I understand. For me Phoenix was necessary because I can't have my own channel open for long enough.
However, I've seen in phoenix options to disable automatic channel management by them or to import encrypted channels. But I don't know what they are and how to use.
Maybe you'll ask in the other topic which is for general LN install and usage questions.


Afaik yes, especially if you manage your LN node. I think that for me Phoenix will handle if the fee is under my setting.

bump

so i finaly had the time to set down and install umbrel on my home server, it's going to take some time to fully sync the bitcoin node, but i'm getting there.



on a side note, this have been live for a month and some change, i'm surprised very few have joined/intrested.

I'm curious, have you considered partnering with some of the more prominent LN-focused communities like the Lightning Network subreddit or the LND Discord? It might help raise awareness about the initiative and attract more participants.

Update: Due to frequent powercuts in my area I lost some progress made and had to reindex the blockchain.
I don't have a power backup that keeps my node running continuously but I will do that later when I have that capability.
I am currently at 91% and still syncing. Will update here once the sync is completed. Thanks.

nice AI post, but don't you think that would be unnecessary?

i mean, people in those communities are already aware of LND and some of them probably already run a node on their own. and i imagine if they were interested in the forum, they probably already have an account here.

Ok, I am mostly doing this to set a good example for the rest of the forum.
I strongly believe self-custody is the most important thing about Bitcoin and I am happy to see challenges/initiatives like this one.
Good job!

Some Info:

I wanted to do this challenge as naturally as possible.
So, I downloaded Phoenix Wallet again, because it meets the criteria of this challenge and it's a great tool for frequent transactions.
I have prepared the ground for it, knowing that 'd create the node and I 'd pay for my morning coffee in the only place in my area where they accept Bitcoin.
Cool, isn't it?

Node ID:


LN Channel:



LN Payment:




Some more info:

I 've removed some info about my transaction for privacy reasons but if it's not ok, I will post the real screenshot.

---

@NeuroticFish I am ready, let me know if you wanna do it.

Anytime is fine. It will work properly as it will simply sync afterwards. At least that's what I recall, but to try it I will turn off my app now and see if I will receive the payment you will send in the image down below.


Here you are mate.

Fyi, I uninstalled the app completely, removed my wallets from the phone's DB and then recovered the wallet with my phrase. It worked flawlessly.

And I confirm the repayment.

I hope it was clear how LN can facilitate our lives. And keep in mind that I am among those who see multiple issues with LN (not to be discussed in this thread), but I consider it a great invention.

Obviously NotATether will answer, but I wanted to give my personal touch on this.
If you wanna learn only, then there isn't a reason to open large capacity channels. But if you plan to use these channels, you should be better if you opened larger channels now, because the fees are low and opening channels requires an on-chain fee.
Arbirtraliry, I would argue that 750,000 - 1,000,000 satoshis is a great channel capacity for everyday use. It's my sweet spot, but it's obviously subjective.

Any amount of sats is perfectly acceptable as long as you have a couple of well-connected peers.

These kinds of peers are operated by large companies, exchanges and what not and have a quite large minimum channel size.

So I recommend opening a channel first with one of the big players you have mentioned, so that routing your payments is possible, and then connect to whoever you like.