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0 sats \ 7 replies \ @k00b 21 Jun freebie \ on: The largest Lightning channel ever closed bitcoin
Holy crap. A 14 bitcoin channel with $0.95 closing fee.
Given how unbalanced it was, maybe reopening another one was cheaper than rebalancing.
Wild concept. Kind of flips the scalability argument for lightning on it's head.
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I just find it interesting, the idea that it's cheaper to close a channel than it is to rebalance depending on the capacity of the channel.
I wonder how that capacity relates to position and topology.
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No... there's no cause for re-balancing, that's what channel fees (particularly the new new negative fees) are for
The (technical?) founder of OpenNode went elsewhere not to long ago and the French retreated from the US, its also [REDACTED] to have that size in a hot wallet... there are much more likely explanations
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OpenNode is still quite active: https://mempool.space/lightning/node/03abf6f44c355dec0d5aa155bdbdd6e0c8fefe318eff402de65c6eb2e1be55dc3e
They probably just found that the channel capacity wasn't necessary.
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This channel closed in September last year.
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That tracks
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