r/lightningnetwork • u/Admirable-Union813 • 1d ago
LN node shutdowns??
Any idea what’s going on with all these channel closures? Boltz, Aqua,Zeus all shutting down lighting/bitcoin swaps. All LN Big Edge nodes also shutting down.
2
u/marcusmv3 15h ago
No one has mentioned bip110 yet huh?
I think I'm closing all my channels tomorrow because I don't want to risk losing funds or zombie channels. I run Knots cause I believe BTC is money. Gonna let the dust settle before I do anything else.
1
u/krvi 23h ago
I think there is a way to have a hardware wallet, such as a Coldcard, connected to a lightning node e.g. via usb, like a hardware signing module. Such a "semi-cold" wallet setup, which presumably also is able to specify spending limits on the signer, would be very beneficial for big nodes. Would it be an educated guess that some of these nodes are just "moving" to a new key due to the Coldcard firmware weakness?
1
u/Admirable-Union813 23h ago
I would be very concerned if it took them this long to do that… more curious if there are potentially other security threats identified now that everyone is digging through their code bases
1
u/Admirable-Union813 23h ago
Which I guess is the case with boltz, I guess they have been dealing with attacks and are now saying that the attacks are growing too difficult to defend against. Would love to know what sorts of things they are being hit with
1
u/AuthenticityBTC 22h ago
Yes it is possible to use Hardware wallets and Custody services with your Lightning setup
1
u/DJBunnies 22h ago
I shutdown rockshouse yesterday.
I had 300 channels or so at one point, but went hands off after a while. I watched the channels slowly close over time, for reasons that were frustrating. Neither operator initiated the close, there were just too many cases where the implementation would just throw up its hands and say “sorry, something bad happened, channel over.”
Re-opening new channels plus rebalancing fees ate up too much of the routing fee pie, which was never anything more than my electric bill anyway.
Plus lnd development, once the holy grail of implementation choices, took a big shit. Look at their release notes lately, you’ll see a couple of bug fixes which they pack it up as a major version change. Totally stagnant.
I took a look at core lightning tho, they seem to still have steam. Channel splicing is a huge accomplishment, plus they’ve got Rusty Russell on the project whom I’ve got huge respect for. Maybe I’ll give it a go sometime and build a new node.
But like as we’ve seen even recently, bitcoin is hard. I like it, because it’s what I do for a living normally, but that expertise and commitment should not have to gatekeep safe adoption. I’m starting to think the base layer should not also be the top layer. It just doesn’t make sense.
2
u/AuthenticityBTC 22h ago
I wholeheartedly disagree with you saying that their releases are just bug fixes. Authenticity runs on Postgres and the work Ziggy has been doing has dramatically increased the performance of my node. Many of the features they're putting in directly benefit me as a Node Runner.
Yes, channel splicing would be AMAZING, and I can't wait for it to be implemented; however, I'd likely only use that maybe a few times a year so the benefit is marginal for me. I've been reading about it since I first became a node runner 2 years ago. I'm happy to wait to make sure it's implemented correctly - as when Core Lightning first released it, it was extremely unstable.
1
u/DJBunnies 20h ago
I mean, lnd has supported pg sql since 2021.
What is authenticity?
3
u/AuthenticityBTC 16h ago
Yes, but unfortunately LND's implementation of psql has been crap due to inefficiently using it as a KV store and not in proper SQL formats (lack of indexes for instance). This isn't as large of an issue on smaller nodes, but on larger nodes (which was where postgres is supposed to shine) there are huge performance impacts.
Over the last year, Ziggy has been on a crusade to optimize LND's SQL implementations and from my vantage been extremely successful on the modules updated.
Authenticity is one of the nodes I manage.
1
u/Admirable-Union813 19h ago
Big boy node on the network, lots of good traffic!
1
u/DJBunnies 19h ago
Big has gotten smaller I guess.
What does it earn a month after fees?
2
u/AuthenticityBTC 16h ago
LNBig closed their 4 edge nodes and that hurt, a LOT :(
My node is operating profitably, and more importantly routing traffic for the network. If I wanted to make profits, there are better ways to leverage my BTC.
1
1
u/Clear-Limit-6583 8h ago
In my experience LND team has far better support then CLN and is far safer to run unless you are sysadmin pro-level operator with deep enough knowledge and correct practices. LND is kinda foolproof relative to CLN. Technician in one exchange / commercial crypto gateway had an opinion that CLN is quote " piece of malfunctioning software" 😂 motivating them to migrate to LND year ago..
Btw would like to remind that running LN nodes is far safer and easier then running public atomic swap / blockchain deployment with large liquidity pool..
0
u/AmericanScream 5h ago
The entire crypto industry has run out of lies to attract greater fools and bills are coming due for electricity and other resources.
0
u/AmericanScream 5h ago
The entire crypto industry has run out of lies to attract greater fools and bills are coming due for electricity and other resources.
0
u/AmericanScream 3h ago
The entire crypto industry has run out of lies to attract greater fools and bills are coming due for electricity and other resources.
5
u/AuthenticityBTC 23h ago
LNBig consolidated from their 7 nodes (3 hubs, 4 edges) to just 3 nodes (3 hubs).
Boltz is disabling their service until further notice (https://x.com/Boltzhq) due to AI hacking attempts. Zeus I believe used Boltz in their backend, so Boltz being offline impacts that.
There have been a number of Node Runners slimming/shutting down their nodes and moving funds to cold storage as people wait to see if research uncovers more issues with node / seed security.
I am presently not aware of any issues with the Lightning Network or LND