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Has anyone here set up a lightning channel for their young kids or their parents who might start using bitcoin in the coming years for example? Many people start saving for their kids with cash at home or maybe even open a bank account, but what if you wanted to give them their own sovereignty early on?
Small transactions get eaten away by fees. Sure you can hold onto the funds in your own UTXOs until you're ready to hand them over, but as a thought experiment what is the best way to set them up on their own?
Should you over-fund a lightning channel and then move most of the funds back to the parent's side and then over time push funds back to their end?
Should you start a Fedimint or Cashu mint and just set aside e-cash for them?
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21 sats \ 0 replies \ @nym 23 Apr
@DarthCoin I believe has guides discussing this.
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Should you start a Fedimint or Cashu mint and just set aside e-cash for them?
No. ecash is not for that.
You just have to open a lndhub account with lnbits or a LN account with Lightning Terminal and they will use directly the liquidity of your node.
Yes I wrote several guides about these scenarios.
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From what I know, doesnt maintaining a channel take quite a bit of effort?
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