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2025-12-31 14:18:49 UTC
in reply to

Rich Nost on Nostr: I dont disagree with Phoenix for stress-free lightning use among people who ...

I dont disagree with Phoenix for stress-free lightning use among people who understand the tradeoffs, buy my beef is with people who recommend it for an onboarding experience. The minute you have to explain the upfront cost to someone by mentioning channels when they have never even held their own bitcoin, you've already convinced them that lightning sucks. I'm talking about the scenario where you have to salt the pitch with "Hey I'd like to pay for this $8.00 burrito with bitcoin, and by the way, this first transaction and any subsequent larger transaction is gonna cost you more in fees than what you pay visa or square."