CD39: running a lightning routing node and plebnet with @phjlljp, @rajwinder, and @aehw1
Sep 21, 2021
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Lightning routing node expert @phjlljp, optimization for routing fees specialist @rajwinder, and reputation systems guru @aehw1 discuss running your own lightning routing node, plebnet, optimizing for routing fees, onchain fee market, and reputation systems in this episode of Citadel Dispatch.
Diversification and understanding intrinsic value are crucial for cryptocurrency investors.
Participating in Plebnet provides valuable experience and connections in the Lightning Network.
Running a Lightning node is essential for sovereignty and future participation in the Lightning Network.
Deep dives
The Role of Bitcoin and Cryptocurrencies as Investment and Cash Alternatives
Many view Bitcoin and cryptocurrencies as a new investment class with significant growth potential. They are also seen as a way to protect against the devaluation of traditional currencies. While Bitcoin has the potential for success, regulatory intervention poses a threat to its widespread adoption. Governments are cautious about the rise of cryptocurrencies and are discussing ways to regulate and control them.
The Importance of Diversification and Evaluating Intrinsic Value
Diversification in assets and understanding intrinsic value is crucial for investors. Bitcoin and other cryptocurrencies do not have intrinsic value like traditional assets. They can be perceived as valuable and have the potential for significant gains, but their value can also decline rapidly. It is essential for investors to consider how much of their portfolio consists of cryptocurrencies and compare it to other assets, such as gold, to achieve a well-diversified portfolio.
Plebnet and the Benefits of Running Lightning Routing Nodes
Plebnet is a community of individual Bitcoiners running their own Lightning routing nodes. The members collaborate to create a robust network of nodes, sharing liquidity and supporting the Lightning Network. While profitability in running routing nodes is currently limited, participating in Plebnet provides valuable experience and connections in the growing Lightning ecosystem. Reputation and reliable node operation are crucial, and the community fosters this trust through channels for learning, onboarding, and supporting each other.
The Importance of Experimentation and Research
It is crucial for individuals to explore and experiment with Bitcoin technologies without blindly trusting narratives presented by others. By conducting their own research, playing with the Lightning Network, and becoming financially sovereign, individuals can take control and find their own path in the Bitcoin ecosystem.
The Significance of Running a Lightning Node
Running a Lightning node is essential for sovereignty and future participation in the Lightning Network. Users should take advantage of the current low on-chain fees to open channels and secure their place in the payments network of the future. Privacy should also be a top priority, utilizing Tor-only nodes and integrating CoinJoin techniques to protect personal information. With better reputation systems and independent analysis tools, individuals can position themselves more effectively within the network.
