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RE: Closing The Loop On The Lightning Network

in LeoFinance5 years ago

I got excited when I seen the topic of the lightning network in my feed and started responding in points before finishing. The first three paragraphs I had were essentially why would you ever want to close channels unless you're ending that node completely? If I need to send on chain then I just do a loop out. Then I got to the last block and realized that was the point of the article altogether! 😂

If you want to share your public node address then the next time I need to open a channel to add more liquidity I'll try to connect with you.

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I think it's for those who may not have the luxury of additional liquidity let's say I am a business, and I need the capital I would need to close my channel, having the loop in and out just gives much more flexibility. I think if they can combine this with RGB and we have BTC backed stable coins on LN, loop in and out will be even bigger

I recently took my node offline and sold it to a friend, I am building a new one now, waiting for my Raspberry Pi to be delivered, once I set it up, I'll share my address and open a channel with you. I also found some peeps on microlancer willing to open channels.