if it doesn't confirm within 24 hours, the channel gets closed at a much higher fee.
I think it will happen to me... i used 4 sat/byte . I thought "I am not in a hurry, i am not transferring to anyone"
If there was achange output, you can use CPFP on it.
Edit: But, I will be "charged" for closing the channel? How am I going to be charged, if I am the only one with the private key? Theoretically I would have to go to the wallet and pay this fee for closing the channel, right?
Or is Eclair getting my keys and closing channels after 24h? This is not clear to me.
Edit2: Just saw that to open the channel I needed to transfer 0.001 to another wallet.... so they have the keys... That is basically a loan.
I admit I don't know all the details of LN under the hood, but from what I understand you've send the funds to an address that both you and the node have some control over. I think your wallet gave the node a signed transaction which can be used to close the channel. So the node can decide to close the channel, thereby initiating another transfer (with a predefined lock time) to close the channel. When that happens because it's unconfirmed, the node does CPFP.
More of my experience with it
here.
I didn´t knew about it. I understood now what people were saying when they said nodes were becoming banks.
I don't think that's entirely correct. The "banks" problem is more when nodes become very big and LN becomes very centralized, but even then anyone can still create their own node.
99Bitcoins.com can explain it much better than I can:
if I want to transact with my friend, we open an off-chain payment channel between us.
~snip~
Simply put, my friend and I write down how much each one owes the other without ever exchanging the money until we choose to settle the bill.
~snip~
When you open a payment channel, each of you deposits a certain amount of money that acts as a security deposit.
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further reading)