Nostr Web Client

Yes but aren't the fee much lower with the new Phoenix than Breez flat fee in % with a minimum of 2500 sats or so?

The minimum 2500 is just for the channel open, if you open a channel large enough that 2500 should be one time barring any other onchain channel openings or fees to withdrawing on chain. And previously both Breeze and Phoenix functioned this way. So LN payments were much cheaper than the initial flat fee.

Now Phoenix is charging .4% per tx on LN, and apparently my inbound capacity can be shrunk via splicing just by withdrawing on chain. My fees in Phoenix have jumped considerably with the new splicing update in just LN tx alone.

And if I need to be constantly opening and closing channels again if I go over my now lower inbound capacity before withdrawing on chain, I'm not really seeing this as lower fees than before. If anything on LN I've been paying 4-5x what I was before in fees.

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Discussion

j 2y ago

Head back over to nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq until this new update and fee structure is understood. WoS seems to always work. And you can get a custom Lightning address.

Breez seems to be pretty straightforward to me if you’re still looking for self custody Lightning.

poe😱 2y ago

Alby and WoS are good for zapping and better interoperable with some withdrawals from other apps like fountain, less fussy, but for my self custody lightning definitely sticking with Phoenix and Breez for now.

More just taking note after having used it a couple weeks.

j 2y ago

nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 works well for zapping too. Strike is by far one of the most versatile applications when it comes to a payment rail. It’s absolutely game changing.

boston wine 2y ago

Big fan of strike for my KYC’d DCA too

nobody 2y ago

Such a backhanded thumbs up for nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 😂

Removes leather glove slowly, raises it slightly and whack to the right cheek very hard.

boston wine 2y ago

🤣🤣

In fairness I really do like the platform. Just within necessarily specific bounds

nobody 2y ago

Agree 💯

The Daniel 🖖 2y ago

As a custodial service, they are restricted from serving New York, of course. We’re forced by the state into non-KYC and self custody, which is rather ironic.

boston wine 2y ago

Such a shame 😉