Replying to Avatar Derek Ross

fees are high, so we move towards lightning even more than we have in the past. this movement onboards new users. these new users find it very expensive and tedious to open their own lightning channels on their own node, so they'll gravitate towards custodial wallets. this isn't good, but this will pass given enough time.
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πŸ₯©β„π•–π•Ÿπ•–π•˜π•’π••π•– ₿𝕦π•₯π•”π•™π•–π•£βš‘ 2y ago

Maybe this is the push we need to get self-custody wallets on the level of custodial. More people would be self custody if it didn't take a certain nerdiness to get setup. Let's be honest, the average user isn't going to run a lightning node and even those who do struggle with getting a lightning address pointed to it.

Let's make self-custody accessible.

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Derek Ross 2y ago

You're right, the average user is not going to run their own node. Wallets on phones that are seamless are most likely the future here. However, the issue right now is is that it's going to be very expensive to open up multiple channels.

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πŸ₯©β„π•–π•Ÿπ•–π•˜π•’π••π•– ₿𝕦π•₯π•”π•™π•–π•£βš‘ 2y ago

Exactly. So let's put on our thinking caps and make it better.

#believeinnostr