A quick note to Lightning node operators:
You do not need to purchase channels to get inbound liquidity, ever.
The correct sequence of actions when opening a LN channel is as follows:
- fund your LN node onchain wallet with a substantial amount of sats (5M+)
- Open a channel to a good peer, preferably with minimum channel requirements
- Now you have all the liquidity on your side, which is not what you want. SPEND it with a SWAP on boltz.exchange (e.g.), back to your LN onchain wallet.
- Use these funds to open another channel.
- Repeat.
Now, you have a nice set of channels
I've explained this procedure several times in many of my guides, for years...
I've wrote several guides how to use a private node: https://blixtwallet.github.io/guides
Yet people don't want to read and use the fucking Spark.
Peerswap.
You left out the fee they'll have to pay for the swap. Might be more than some are willing to part with or stomach.
almost infinite inbound liquidity.
cool tip
Hello operator can you call big daddy Bitcoin I poor 🥺
Well this is nice to read 📚
Good post, this is under-given advice and addresses a fundamental error in people's mental model about Lightning
Lightning does not require liquidity
Lightning does not require tying up capital
Lightning is simply reusing transactions you would make anyway
The true graduated wallet is using a Lightning node's on-chain wallet for standard transactions, then make one or a few of them reusable where it makes sense