CURRENT STATUS: Fed up with Lightning Network, considering whether to come back or not. See below. WHAT HAPPENED: - 03-Feb-2024: node down, ultimately determined due to single bit DRAM stuck 0 failure - 03-Feb-2024 to 17-Feb-2024: full Bitcoin node recovery synchronization, 2 weeks on 1Gbps link! - 17-Feb-2024: triggered LND recovery from security words and backup; result: LND closed all channels - 18-Feb-2024: most channels have finished closing, funds mostly recovered on-chain COMMENTARY: The year long experiment running an LN routing node resulted in many learnings, most of them highly unfavorable to LN. The need to continuously rebalance channels at a loss to a routing node operator is generally unsustainable and an unacceptable core feature of LN, nail 1. The amount of fee-bearing routing is minuscule and does not even come close to compensating channel open/close/rebalance fees, nail 2. Developer community refused to even hear about such issues and operate with incompetent arrogance, nail 3 and a rather big one. A hardware failure (an expected occurrence) with node backed up per guidance is recoverable, but force closes all previously open channels, inflicting further unintended loses due to on-chain fees, nail 4. There are a few more smaller nails, but as it stands, after having all my channels closed without my explicit intent, I think I have probably run out of nails. It seems to me that LN is quite broken as a protocol and devs are too arrogant to consider mitigations, so ... my sense is that the future is almost certainly not Lightning. Location: Waterloo, Ontario, Canada
Ratings & Badges
5 Happy
0 Sad
Opener
Social
Verified
This bitcoin lightning network node identified by the pubkey: 0296f95684943732620953a9551224543f03485ff0464cf0e4bad07375c1823533 also known by the alias: Rampage is accessible on the lightning network address: 0296f95684943732620953a9551224543f03485ff0464cf0e4bad07375c1823533@5udnjrzyuidh2245f7bn3nwu2l4k54n4jb7thg3vmfebflqhv24hbxid.onion:9735 .
The node has 1 channels, and a total channel capacity of: 300,000 Satoshis, which is equivalent to ~0.003 BTC. The node's physical location and IP address is protected by the Tor network to preserve privacy. The node's hex color is #bf00f0. The information regarding this node and it channels has been updated last on 2024-11-22 16:04:26 UTC.
This node page has been claimed by user: Rampage and has been verified through a digital signature as well. The user has created their account almost 3 years ago, and has been last seen about 2 years ago.
The user has participated in 5 swaps on LightningNetwork+. The node operator has opened 5 channels to LN+ users through Swaps. The user has received 5 positive ratings from other users.
To learn more about this node, including historical data visit the following lightning network node explorers.