So 99.9% of users will use custodial lightning? 😀
More generally, I feel like that tends to come from a goal of rarely opening channels/splicing, rather than seeking to reduce fees compared to on-chain. If the outcome for noncustodial lightning is just that you save 75% on fees, is that accomplishing a goal?
Is your reply related to my post? Either way, I don’t know about the percentage, but most people don’t have savings, don’t buy anything controversial and have access to apps from politically stable places, so custodial wallets are fine for them. It’s important others can interact with them from self-custodial platforms, though.
My point was I don’t think it’s possible to educate users about channels - if that’s the car everyone is gonna be in custodial.
I’m optimistic! I often compare it to a prepaid debit card. It has a total amount printed on the front, that’s the capacity. Now imagine you could refill and use the card as often as you like with minimal fees, but if you want to hold more than what’s printed on the front, you gotta buy a new card for a fee. People usually get it.
Prepaid debits are user-unfriendly af, they’re not commonly used, doubly so for regular usage, they’re just gifts.
Yeah that may be, but capacity limits aren’t unheard of, and they’re not hard to explain.
