Tony on Nostr: Watching Splicing play out is interesting. Every receive costs you thousands in sats ...
Watching Splicing play out is interesting. Every receive costs you thousands in sats because Acinq is being ruthless with any sort of inbound liquidity. Basically a Muun at this point if there's an on chain transaction each time.
And every send costs 0.5% which can also be thousands in sats. And as a phoenix user you get no options to work around it, it only works with the Acinq LSP.
When you offer no competition and lock in wallets to a single LSP, and require wallets to be liquidity providers as well, you get this delimma.
The seperation of wallets and liquidity is VERY important as we progress this ecosystem.
Offering a great wallet should not depend on being Bitcoin rich and charging visa level fees.
https://stacker.news/items/285511
And every send costs 0.5% which can also be thousands in sats. And as a phoenix user you get no options to work around it, it only works with the Acinq LSP.
When you offer no competition and lock in wallets to a single LSP, and require wallets to be liquidity providers as well, you get this delimma.
The seperation of wallets and liquidity is VERY important as we progress this ecosystem.
Offering a great wallet should not depend on being Bitcoin rich and charging visa level fees.
https://stacker.news/items/285511