Replying to Avatar techfeudalist

I’m personally starting to believe that non-custodial Lightning is “fine”. It’s just that it will be used for exchanges between large institutions and federations and it won’t be used by the plebs.

I’m making this assumption because it requires L1 transactions which are only going to get more expensive. Paying hundreds of dollars for channel opening fees is likely.

We, the plebs, are probably going to be increasingly bumped to higher levels like fediment and ecash.
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Satoji 1y ago

Which timeframe are you thinking?

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techfeudalist 1y ago

Honestly don’t know. I kinda see it as a progression over time. As L1 fees continue to increase, more folks will move to higher levels as the UX improves.

For example, I find myself on Liquid right now because non-custodial Lightning seemed too expensive for my use case (distributing small payments to nieces and nephews).