Thoughts on Phoenix fees

It cost me about 3K sats to send 1M sats to on-chain/cold storage

Today that’s about $1 to send $260

If I bought something at a retail store for $260, the store would pay the payment processor 3%, and then mark up their products by an extra 3%, and I would pay approximately $8 extra per item in hidden margin

I just paid a fraction of a percent transact in and securely store the soundest money ever created, and the proceeds went to two entities who are providing a high quality service: Bitcoin miners and Phoenix/ACINQ.

I’m a happy customer. And bullish af.