Gm ☕️☀️ Running a full Lightning node is still too complicated and costly for most people no matter how many of you keep parroting the "run a node" mantra that's been going around. Mmkay? Mmkay. 🫶
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Good morning ✌️🧡
I self host a lot, but running a lighting node is like a career path.
💯🤣
Agree here. I don’t want to capitulate on it’s too hard to run a node, even an LN node.
Running a profitable routing node is a challenge, but a personal spending node is not difficult.
Bitcoin nodes, not lightning.
Morning☕😊
Yes, is right that is not easy.
But many forgot to specify WICH TYPE of LN node they should run:
- PUBLIC - for public routing, that indeed require a lot of knowledge, resources and capital
- PRIVATE - only for private use, with few private channels, connected to good LSP and done.
I wrote several guides about these aspects, but who really want to learn more about Bitcoin MUST read.
Bitcoin is not for the weak, is only for the breave !
1. About nodes
2. About wallets
3. About merchants
4. About beginners
DarthCoin Guides
Nodes Guides
Bitcoin and Lightning guides
DarthCoin Guides
Wallets Security Privacy
Bitcoin and Lightning guides
DarthCoin Guides
Merchants Guides
Bitcoin and Lightning guides
DarthCoin Guides
Beginner Guides
Bitcoin and Lightning guides
💯
Liquidity for opening channels is the biggest factor IMHO.
A 1M SATs channel is USD635 or so....
If your a value creator or small start retailer and need inbound liquidity this is a stumbling block.
After this channel balancing is another issue.
If you have the funds to open some good size channels, joining a ring of fire is a good place to start.
Your guides are always great 🔥💜
The posts from the last few days began after Phoenix announced they were removing their app from US app stores so it has been about lightning nodes specifically.
Both !
Private/unannounced channels should be the default setting in every node implementation when opening new channels. Users should have to explicitly choose to make a new channel public, and their node implementation should warn them what that means and what routing is.
Running a bitcoin node is only effective if you actually connect your wallet to it. Everyone who holds bitcoin should do it. Running a Lightning node is too costly and complicated of a task for most people.
This is probably more on the nose than we yet realise...
Good morning ☕️ running a lightning node is definitely not for the faint of heart
Why?
Because private channels don't route other people's payments. Most people who need a node only need it for sending and receiving their own payments, and private channels do exactly that. Public channels are announced to the network and can route payments but unless you are going to dedicate significant funds to open larger channels and run a reliable routing node then it's unnecessary to have public channels on your node.
Just yesterday I spent reading about this topic mid-morning, it is extensive and requires medium-level technical knowledge. But above all of capital.
All of which is more than most people have. Lol 😂
Thanks again for putting these together @DarthCoin ₿⚡️
Wonderful stuff!!
And I see many clueless noobs nowadays very excited about running their "mobile LN node with Mutiny"... when in fact they are not far from using same old WoS...
Mutiny wallet default on mutinywallet.com domain.
That means:
- you own the LN node keys, yes
- you can manage your own LN channels, yes
- but you DO NOT own that domain.
If that domain goes busted (and can be any time), your funds CANNOT be accessed anymore.
I suggest to everybody that use Mutiny to review very seriously their setup and run their own Mutiny server.
I really do not understand why we do not see any Mutiny dev and many other influencers encouraging the users doing so!
Here you have the documentation:
Or run it with Start9 (is already in their app store)
Alternative guide here:
I suggest to everybody that use Mutiny to review very seriously their setup and run their own Mutiny server.
I really do not understand why we do not see any Mutiny dev and many other influencers encouraging the users doing so!
Here you have the documentation:
Stacker News
Mutiny users: do you run your own Mutiny server / node? \ stacker news
Mutiny wallet is a LDK node for mobile. But require to run a LDK node and a backend server on another machine, using your own domain. https://githu...
TFTC – Truth for the Commoner
Self Hosting Mutiny Wallet
One of the main reasons that I'm so interested in Bitcoin is that it has the potential to usher in a new era of world peace.
You can run a node in your phone 😉 @ZEUS makes it’s easier
Damn good point
I use Breez. Cheaper fees.
I’m just saying that there are options that makes it easier already vs few years ago
I’ll just get a helicopter license instead. Probably easier 😂😂🫂
Absolutely 💯 Phoenix was also one of them, which everyone pushed and now that they made that decision (a bad decision imho) people are shouting "run a node" which implies doing more than a mobile node, or maybe they just didn't know Phoenix was actually a node. Zeus, Breez, Blixt, etc are all good mobile node options.
Valid point sir, thanks for the motivation.
this is such good advice. a lesson i learned the hard way. really should come as default, or at least explained better
being a computer nerd I probably have a duty to run my full lightning node...
💯 I don't know why it isn't the default for new channels. It should be.
Lightning still sucks
Yeah I wish I could kill my node now. Got pool or some shit for a year
This has always been my issue with Mutiny. Points of centralization quickly become Single Points of Failure in the fight between Bitcoin and Fiat. A Tor-only version would be a good first step to avoid complete and sudden shutdown.
What is a ring of fire
I need to really make some time to read up on this
We should not discourage people from running a BTC node, and we must make that distinction. People should be running their own node. Full stop. The choice to run a lightning node along side it comes later.
I think it's dangerous to throw discouragement and confusion into the mix that could stop people from running a BTC node. BTC requires you to be sovereign in a hostile environment and we haven't seen it at the heights of hostile yet.
So I'll say it again. Run a node!
Good point!
I had some forced closes with Mutiny so might revisit down the track.
That is something else.
Mutiny as a whole, LN node is OK, works pretty well for such a new app. I have nothing against it.
I use it and also I installed my own server, testing stuff.
The only thing I want to raise is this aspect:
- Users are not well informed about the risks running the default settings. A simple warning in the app is NOT enough. The dumb normal user will just hit the next button and go away.
- lack of documentation about running your own server and such and is not easy, even if you do it.
- promoted everywhere as self-custodial, when in fact is not by DEFAULT
This is just a warning for regular users.
If you do not run these services on YOUR OWN SERVER, Mutiny is not different than WoS.
YOU HAVE BEEN WARNED
Can they rug your sats in a LN channel?
Not really, but if the default domain where resides goes buisted, you cannot access anymore your channels.