Hi and thank you for writing these amazing guides. They've given me a great starting point to dive in and further deepen my knowledge of lightning network. I had a question regarding the following statement:
"Always use a single UTXO and with all the funds from it when you open a new LN channel (no matter if is private or public). Each time you want to open a new LN channel, first send to your node onchain wallet the specific amount you want to have that channel, to a single new BTC address from your node wallet (UTXO)."
I haven't been able to figure out how to do manual output selection when opening a channel in LND and decided to try and use the approach you describe by only making sure there is only one UTXO in the on-chain wallet and opening a channel with the full amount of that output. Sadly, LND doesn't allow that either due to the "anchor channel" feature. They want you to keep a reserve of sats in the onchain wallet in the event the fee for uncooperative channel closing needs to be bumped through CPFP. I was wondering what your thoughts are and if you've found a way to get around this. Thanks!
Hi and thank you for writing these amazing guides. They've given me a great starting point to dive in and further deepen my knowledge of lightning network. I had a question regarding the following statement:
"Always use a single UTXO and with all the funds from it when you open a new LN channel (no matter if is private or public). Each time you want to open a new LN channel, first send to your node onchain wallet the specific amount you want to have that channel, to a single new BTC address from your node wallet (UTXO)."
I haven't been able to figure out how to do manual output selection when opening a channel in LND and decided to try and use the approach you describe by only making sure there is only one UTXO in the on-chain wallet and opening a channel with the full amount of that output. Sadly, LND doesn't allow that either due to the "anchor channel" feature. They want you to keep a reserve of sats in the onchain wallet in the event the fee for uncooperative channel closing needs to be bumped through CPFP. I was wondering what your thoughts are and if you've found a way to get around this. Thanks!