Nostr Web Client

Replying to

TKay

Lightning transactions are now more expensive than on-chain transactions.

And I expect this trend to continue. Lightning UX is much better than on-chain, no doubt it will be more expensive.

Generally speaking, in the world of business, Faster is more expensive.

Jestopher 1y ago

What math are you doing?

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Discussion

TKay 1y ago

Not math. Real experience.

If you are sending small amounts on lightning they can find cheap routes, but try sending larger amounts and you will feel the pain.

Jestopher 1y ago

What's the realm of payment size you're doing?

Are these payments for commerce or for managing liquidity?

TKay 1y ago

Say you are sending a friend 1m sats.

Does it matter if it was for commerce or managing liquidity? It’s a cost we are paying.

NotBiebs and 69 others 1y ago

Yeah maybe, but the payment is instant

NotBiebs and 69 others 1y ago

Also, doesn’t create a change UTXO which could be small and is more private

TKay 1y ago

Yeah, that’s exactly what I’m saying. Lightning offers value, that value will be priced. And we might end up with expensive lightning as well.

That’s where my head is at.

Jestopher 1y ago

To me it does since when I rebalance etc I'm executing an arbitrage and moving much higher volume than normal for which the pricing matters.

TKay 1y ago

Yeah, and costs a lot to do that.

Analogue Dog 1y ago

Show me some numbers

TKay 1y ago

🐉AT ₿01 1y ago

a million sats is an absolute fortune In the future however

Analogue Dog 1y ago

It could be that you're sending from / receiving to relatively isolated nodes. Have you tried setting a maximum fee?

TKay 1y ago

Can you set a maximum fee when paying an invoice. I’ve never tried it before.

Analogue Dog 1y ago

Yes - the spec allows this to be set on a percentage or absolute value basis. Some wallets may not have implemented this. Indeed, some even game the routing so they can skim higher transaction fees.