fee burden remains a difficult concept to explain to users in high fee environments

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MOMENTUM IS BUILDING SHASS

Phoenix has become very easy to manage since splicing, ie only one channel per user.

Yet, folks fail to research how their wallet actually works and how to manage it (basically, liquidity and the fee structure)

In all cases, a high onchain fees environment exposes a big UX flaw of the current Lightning network landscape.

unbothered. fat channels opened at 2 sat/vB. in my lane. stacking. staying humble

Seems like something to celebrate. Higher fees make each piece of onchain liquidity stronger and more valuable. It makes each channel more secure.

Fees have to sustain the miner before the price can stabilize.

Now we know why fedwire is $25 regardless of amount?

Maybe this is why people should use custodial until they understand and actually have a use case for self custody lightning beyond just larping

Phoenix fees are super high. And you will always need to go onchain if they give you just the bare mininum of incoming liquidity

Almost like we have adopted a custodial Rube Goldberg machine that lends itself towards regulatory capture.

Am becoming disillusioned with LN. The UX is pretty terrible and I don’t see it improving significantly in the near future.

The problem nostr:npub1zjx3xe49u3njkyep4hcqxgth37r2ydc6f0d7nyfn72xlpv7n97ss73pvrl was experiencing was incredibly obvious though. The channel he was sending to didn’t have enough inbound liquidity. I highly recommend watching the 3 Blue 1 Brown video on how the lightning network works.

Lightning is definitely still a series of clever hacks though. We need better LSPs or we need to consider some different models for people who aren’t interested in learning how it works and using it properly.

Timeout trees!

Your post is getting a lot of positive feedback.

Added to the https://nostraco.in/hot feed

Soluble problem. The larger tx pay more and the long tail pay less.

As both users and miners move to AI game theory in the next epoch it will become apparent.

The spammers in the middle get bled dry. Stratumv2 and utreexo will help too.

It gets easier to explain, indeed. As it's not small, they will pay more attention to it.

The struggle is real.

All I'm hearing is, "You're not doing it right."

For me it's obvious that I'm not doing it right. That gives me two choices:

1. Learn how to do it right, but what an I doing?

2. Humans have existed for 30,000 years and the occult are in charge so back to drawing board or the cave... Whichever makes sense.

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Payment channels

If the number of sats in the first column plus the number of sats you're sending is greater than the number of sats in the second column, it will take an on-chain fee in order to increase the second columns number to fit it.

Lightning channel inbound and outbound liquidity ought to be more front and center in the UI IMO, but everyone wants to obscure how it works and frustrate the user when it doesn't rather than show clearly how it works and allow the user to be in control.

#[0] Hmm yeah I told the Phoenix people it only makes financial sense to charge for inbound liquidity on a fixed time frame like LNBig does.

Unfortunately, this is one of those things that are going to make custodial wallets more attractive.

I mean, I use it just fine and I understand the system just fine (which is the reason I use it just fine).

Timeout trees. Someone tell John Law to write specs for his papers.

This is why I believe people need to have their monthly paychecks 100% in bitcoin LN channels. Then when they pay their bills they have a shit ton of capacity for next recieve

People are not even trying to explain.

I guess the best resource is https://www.delphi.ai/jameson-lopp

Ya and self-custodial lightning wallets which use LSPs add more complexity to the understanding. There's this notion - imo - that these wallets work similarly to onchain, in terms of ease of use. Meanwhile there's a shit ton of channel management going on in the background.

They make it so easy to onboard to lightning due to not requiring your own none/managing your own channels but that pic shows a major misunderstanding of how lightning operates.

I've made a guide to try and help new users understand how these self-custodial LN wallets charge for services.

https://primal.net/e/note12speh3nefvapp59geqhktt0z2qtpy5vtyv4wmseywnejpaeewgjs02vnxr