Re: Getting started with the lighting network. How to unlock my btc?
"Bitcoin lighting wallet" android app
As far as I remember, user Anon136 had a similar problem.
The android wallet that I'm using doesn't seem to have the functionality to open a channel where I am the creditor and my partner is the debtor. In other words a channel that I can receive funds on without having spent down first. But just because this wallet lacks that functionality doesn't mean the network lacks that functionality. Tell me if I got something wrong here.
I have just found an important note on the wallet's website.
Quote
In order to receive Lightning payments, some conditions must be met:
Nothing can be received immediately after creating a new payment channel, as room for incoming funds has to be made by spending some funds first. A payment channel can be thought of as a full bottle of water: in order to pour something in one first has to pour something out.
Each channel implicitly contains a reserve which is unspendable and typically takes about 2% of the channels capacity. You must spend that reserve before receiving is allowed. Unspendable channel reserve is the reason you see a negative receive limit when a new channel is full. It indicates how much you need to spend before anything can be received through the channel.
Nothing can be received immediately after creating a new payment channel, as room for incoming funds has to be made by spending some funds first. A payment channel can be thought of as a full bottle of water: in order to pour something in one first has to pour something out.
Each channel implicitly contains a reserve which is unspendable and typically takes about 2% of the channels capacity. You must spend that reserve before receiving is allowed. Unspendable channel reserve is the reason you see a negative receive limit when a new channel is full. It indicates how much you need to spend before anything can be received through the channel.
Source: http://lightning-wallet.com/using-lightning-wallet#using-lightning-wallet
All you have to do is to spend more of your coins which are locked up in this channel. Let me know if this worked for you. You can find more details in the link above.
Thank you very much for your response.
I funded the channel with 300k satoshis and I spent 203k satoshis, I think my "bottle" should be enough empty to create a payment request, but the wallet keeps saying that "my peer is not ready"
