Thursdays and Fridays at 11 pm CEST currently. I forgot which timezone is based on. 😂
Make it a user decision on npub creation
https://acinq.co/blog/phoenix-splicing-update not what is happening. Splicing is the technology employed here and it improves scaling.
There is a cost to opening channels: you need inbound and outbound sats per channel, but with splicing, you can simply add or remove liquidity from a channel without closing the channel or opening a new one.
This means capital is allocated more efficiently. If you have 5 channels to the same peer, that's an inefficiency.
It's still important to predict inbound usage in order to set aside the right amount of money for the user to receive sats and only when that prediction was wrong will you incur an onchain transaction.
Too big, you are locking up too much capital with your customers and being ineffective. Too little, you are not effectively scaling off-chain.
Phoenix used to charge for opening a channel, they'd charge the on chain transactions fee, and a fee for inbound liquidity.
Now they changed their model so that opening a channel is at cost and instead they apply their fees at the transaction level which is why it seems more expensive.
Here's a blog about this change:
Ok, maybe I didn't understand it right. Will research it a bit more.
On the other hand, we couldn't live without assumptions. Your assumptions make you stand up in the morning without having to look if there is still a floor below you, so you won't fall to death.
#zapathon #Bitcoin #nostr #plebs
Tip of the day
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3 rules
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Don't watch!
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#zapathon #Bitcoin #nostr #plebs #dogstrthon
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Just in time
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May the force be with you
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Ja, wenn Google nicht so ein privacy Albtraum wäre, wäre es tatsächlich nützlich 😂
A billy goat, looking at you with its furious black eyes. Don't stand still or it will get you. #InkblotArt
Highly recommend this damus setting in “Appearance & filters” when viewing the #reddit hashtag
Only https://damus.io/testflight for now until 1.6 is approved. 
Should probably be the default. New users could be a bit disturbed...
Been administrating Linux PCs of my family for some years now. I know what you mean 😂 Still, I'm not going back to Windows.
Speed, ok. But this concept also impedes the biggest reason that lightning is actually built for: scaling. If I need one on-chain transaction per lightning transaction, then the whole thing can't do more transactions than layer 1 is able to do.