Without a doubt, the most confusing part of running a Bitcoin Lightning Network Node is pricing and fee structures. ppm? Base Fee? How much should you charge? Flat rates? Proportional pricing? Or what?

In this video, I sit down for an extended conversation with top Lightning Network Bitcoin Node operator Carsten Otto, to discuss the various strategies people employ to run a lightning network node successfully.

We discuss the prevailing Bitcoin lightning network pricing strategies, as well as their pro's and cons, and share our experiences running a Bitcoin full node.

🎥 IN THIS VIDEO 🎥
🟧 Why does this matter for running a Bitcoin Lightning Network Node? 0:00
🟧 Who is Carsten Otto? 01:29
🟧 Meet Carsten 02:51
🟧 Why is Lightning Network routing pricing so confusing? 11:36
🟧 Lightning Network Pricing Strategy #1: Fixed Price Routing - Pros & Cons 17:06
🟧 Lightning Network Pricing Strategy #2: Dynamic Pricing - Pros & Cons 23:26
🟧 What would a "perfect" pricing strategy look like? 28:23
🟧 Lightning Network Pricing Strategy #3: Human Judgement - Pros & Cons 36:28
🟧 Zero Base Fee... what's the deal with that? 43:40
🟧 Summary & Conclusions: What do we know now, and how can you improve your Lightning Net work Routing Node? 48:46
🟧 What is Carsten most excited about when it comes to Bitcoin? 50:54


⚡️ RESOURCES MENTIONED IN THIS EPISODE: ⚡️
🟧 Carsten Otto's Website: https://c-otto.de/
🟧 The Bitcoin Standard by Saifedean Ammous: https://amzn.to/3ul325E
🟧 Rebalance LND by Carsten Otto https://github.com/C-Otto/rebalance-lnd
🟧 My tutorial video for Rebalance-LND    • ⚡️ Rebalance Your Bitcoin Lightning N...  
🟧 Installation Tutorial for Rebalance LND https://yalls.org/articles/97d67df1-d...
🟧 Charge-LND repricing script https://github.com/accumulator/charge...
🟧 Installation Tutorial for Charge-LND https://yalls.org/articles/97d67df1-d...
🟧 Celsius (Earn 6% interest on your Bitcoin): https://jle.vi/celsius
🟧 BlockFi (Earn 6% interest on your Bitcoin): https://jle.vi/blockfi


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