⚡️ How To Choose The Right Lightning Network Channels For Your Bitcoin Node

[@Bitcoinftm]

So, what are some of YOUR favorite things to look at when choosing which channels to open?

[@mattjohnson4527]

great presentation style, you are effective at taking complex processes and making them entertaining and easy to follow. I think if I watch it 3 more times I'll be ready to open a channel

[@Bitcoinftm]

NICE :)

[@danieloshaughnessy6834]

How many channels and how much capacity per channel would you say is sufficient for the minimum to get started?

[@urgetodrive]

2:40 FYI, they added recommended nodes...just looked at my channel and had a slew of recs (including 1 or 2 which I am already peered with...weird).

[@Bitcoinftm]

NOICE!

[@gnentrepreneur]

Hello, awesome content, the thing is that I do not know how to read the numbers and what exactly means inbound and outbound how to really understand what to look for...would be nice a video were you explain it like I'm 5 years old...thank you and getting in there but not quite yet...you are a great tutor by the way!

[@stevenvanbelleghem1330]

Very good explanation, thanks!! keep up the good work!

[@Bitcoinftm]

Thanks, stay tuned, much more coming.

[@weyder]

Great content, keep it coming, just conected a node to you, do you use charge-lnd or any other script to automate fees? Thx

[@Bitcoinftm]

I do use Charge-LND, but only on some channels. I'll have a video coming out in a week or two which explains why ;)

[@weyder]

@@Bitcoinftm nice, thx

[@xandergaldones8792]

awesome man, on your next blog can you share about watch towers, proper techniques in setting fees for channels. many thanks!

[@Bitcoinftm]

Great suggestion! I need to figure out how to use them, then I'll do a video :)

[@Ryan-xq3kl]

Great video! Thank you!

[@Bitcoinftm]

You are welcome!

[@gracienlebel4824]

awesome video, really useful, thanks for your effort Jonathan

[@endthefed5304]

at 8:39 you mentioned the term "one boat". what is a boat?

[@Bitcoinftm]

WUMBO, or "large" - over 16.7M ≡.

[@endthefed5304]

How did you know what to enter in the very first field on terminal web? Lapistano?

[@Bitcoinftm]

I think I just found them on Terminal Web?

[@theswissroadtocrypto]

good and useful- thxs

[@Bitcoinftm]

You are welcome!

[@brunopita450]

thanks a lot !!!!

[@Salty_Crayon]

One thing Ive never figured out without asking the node operator is, how much liquidity on my end is required to open a channel with them? Could you cover that when opening channels?

[@Bitcoinftm]

Please elaborate? I don't understand the question, or I think you are misunderstanding something about lightning.

[@Ryan-xq3kl]

Can you please cover your method of re balancing through fees instead of through circular? I think this makes a lot of sense and is more or less how I initially planned to do my routing before I discovered re balancing.

[@Bitcoinftm]

Great suggestion, recorded a video today about how to rebalance using fees, and I talk about it a bit and how I manage the flows. I'll also likely do a video on fee policy soon, though I'm still learning myself.

[@endthefed5304]

So far, almost 4 minutes in, everything that you've done seems pretty arbitrary as if you have some kind of knowledge of something going in that I don't understand how you got. By the way I'm very tech savvy I've been developing software for 40 years.

[@Bitcoinftm]

Hmm sorry to hear you felt that way, I'll try to explain my logic much more in the future. Thanks fo rhte feedback