Some notes.

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pablo 2022-01-18 13:55:43 +01:00
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@ -187,3 +187,55 @@ channels mature a bit so that I earn some street creed that allows me to get
into more exclusive swaps.
I can already tell it's gonna be quite a few nights of little sleep...
## Plebnet tribe
Plebnet this, plebnet that... I kept reading about the plebs everywhere.
Apparently it's just this bunch of people gathering in telegram to open
channels and help each other out. Old school forum style, like in the P2P
piracy times.
Today I stumbled upon the [plebnet wiki](https://plebnet.wiki/wiki/Main_Page)
and I found quite a few useful things. When reading this and similar resources,
I'm realising that there's a lot of people doing exactly the same discovery
path I am going through with the lightning network. It's very exciting to see
this happening. Will it blow up exponentially? I keep on dreaming awake with
that idea.
Anyways, for the cool stuff:
- I read their hardening page. It seems pretty standard linux security, so I
don't feel I need to take any extra steps in this topic.
- [A small guide](https://plebnet.wiki/wiki/Upgrading_Umbrel_Node) on how to
upgrade umbrel. It seems umbrel is a rather popular choice.
## The self-routing trick...
I was reading a post on the lightningnetwork subreddit when I spotted a
brilliant idea. Like all routing nodes wannabe, I will be having troubles
pretty often with getting remote balance. The only chances to get some are
swaps (which only provides at the beginning), services like LOOP (which come
with a hefty fee) and natural flow of payments (which will only happen with a
lot of time, effort and capital).
And there comes this guy and says: "you can also get remote balance by spending
your money". Brilliant! It's completely true. If I ever need to pay for
something through the Lightning Network, I can just do it through the node and
afterwards refill it through the main chain with new btc. Since I can do my
grocery shopping with bitrefill, that means I have like 300.000sats of weekly
rebalancing power.
So things would go this way:
1. Buy a 100€ grocery voucher through bitrefill. Pay the invoice through an
unbalanced channel of my node. Now I owe Counterweight LTD 100€.
2. When I owe Counterweight LTD a reasonable amount, like 500€, get some BTC
with my own money and send it to Counterweight LTD wallet.
3. Done! No debts outstanding and the channels have been rebalanced.
It's just great. Basically, I'm playing LOOP's role with myself, so I get the
same benefit without having to pay their huge fees. Plus, I do my groceries
with btc. How badass is that?
I just need to be tidy with keeping track of the balances and that should be
it.