[GUIDE] Installing charge-lnd (in a docker) to automate your fee policies

General Discussions
63

DEAD WRONG. You will NOT make any profit. That’s just pure bullshit promotion to make noobs believe they can earn money with running a LN node.
Let’s recap a bit and please pay attention:

  1. A LN node is not a “milk cow” to have “passive income”. Forget about this bullshit idea. Will need some good years until you can earn some significant amount of sats to be considered “income” or “profit”. Don’t be fooled that others will say “in x months I earned x sats with my node”, they say that just to make you lose more sats and profit from you, because you are noob that do not read and learn more about how LN works and you fall into a trap thinking that just by having few LN channels you will get rich.

  2. You run a LN node firstly FOR YOU, for your own payments to be done in a private and full custody by yourself. As I explained in Getting started with Umbrel node guide, before you start running your node, think about WHY you run a node and adapt it your needs.
    You do not “support the network”, that’s another fallacy. You support YOURSELF, you give to yourself the custody and the power of running a node. The network doesn’t give a shit about you and your “support the network”. By empowering yourself, you are making the network stronger, by each individual regaining his financial sovereignty.

  3. You manage your LN node according with your needs are a LN user:

  • have good peers - with at least 20-30 channels, low fees, high time online
  • have channels with those services you are using, paying them directly through those channels
  • expand your connections when is needed, depending on your spending habits and liquidity you have
  • do not put into your LN node more than 30% of your all BTC stash, if you are just a regular LN user.
  1. If you really want to be a big routing LN node, YOU NEED TO BE A REAL BANKSTER, YOU NEED TO PUT A BIG AMOUNT OF SATS. Yes, in that moment your liquidity can be rented to those in need and you can get sats in return, But this require a very good knowledge of how LN works, having well prepared node machines (not just a shity RaspPi) and have good knowledge of economics.
    Yes, we are talking about a business of running channels, a channels factory. But this can’t be achieved with your shity 20k sats you earned from a faucet and now you want to put them to generate “passive income” :slight_smile: :slight_smile: :slight_smile:
    Running a routing node is a serious work not a game and if you do not know how to do it, you are doing more harm than good to the network.

I hope many will read and understand these aspects.

4 Likes