If you're using the default (custodial) channel that comes with @SimpleBtcWallet you may be at risk losing your funds, given the situation in Ukraine. Check if you have funds in the "HOSTED CHANNEL".
I will open a free non-custodial channel up to 1M to anyone needing help. DM me.
This is especially important, since by design you **can not close** the hosted channel to on-chain.
If you followed my tutorial about how to use @SimpleBtcWallet and closed the hosted channel already, you're good to go.
I will provide instructions about how to get the inbound channel from me to move the funds from the hosted channel into your own control shortly.
Please RT for visibility.
You can also install @PhoenixWallet. It comes with a non-custodial channel from ACINQ, the best connected node in the network. The channel will set you back about 3000-4000 sats, but that's a fair price for instant ability to move.
If you can't recieve via LN through ACINQ or me, the funds aren't there.
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This is what will happen if you're affected: Your node tries to open a channel. The channel funding transaction gets rejected (due to it using already spent funds) but it won't realize that. You'll end up with a pending channel that will never confirm and missing on-chain funds.
If this already happened to you, you need to: (1) Reinitialize your LND wallet by starting LND with
reset-wallet-transactions=true
(2) abandon the pending channels that have invalid opening transactions
Lightning node operators - a thought:
Rebalancing should only be a measure of last resort if there is absolutely no other way to steer liquidity. Setting fees appropriately is working way better. 🧵
A lot of smaller node operators seem to aim for the perfect 50/50 channel balance, aggressively rebalancing, but only unbalancing other perfectly balanced channels, resulting in a perpetuum mobile of liquidity being moved back and forth all the time, paying fees to the pros.
If you're charging fees, you should use those to disincentivize liquidity flowing towards peers that you almost have no liquidity left to. If a channel has all the liquidity on your end, make it real cheap (maybe even zero) to route back. This will balance your channels for free.