% or so remaining? I personally like to donate it to charities.
Also, do you make a new node each time? Your node identity should ideally be new each time.
when you close the channel, what do you do with the 1% or so remaining? I personally like to donate it to charities.
Until now, I've just re-mixed it into hot wallet. Donation is actually a great idea. The more joined coins in circulation, the better.
I also don't close all of them - having some inbound liquidity can be useful in case someone wants to send some sats over LN. This way I don't need any LSP; I'm basically providing my own inbound this way.
Also, do you make a new node each time?
Yes, new node, otherwise you kinda just re-join the utxos. I currently like Blixt for this. Since 3 months I started using it for this and it's super easy to just close a channel and remove the entire thing, restart from scratch. The only downside is that I've had some private channels that were rather sensitive to routing issues on Blixt though; I need to look into that.
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