Replying to Avatar BTCapsule 🏴

Lightning is a hot wallet. It must always be connected to the internet to work.

When Bitcoin L1 transactions are too expensive to practically send to cold storage, are we expected to keep our entire life savings on hot custodial Lightning wallets?
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Beiner 2y ago

Its always going to be cheap for on chain.

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BTCapsule 🏴 2y ago

That depends on the L2 direction Bitcoin goes in. If it’s Lightning, fees will become too expensive to cold storage. Saylor actually talks about this a lot, and says L1 will be the final settlement layer that few have access to

https://delvingbitcoin.org/t/thoughts-on-scaling-and-consensus-changes-2023/32