Muun tries to simplify by having one address to send and receive to lightning or basechain wallets. When fees are high muun gets exposed but not really using lightning. It's a workaround for ease of use.
Phoenix and Breez are running lightning nodes on your phone. They are cool but there is a learning curve. We are still in the very early days of this and seeing the speed of lightning payments is super exciting.
I usually zap with Phoenix but I receive zaps with Zebedee.
the fees are for setting up channels which the non custodial wallets need to do. You can turn off on the fly channel creation but then some payments might fail. These are some of the "pain points" or bad UX of the non-custodial wallets. There is a lot more to know and a lot more to do and cost, but this comes at increased sovereignty.
2 hours ago, The bitcoin fees were more than the block subsidy.
https://mempool.space/block/00000000000000000001081dd49ade1108f0b5415605249804a0a95a8e63a3f6
This has happened a number of times over this current high-fee period, and is an interesting bit if information that in theory fees alone can sustain the network.
Another fun tidbit. Block 788806 (12.70 BTC fees + subsidy) gave the miner more bitcoin than Block 600000 (12.538BTC) more than 3.5 years ago (which was before the last halvening)
muun has its place, but not for zaps.
Wallet of Satoshi is the simplest for receiving zaps, Zebedee works well too but its more than just a custodial lightning wallet so it adds layers of complexity.
Eventually we should all be moving to non-custodial lightning wallets but they are overly complicated for normies to set that up for zaps.
In the meantime don't keep too many funds on the custodians , and its simple enough on a mobile device to occasionally move WoS sats over to something like Phoenix wallet.
Well the fees could cost more than what you have that is possible yes.
In my opinion fees will always be something that fluctuates so unless you have very little sata it's not something to worry about. And if you do worry then it's time to stay humble and stack more sats ;)
Dickbutts make our Bitcoin more secure
Bitcoin is never trapped. It will just cost more to send
Love it or hate it jpegs are providing utility for Bitcoin.
High fees means more insentive for mining meaning more security for your money.
Dick butts are literally helping secure your financial future.
This is extremely profound. Although it a rather odd choice of words to be calling open source a "faction" as well Google should be well aware of impacts that open source can have and how it has benefited them.
Their mobile OS was based on an open source platform and still maintain AOSP repositories for anyone to build on.
Their web browser has a open source portion that literally ate Microsoft's lunch and is now even utilized by them.
Their OS is based on an open source platform.
Basically their market dominance is because of using this "faction".
This guy knows a thing or two about decentralized system
Because you are on Twitter. That is the first problem :)
Well sir looks like you have made a "missed steak"
ZBD is nice for custodial but hopefully one day non-custodial will be just as easy
lol i need to figure out how to receive these anon zaps you speak of :D
This seems a little higher than what the "core CPI" is....
bitcoin is for your friends and for your enemies.