Liquidity for times of high on-chain fees

Posted about 1 year ago by ViñaDelMarBTC

It is important to avoid closing channels as much as possible. In my node I have mostly empty channels. Technically I cannot send a lot of bitcoin with them, but I can receive and store a lot. This is a good buffer for when I need to receive bitcoin in a cheap way when on-chain fees are high. Also since this node is serving family and friends, they can accept cheap bitcoin as well through the LNBits instance they can use to manage bitcoin. The moral here is, always run your own node, and do not close channels, since their value is not in their current liquidity, but in the future liquidity and cheap transactions they will enable. 

1 Comment

LN+

LN+ Admin wrote about 1 year ago

Agreed!

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