Replying to Avatar ZEUS

new ZEUS PAY fee structure: https://docs.zeusln.app/lsp/fees#zeus-pay

Only 10% for amounts greater than 20 sats. That’s a 5x price drop.

Is everyone on here moving from WOS to Zeus?

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No, not for a wallet that takes a cut of my zaps.

No. It sounds more appropriate for self-custody maximalists who run a Lightning node at home.

Oh but yes. After you and yours.

🌹

Latest beta on Zeus allows for a self-custody by running a node on your phone. Not saying it's ready for widespread usage (that's why it's in beta), but at some point the value-proposition will became a question of "Why not?". And self-custody maximalism will have nothing to do with the service.

At this point I’d rather trade custodial risks on my small WoS wallet than pay the fees on Zeus. I would probably reconsider if I carried large balances or needed to rely on larger txn sizes for a business or something more serious.

That's fair. My thinking is how close we are to a KYC-centric experience and how hard it is to reverse.

Tools and the lightning experience has rapidly improved over the last 5 years, and Bitcoin's in general over the past 14, and self-custody is becoming increasingly a better, safer, easier option - And while I think we've haven't reached a point of no return, if it even exists, it could be close. As an example, personally, it was easier for me to read a couple of wiki pages about Bisq and set myself up on there than the thought of having to sign up for some exchange and going all that it entails.