Nostr Web Client

Joe Nakamoto 2y ago

Gm folks!

I have never had this problem with Phoenix because I think I have always had enough inbound liquidity.

(Is that right?)

Please could you help educate me and my friend on this:

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Discussion

yutaro 2y ago

おはよう🌞👀

I)ruid 2y ago

Anytime it has to do channel management to satisfy a transaction, such as open or splice a channel, that will incur layer-1 fees.

Joe Nakamoto 2y ago

Okay thanks! So it’s not about inbound liquidity really

matata 2y ago

it is tho i thought

if you have enough open for the receive, than it wont charge it, no?

Nathan Day 2y ago

He uses the word address (bitcoin address?). Is he splicing in/out on-chain? I.e. not using LN.

Joe Nakamoto 2y ago

I used to pay him on WoS now I want to pay him on Phoenix. Whenever he sends the invoice it shows a big fee for him.

I think that’s because he does not have any channels open with me yet, and he has no inbound liquidity.. so should I pay him a fat chunk now so we have a low environment in the future?

Nathan Day 2y ago

He'll always be charged an on-chain splice in fee if he has no spare inbound. If he's not spending via lightning he'll always be splicing in if he's receiving more than he sends.

Pheonix are working on buying capacity afaik.

Joe Nakamoto 2y ago

So it’s maybe better to stick to custodial?

Nathan Day 2y ago

Until you get rugged, yes. 😉

I use both.