Our hello here is represented by a proof of work that you will find here.

Hope With ₿itcoin

Proof of Work No. 12 – Hope With Bitcoin

We received a total of 35,000 sats from @₿lockchainYog丰.

Thanks to this funding, w...

We would like to have a GM like yours to have more impact in our charity project.

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Yep, it is. Pretty cool that you can open channels for 99sats these days, or even less if you batch more than just 2 channels into one Tx at 1sat/vB.

Unfortunately I am far in the process to have my own node and channels, for many reasons.. Economically is not duable in my position, I mean already a 1M channel for me would be a huuuge thing 😅 as % of total sats and risks involved in a forced closed closure or something I don't even know, as I am a complete nub yet about it. Also first step would be a stable home connection (and not hotspot) to run a node 😂. Anyway, stupid question.. I heard many times that opening small channels isn't a wise thing to do.. but considering the price appreciation in the next years, wouldn't a today 1M channel be a huge thing in the upcoming years? So the question is, would be better to open even a small channel sooner rather than later (in the years)? Not sure I was able to explain myself, sorry my English and non technical speaking 😅🫂

Still kindof a nub myself, but I'll give it a try: It always depends on what you're trying to achieve. If you just want to hold your keys and need a channel only to zap and be zapped, small channels are ok, maybe even make them private, so you're the only one using them. (Lightning-)Fees don't really matter on private channels, I'd do a small zero-fee channel with you if you need one, just gimme a hint. If you want to route other peoples Tx, bigger is always better, in terms of network-liquidity and fee-settings. example szenario: you open a channel for 99sats and assume you might be able to close it for another 200sats. You'd set the fee of a 1M channel to 300ppm, so if the channel just gets drained, you don't lose money. For a 10M channel your low-risk-fee-limit would only be 30ppm though, which means cheaper Tx (and better liquidity) for everyone. And for the sooner rather than later question, that's just a matter of the mempool/on-chain-fees really. Everytime the fees are low is a good time to open (or close) channels, no matter the size, now or someday.