It's only 100k sats, it just says that when you start using Fedimint, I'm not really sure what the best ones are.

Did you open a channel?

Not yet, using it with Fedimint right now

Something about nodes and channels

Just read this ... I think I get it!

What is the Lightning Network?

A beginner’s guide to the “layer 2” technology that’s making bitcoin payments faster and cheaper

Would you say nodes are like network switches?

Yup. From what I understand, Lightning channels are something like a wallet on the blockchain controlled by two Lightning nodes. There’s a total amount in the channel, and there’s also information about how much each party is entitled to. The fast payment aspect comes from the fact that the distribution of the funds in the channel can be changed by mutual agreement without needing to store this as a separate transaction. Now, let’s say that you have a channel open with me, and I have a channel open with the person you want to send sats to. You give me sats from our channel, and in turn I give sats in my channel with your payee to your payee. I may also collect some small fee. But to open a channel in the first place, you have to have some initial deposit, partly to pay for mining fees. This is all just AFAICT, though.

Cool, thanks!

You’re welcome! As I said, that’s just my understanding from having read a few articles here and there.

No, it makes a lot of sense. Because Mutiny wallet charges a small fee to open a channel

Yeah. All LN wallets do. That’s why I’m using a Cashu mint right now.

This is super awesome

What Is a Lightning Node? Powering Scalable Bitcoin Payments

A Lightning Node enables fast, low-cost Bitcoin transactions by routing payments off-chain. Learn how it works and why running your own node matters.

Thanks for putting in the effort to help a noob pleb 😂

No problem. Although I still feel like a noob myself.