lntoolkit move-balance --amount 100000 --from <one-of-your-channels> --to <another-of-your-channels>
LNToolkit provides a number of useful commands to help manage your node effectively.
Here are the most useful:
Tries to move balance from one of your channels to another of your channels.
Operates at a ‘higher level’ than move-balance - auto-balance tries to find which of your channels are most in need of funds, and which channels can most usefully provide those funds, and then it tries to move funds to try to achieve balanced channels.
This command takes a lot of options to configure how it operates.
Generates a report on the current state of the node and its channels. If this is run daily it can provide a useful history of the node.
For now, yes. I worry about people running this code on mainnet right now. Try it out on testnet and let me know how you get on!
Maybe. A channel that has both incoming and outgoing liquidity is much more useful for routing, but that in itself may not be your goal.
Loop is a fine way of managing the liquidity of your channels and it may well be the best answer for you.
This is partly an experiment to see if Lightning makes ‘tip-ware’ viable, and partly to see how well tipping works on the Lightning network. Unfortunately for now the built-in tip mechanism won’t work (it needs ‘invoiceless payments’ and they’re not in the master branch yet). You can tip via Mastodon though - just send me a Toot that contains however much you want to tip, e.g.:
@OpinionatedGeek@mastodon.social #TootMoney #send <amount-you-are-tipping>
and TootMoney will reply with a Lightning invoice. Or alternatively you can use Tippin.me.
I genuinely have no idea. There’s certainly no obligation to tip. The whole culture of tipping is quite strange to me. I suppose one way of looking at it is: do you want to support the work that has been done, and do you want to see further work done on it?
How do you balance a channel? How do you decide which channels need balancing?
The best way to get in touch with me is probably via Mastodon.
Yeah, I know. Sorry if it’s a hassle.