Nostr Web Client

wtf? Just can’t believe this is just an ongoing thing that never stops

For those of you that feel “ahh but we have Lightning” let me tell you that if you really want to have self custodial LN with these fees it’ll force you to pay higher price and to only open big channels

In addition, any payment below 7usd in LN if it fails, can’t really be recovered onchain

So.. this is not very good and I hope it again forces us to seriously discuss how to enable some of the proposed upgrades so all this usage goes to a sidechain or an L2 and we continue using bitcoin and Lightning while enabling those solutions as well like ZK proof, spv proofs, etc

Ronin 2y ago

What If they still want to trade onchain and not in a sidechain? What if the mempool fills with any other reason? Let's say adoption or just degen day trading? LN has to improve UX. Fedimints and things like cashu might help. High fees onchain was always going to be a reality.

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Discussion

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 2y ago

Fedimints can’t be the solution to the problem as it requires some sort of custody. They are good solutions though as complementary to other use cases

If we have trustless L2 then we could have very secured Lightning on L2 and we could all keep going using LN for instance

Ronin 2y ago

Fedimint is not a solution for everyone but some people can rely on it with people they already know and thrust. Self custody LN is the best solution, I believe tools being developed like blockstream greenlight, or breez Lightning as a Service will greatly improve this.

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 2y ago

Fedimint is just buzzword for slightly better custodial

Let’s not get confused

Ronin 2y ago

Not confused at all, It is clear in what I've said that it requires thrust.

Nicolas ₿ ⚡️ 🇦🇷🧉🤙💜 2y ago

I’m fine with Fedimint in general, and I think there are good use cases for it. I just don’t want it to be seen as the solution for self custody :)