Replying to Avatar Saberhagen The Nameless

Maybe best SoV so far, but not the best MoE.

The more it is adopted the poorer you get the mroe often you use it (ridiculous tx fees especially in the future), and it isn't fungible or private.
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Lucid 2y ago

Are you aware of lighting?

If you're saying adoption has an inverse relationship with wealth of owners, what happens once it's all mined and no more is produced?

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Saberhagen The Nameless 2y ago

Yes, I'm aware of lightning. UX so terrible ~90% usage is on custodial, closed source wallets. Something like 0.02% of total Bitcoin usage after 8 years. Very different security tradeoffs as well. It is far from the panacea that was sold. Big blockers were right it seems.

The more Bitcoin is used, the more demand, the higher the tx fees. And once it is all mined tx fees will have to be insanely higher to make up for it. It is the exact opposite of what you want for a MoE. Bitcoin acts more like a commodity than anything.

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Lucid 2y ago

Bruh I love muun wallet though lol

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Saberhagen The Nameless 2y ago

I don't think Muun is a "true" lightning wallet. It swaps onchain iirc.

Phoenix wallet is probably the best UX for LN imo while remaining non custodial and trustless as possible.