or it's something related to how submarine swaps work i have no idea
don't want to accuse them without knowing how to verify all that
Discussion
I think its like youre saying, the way they process the submarine swaps with micro utxo sets on chain do something with fee rates with larger amounts of sats on LN and on chain.
Although I'm not technically equipped enough to fully understand what's going on.
I wouldn't call it stealing or unsafe to store sats on, just... something more complicated going on behind the scenes to make it as easy as possible for the user.
Trade offs.
Right. Do you happen to know if there are fees to transfer from Muun to hardware wallet/paper wallet?
Definitely going to be on chain fees. Mine usually sit at around 2000-3000 sats from Phoenix. I've had then go as high as 7000 when I was using muun.
LN to LN wallet muun seems to have lower fees for small transactions and higher for larger transactions in my experience.
But again. I'm not shilling Phoenix. Just my current set up led me to there.
I'm still trying to wrap my head around all this channel liquidity. How many hops. How that all contributes to fees. It's a lot sometimes...
I don’t think i will ever figure it out lol. I just want btc. I can’t deal with all the technical aspects to figure it out. No one will want btc if its this complex.
This aside from government interference is what I perceive to be the biggest hurdle. The centralized on-ramps help people get started but then it doesn’t benefit them in the slightest to keep the “simplistic” perception as they will eventually need to self manage their own coins
Yup. Cant wait for gov to ban all these apps and hardware wallets and make btc illegal lol 😆 Future scares me.
Lol China tried that, foolish to try and replicate their strategy. But people in power will do anything to stay in power
they cant ban
you'll always be able to get to download open source software wallets or build e.g. your own seed signer
they can try to control the supply chain but people will always stay creative and find roundabout ways
only thing is learn to do stuff through vpn and tor .. maybe on dedicated devices; but that's something for in further future
I struggle with this concept as well.
Maybe in our lifetimes it remains a group like anything else, religions, governments, countries, states, borders, cities, demographics, opinions.
Maybe I just found the cult I am willing tk drink the Kool-aid on. 🤔
My fucking spelling is going to be the death of me.