Brian, first of all: I really like that new Logo for the v4v.app. Looks cool! 😎
And I have I have three questions:
Why has it become more complicated to code/build with Lightning the past two years? Not a good thing, is it?
You mentioned that some people used the v4v.app to swap large amounts of HBD into Sats/BTC. What is a large amount? Where would you put the threshold? Like 100 HBD is ok but not 1000 HBD? Just curious since I hadn’t considered this possibility and was surprised there’s obviously people who swap HBD into BTC regularly.
And last but not least: How much HP votes does your proposal 265 still need to get funded? This is really something I lack in the DHF list, a measure scala of how close a proposal is to get funded, like a percentage number.
Anyways, will ask my brother to cast his vote too, he has double the HP than me, should help at least to get it forward.
Many greetings from Germany! 👋🏻
Thomas
Lightning: it's not become more difficult as much as more expensive. The spike in BTC fees which lasted a month caused a lot of people who were messing about with Lightning nodes to lose significant funds when channels "force closed" and they paid out big fess. Those fees were often much larger than any money they'd made routing transactions.
It also made it much harder to economically run a routing node. I'm lucky in that I am actually using Lightning to make real transactions, not relying on others to transfer through my node.
Overall this meant that average fees went up (they're still very low compared to BTC main chain transactions or ETH) but they went up.
I'm about 1m HP short right now. Mostly the return proposal went up.
Ok, yeah I remember you posted this issue with Lightning channels before and then the fees issue. But like coding/building has not become more difficult then. Got it 👍🏻
Thanks for clarifying!
I haven't had to do anything much with my actual lightning interacting code for a good long time. The issue as around the manual management of which channels I have open and how to set the fees on my node so that I have sats in the right places to both receive and send out.
With the removal of a couple of options of low fee destinations, that got a bit more complex and requires more thought and planning.