Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
EDIT: Loaded up another BTC onto the node. Going to see if I can't figure out how to manage a LOOP channel, optimally.
I don't like not being able to understand something. Gonna try to fully get a better understanding of the LOOP mechanics...
I might come to you for lessons. I have done nothing with loop in that way yet. I have looped in and out, but not set up a loop channel...
*edit reducing image so "coming for lessons" is in a better context*
LOOP must have some sort of automated system for closing channels that are out of balance... 80%/20%
So far all 3 channels i have had opened with LOOP seems to be one way, me to them... i have never received a single SAT from a LOOP channel...
Maybe it is the nodes i am connected to, seems to be one way traffic. Anyhow, it seems you have 2 options, more/larger channel or higher fee or both... maybe 3 options
This third channel i have opened with LOOP seems to be the longest in duration... but still only one way.
On a side note, don't open any channels unless your fees are set according to the mempool. I thought i had lost 28,000,000SAT (0.28BTC)... Mempool was 30mb, but i did the tightass thing as set 1sat/vbyte instead of the recommended 8sat/vbyte...
Transaction was stuck in the mempool for most of the day, then pow! it disappeared!... my LND was showing unconfirmed onchain balance of 0 and the transaction was missing in the mempool! but the LN channel was still pending.
NOTE: if that ever happens to you, restart LND, it will rebroadcast the pending channel to the mempool and show the correct balances. Pheww!... was going close all the channels and throw it in the bin if it didn't fix itself!