Subnostr

I see people talking about lightning fees rising because #bitcoin fees are rising like that means lightning doesn't work. Let's look at a couple of my recent TX, 145 sat lightning fee vs 27,000 sat on chain. 186x the fees to be on chain. I think that is successful to me.

Yeah, lightning fees are disappointing. So are people with strong opinions who either don't really use bitcoin or can't do basic math.

I know lightning has real issues but TX fees don't belong on the list.

Dr. Hax 2y ago

I feel like it's reasonable to compare lightning fees to on-chain fees in the past. I remember fees of about $0.50 USD and thinking that limited #Bitcoin's usage. I did not think that those fees made Bitcoin a failure.

So 145 sats for a transaction sounds like a pretty big improvement even over what I got to know as "normal fees". To be fair, that number ignores the fees to move into the lightning network, but we'll set that aside for the moment.

Do these lightning fees limit the use cases for bitcoin? Yes, but it still seems like it's better than most options I've seen.

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Discussion

Bill Cypher 2y ago

That 145 sat lightning fee makes visa look expensive. Losing microtransactions would be disappointing. It wouldn't stop us from killing the monster that enslaves us all.

My life is better with bitcoin. My bitcoin life is better with lightning.