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Day 3: still deactivated and still no notice or response to our inquiry from Apple. App Store and TestFlight listings still live.

Stop giving custodial services a pass; these things are contributing to #Bitcoin's capture. Fuck em.

Not sure what you mean?

Yes you can send either onchain or Lightning to it.

You can also use it for zaps I think.. #asknostr about that (as for some reason I don’t have the zap option at all anymore 😂)

Doesn’t have LNURL capability yet afaik

Most people won't get this

Phoenix takes 15k (usually aroun 3k at lower fees) to open and/or enlarge channel.

So if say you have 2m sats to put in and you send in 1 m

Phoenix will open a channel for you with maybe around 1.2 m capacity, meaning you can receive 200k more.

Now if you want to transfer in the other 1m you will not have enough inbound capacity so Phoenix will need to do another on chain tx to enlarge your channel which is another 15k at the moment.

But now you'll have a channel with around 2.4m capacity which is yours, forever so if you sent the sats back out you will have more inbound liquidity to receive more.

The same thing applies if you run your own lightning node and manage your own channels. Custodial solutions take care of all these complications behind the scene.

I’ll do my best to make it simple:

A channel is basically a bitcoin transaction that opens a connection to Phoenix and lets you send the BTC over Lightning, so you don’t need the more expensive on chain transactions after you have it in a channel. But you have to *start* this channel by sending an on chain transaction. This channel has BTC in it “as collateral” in a sense, so payments can be sent and received in lightning within that amount. Think of it like bandwidth. If there isn’t enough, you need another bitcoin transaction to update it. Let’s say your bandwidth is 1,000,000 sats, well then that means you can receive or send up to that much *without* having to pay those fees again, because that 1mil sats can be sent with lightning.

If you want to see your channel you can go to “settings” -> “payment channels” (under advanced if you scroll down a bit) and you can see the amount. Your balance is on the left, the max is on the right.

After getting this channel, you can now pay out as much as you have all over Lightning (tiny fees), and there will be some extra Phoenix has added as bandwidth for you to receive. But if you receive a bunch more without paying any out, you may have to update your “bandwidth” again.

In Mutiny

Funded

How to find LNURL to paste into Damus to zap?

It only takes fees like that if it doesn’t have liquidity, it’s having to pay an on chain fee.

WTF.

Phoenix takes 15k sats every time there’s a transfer?

WTF???

Thank you.

What’s the website for Phoenix wallet?

#asknostr

Mutiny is asking for 40k right now 😳

The fee for opening channels will be super high on anything right now, so if you want to go non custodial you'll need to pay the fee to set up a channel.

Try looking at Mutiny wallet. It's a web app so it'll work on both phones and pc.