25 sats \ 0 replies \ @dolu 25 Feb 2023 \ parent \ on: Phoenix Wallet - any way to prevent creating new channels? bitcoin
The reason is pretty simple I think. They have to allocate fund for each new channel. They don't have unlimited bitcoin, so they cannot allocate 40% of each new channel. If they do that, their "LSP" will run out of bitcoin pretty fast I think, and no channel could be created.