okay, so i spent awhile trying to wrap my head around lightning liquidity, and i need someone to check if i’m correct here:
if i wanted to purchase ~$100 p/week in non-KYC BTC over the lightning network (using Robosats), and then maybe when the balance hits like ~$1500 i’d probably want to move these funds on-chain, mix them, then send to cold storage
now, to do this i think i need to establish a channel with a well connected node and that channel would need about $1500 of inbound liquidity (and i’d probably want to keep maybe $500 in outbound liquidity too, just in case i wanted to spend on lightning more generally)
then, as i buy non-KYC BTC i’ll have that liquidity move from inbound to outbound, to the point where after 15-weeks i’ll have no inbound and entirely outbound liquidity in this lightning channel
what then? i would want to rebalance this channel, so i’d have to use an option like “loop” or “boltz”, where i would send all my outbound liquidity back over the channel, this would switch my $1500 of outbound liquidity to $1500 of inbound liquidity, right?
and then, with these “loop” and “boltz” services they would then send me the equivalent of $1500 on chain BTC to compensate me for moving all my outbound liquidity over (taking some 1% fee or whatever in the process)
then i just rinse and repeat the process?
seems like when they add “splicing” (resizing channels) it would be a bit simpler
i.e. when all the inbound becomes outbound then i can just create a movement for all the outbound to move on chain, and at the same time i can throw some more liquidity into the outbound to refresh it
yort
npub156…03y3s
2023-06-24 00:37:38
Author Public Key
npub156ndcn2xqlav8wrty2gk8x9qtmen7wx2uhl2hmrxsvkwq2duza2sw03y3sPublished at
2023-06-24 00:37:38Event JSON
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"id": "1fc274a070dcf13960d09e1a5fa02b1b7dda02ad0c389ee793be303f03e1524d",
"pubkey": "a6a6dc4d4607fac3b86b22916398a05ef33f38cae5feabec66832ce029bc1755",
"created_at": 1687567058,
"kind": 1,
"tags": [],
"content": "okay, so i spent awhile trying to wrap my head around lightning liquidity, and i need someone to check if i’m correct here:\n\nif i wanted to purchase ~$100 p/week in non-KYC BTC over the lightning network (using Robosats), and then maybe when the balance hits like ~$1500 i’d probably want to move these funds on-chain, mix them, then send to cold storage\n\nnow, to do this i think i need to establish a channel with a well connected node and that channel would need about $1500 of inbound liquidity (and i’d probably want to keep maybe $500 in outbound liquidity too, just in case i wanted to spend on lightning more generally)\n\nthen, as i buy non-KYC BTC i’ll have that liquidity move from inbound to outbound, to the point where after 15-weeks i’ll have no inbound and entirely outbound liquidity in this lightning channel\n\nwhat then? i would want to rebalance this channel, so i’d have to use an option like “loop” or “boltz”, where i would send all my outbound liquidity back over the channel, this would switch my $1500 of outbound liquidity to $1500 of inbound liquidity, right?\n\nand then, with these “loop” and “boltz” services they would then send me the equivalent of $1500 on chain BTC to compensate me for moving all my outbound liquidity over (taking some 1% fee or whatever in the process)\n\nthen i just rinse and repeat the process?\n\nseems like when they add “splicing” (resizing channels) it would be a bit simpler\n\ni.e. when all the inbound becomes outbound then i can just create a movement for all the outbound to move on chain, and at the same time i can throw some more liquidity into the outbound to refresh it",
"sig": "72fc6b85b238ad5596db98bb5c893f783c82a5bdee898bdbc52fb3baa8cefce62571d5f9219233a5b6ad1d9daf89def6c6a1edf74030aae153192b57a2dbd3e7"
}