Sir Spencer, Wolf of KC :pci: on Nostr: For those curious, a Ring of Fire is a channel opening strategy where we cooperate to ...
For those curious, a Ring of Fire is a channel opening strategy where we cooperate to open channels between our nodes in a circular fashion, then balance all those channels one time once they're all opened. This nets you 2 balanced channels for the price of opening just one, and it's the only way I open channels anymore, unless I need to provide someone inbound liquidity directly who is just starting out.
This ring will be at 500k sats capacity, meaning you'd open 1 500k sat channel and get 2.
Published at
2024-11-18 23:10:58Event JSON
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