⚡️New Bitcoin Lightning Network Node? How to Get Inbound Liquidity FAST

[@Neko-san]

Can I use the Loop Out method multiple times in a row to have even more inbound liquidity?

[@jamesgiuffre-r2z]

Appreciate the detailed breakdown! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How should I go about transferring them to Binance?

[@cryptoyor]

Excellent info as usual, thanks Jonathan, soon 100K subs! let's go🚀

[@Bitcoinftm]

I really hope so!! It’s an uphill battle

[@AmosMoses777]

Looks Like Ln2me have some fairly stiff requirements for setting up a free balanced channel. Already have 10 public channels open and 20M capacity.

[@Bitcoinftm]

Oh wow. Wasn’t always that way! Thanks for letting me know

[@JacobNozicka]

You you still use dial up internet?

[@Bitcoinftm]

Lol no, why?

[@russelldriver6394]

Hey Jonathan, so for people who just download lightning wallet like Muun for example, does this just mean Muun is allowing users to use their inbound liquidity on there own channels and I guess charge them transaction fees?

[@dipunm]

Your Muun wallet will have a channel with their lightning node. You will have your own inbound and outbound liquidity as soon as you fund the wallet for the first time. Muun's software will manage it for you based on an algorithm but it is easy enough because they get their liquidity from 2 sources: 1. Your deposit (will become outbound liquidity) 2. Their capital (will become your inbound liquidity) This means that your Muun wallet can only create channels with their nodes. This simplifies things for you a lot, but there are tradeoffs (but no big security tradeoffs 💪) If you try to receive more than your inbound liquidity, then the muun wallet will open another channel to take the payment on the fly. You can't send more than your outbound liquidity... That is always your balance. You can't spend more than your balance.

[@russelldriver6394]

@@dipunm Thank you for that indepth explanation , appreciate it! I am slowly getting my head around it all!

[@Bitcoinftm]

Yes, for most wallets that’s correct. Some other wallets like Breez open a node for you and then charge you to open a private channel with them. However, some also do submarine swaps, muun is one of them. There are various solutions, but all of the apps handle liquidity for you.

[@whatthefunction9140]

So confused. What is the benefit of doing any of this?

[@Bitcoinftm]

This is for Lightning routing node operators, so they can route more ≡ as I mentioned in jle.vi/nodeprofitability It’s not relevant for users who use custodial wallets like bluewallet or whatever.