Replying to Avatar plebiANON

Why Phoenix told everyone to use the drain wallet feature in the app and then pay 50% of the prevailing mempool rates to do so is just astoundingly ridiculous. We are talking $2-$3 to leave everyone trying to move wallets in limbo. Oh, also they have RBF disabled. Now I have to load in Sparrow, sync to my node, and create a cpfp transaction. Insanity.
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Joel Walbert 1y ago

Maybe Im missing something cuz my LN knowledge is minimal, but is there any reason it cant be sent to another LN wallet and save the insane fees?

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plebiANON 1y ago

Most self custodial ones require an initial on chain deposit to get a channel open. That’s the only proper way to do a Lightning wallet outside of running your own Lightning node.

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Joel Walbert 1y ago

Oh I meant sending the little I will have left after I spend the bulk to alby or like the fountain app or some shit. One that already exists in other words

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plebiANON 1y ago

I would like to have a large channel that is self custodial. If you’re just sending to a custodial wallet, that’s easy.

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Joel Walbert 1y ago

Yea I have no intention of setting up another self custody right now. This is my second Im getting fucked on since end of last year and im done wasting money I dont have for now

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plebiANON 1y ago

Going to try out Zeus.

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Joel Walbert 1y ago

Once I do get around to it, Im considering that or mutiny. Mutiny seems more straightforward for my knowledge base but one of the two. But that gotta wait. Farthest thing from a big baller so the setup fees are prohibitive for me at the moment

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Joel Walbert 1y ago

Basically I intend to have so little left that I couldnt do an on-chain and really not worried about losing if need be.

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plebiANON 1y ago

Yeah, that works too. I figured for $6, I’d rather just be done, closed, and move on.

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Joel Walbert 1y ago

Ok cool. I just wasnt sure if there was something I was missing in that they made no suggestion of sending to another. Im talking about maybe a couple thousand sats most after my purchase so not worried about that in alby.