Timechain on Nostr: It's actually held on chain, and it's noncustodial, so it's actually as secure as ...
It's actually held on chain, and it's noncustodial, so it's actually as secure as they get. People don't like it because when you pay a LN invoice, it actually sends an onchain transaction to Muun headquarters and they pay the LN invoice. It means it's kinda not "no trusted intermediaries." I worry if they can keep that up if fees rise though. Back before lightning network, they were like 50$ a onchain transaction.
Published at
2023-02-26 03:55:17Event JSON
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"content": "It's actually held on chain, and it's noncustodial, so it's actually as secure as they get. People don't like it because when you pay a LN invoice, it actually sends an onchain transaction to Muun headquarters and they pay the LN invoice. It means it's kinda not \"no trusted intermediaries.\" I worry if they can keep that up if fees rise though. Back before lightning network, they were like 50$ a onchain transaction.",
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