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Replying to Avatar Rich Nost

All the "easy"self-chstody lightning wallets seem to just use some "don't make me think" slight-of-hand that is ultimately belied as a really crap tradeoff.

Phoenix: Outrageous fees. Quickly looks like shit when you try to onboard someone with $10 and they receive $8.50.Even once they have a channel, the routing fees are like 10x what they should be. Don't demo this to vendors looking to escape credit card fees.

Aqua: Your "lightning" payment gets trapped in some limbo, where you can't tell if it failed, if it's multi-pathing, or whatever the fuck they are doing behind the curtain. Don't demo this to people who want instant settlement.

Wallet of Satoshi/Breez/Blitz: Last mile of the payment is paved with surveilance. Don't use this if you wa to demonstrate censorship resistance.

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Momo 1d ago

Phoenix has that fee issue. I’ve seen it a lot. But comparing to running my own node or VPS, it’s gonna end up costing less. That said, it doesn’t make sense for small lightning payments to be more costly than on-chain transactions, even if you’re not the node-runner.

I haven’t had the issues you mentioned with LOL though. Maybe because I haven’t used it enough. :)))))

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