My mom can call her node "Binance". Is there any evidence that it's actually them?
And will they still charge insanely high fees to withdraw? (low on chain fees didn't stop them from doing that either)
My mom can call her node "Binance". Is there any evidence that it's actually them?
And will they still charge insanely high fees to withdraw? (low on chain fees didn't stop them from doing that either)
Lol no, we just love to speculate, but if this is your mums node, she's got a lot of Bitcoin and is seriously over committing capital to capture not much routing fees
Most likely they will charge a high fee, their customers clearly don't mind, they want to custody with binance, and if you're skipping on-chain fees and you can bring that into your bottom line and your customer base doesn't know the difference, then why not?
I could see them even waiving deposit fees so they can get LN capital in but having a high withdraw fee to reduce capital going out, since they can make more rehypothecating funds in their platform than routing payments on LN
She's getting older, I should probably have a chat...