Nostr Web Client

If I open 10 channels in batch (enough to cover most people’s needs) this will cost me 76cent per channel on high priority.

Seriously? This is supposed to be the big killer of lightning?

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 2y ago

Did I say Lightning killer?. Are you saying that this is no problem?

Now after you opened that Channel you would need to pay more than 7 usd to close it as you won’t be able to do batch closing

Plus for normal people with mobile Lightning wallets they don’t have ways to easily open 10 channels in batch

In addition each channel needs to be big enough now to manage safe closing

So please I understand your point but let’s put fanatism aside and be realistic in what we talk

I’m a hard core bitcoiner, love bitcoin, but don’t come and tell me that this is just ok

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Discussion

Michael Anton Fischer 2y ago

This is ok. We always knew that high fees would come, which is why we built Lightning.

Most people don’t need to open/close channels more than once a year, the stabler Lightning implementations become the less you’ll need to close channels.

If you think this is a problem you are deluded. If you use a credit card you have more fees per month than a node costs in a year. Just because you don’t see it on your credit card statement doesn’t mean you don’t pay it.

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 2y ago

Man,

You are talking to the wrong person. I perfectly understand how LN works, have been running my node for years.

Worked for bitcoin for some time creating products for people

So please

A high fee market is unavoidable.. we all know that. I just hope that by then we have figured out how to add trustless solutions to it to scale without compromising security on l1

Having high fee market earlier than that will simply make most people use custodial solutions (even here we just know that it’s all custodial Lightning)

So I’m just hoping we find a way over y time to make self custody scale

Michael Anton Fischer 2y ago

Why do you keep talking like a FUDster 💩coiner?

Many people will chose custodial no matter the transaction fee for opening a channel.

But spreading this FUD while operating your own node is still orders of magnitude cheaper than using a credit card is just ridiculous.

We don’t need no enemies of Bitcoiners argue this badly.

𝖋𝖎𝖆𝖙𝖉𝖊𝖓𝖎𝖊𝖗 (¯`◕‿◕´¯) 2y ago

This is caused by shitcoiners try to outshit each other while boxing other people out. You can pay $7 fees but a lot of people including merchants can’t. Think more than for yourself

Michael Anton Fischer 2y ago

It’s BS. Merchants pay $7 fees on just $250 card transactions.