TL;DR for the impatientTL;DR for the impatient
- Your existing channel UTXOs are grandfathered. Nobody's funding output turns into a pumpkin.
- Your LN node's safety equals your bitcoind's view of the economic chain. Choose your backend knowing exactly what it does in each scenario, then own the choice.
- Current sub-1% signaling is a snapshot, not a forecast. Game theory ccould move it fast in the mandatory window. Prepare accordingly.
- Mass-closing standard channels trades real fees for imaginary safety. Close specific channels you distrust, cooperatively, early.
- Taking your stack offline fires your own watchtower. Stay online, drain HTLC activity instead if you want to de-risk.
- No on-chain activity you don't need between early August and well past activation. Keep CPFP ammo ready.
- Only custom, non-standard channel constructions are genuine edge-case candidates. You explain to me how to prepare best.
- Watch pool signaling, not twitter. One major pool flipping is signal. Everything else is noise.
Stay calm, stay online, and may all your force-closes confirm on the chain you're actually watching. That said, my node is staying online and you're welcome to open a channel to it if you found this useful. In any case, I hope this wall of text could help you make an informed decision amongst all the noise.
Thank you, I not move over to the dark side knots
link not working
I plan on doing nothing.
where I park myself I think too
I was hoping you'd weigh in on this
Very very good explainer.
Thanks Darth!
I got an offline channel that hasn’t come back since July 9th. I will force close that channel and I’ll wait to open new channels until this event is over.
What a fucking mess!
Exactly the kind of post people needed right now ❤️
Appreciate the practical approach. Too much noise lately.