Broke Swiss Bank's Posts
This is the right time to start learning how to run Lightning nodes
Posted over 2 years ago
Yep, -50% from ATH. Time to spend the next 3 years learning the tech and starting new ventures.
Update: I learned the tech, its benefits and also its flaws. Bitcoin Lightning is great, but:
Update: I learned the tech, its benefits and also its flaws. Bitcoin Lightning is great, but:
- running a node as a side project is a real job, given the requirements of maintaining the safety of a bitcoin hot wallet funded with >1BTC.
- I do already have a full time job and it's great.
- Profitability from fees is very debatable and this does not help the growth of the network. Race to the bottom only benefits big players, which is fine, but then as a small fish I feel like the risk/reward ratio is very skewed towards risk (hot wallet, running node).
- Autopilot is a great feature and I am sure it will mature a lot in the next 5 years. For now, I cannot spend my whole nights trying to keep cash flows balanced between inbound and outbound. No thanks, this contributes to the profitability concern above.
Once those are resolved, I will be back. I am a strong Bitcoin maxi, but also an engineer and prefer to be facts driven (that's why I started this node) and honest.
Lightning is great, not just fitting my profitability and risk profile. I prefer keeping my sats in a cold wallet.