192 sats \ 1 reply \ @Scoresby 12 May \ parent \ on: Stacker Saloon
I concur. Use Phoenix a lot. It's very simple LN with a focus on ease of use.
Because you have only the one channel with acinq's node, if you receive more than your inbound, it will automatically splice for you (even if on chain fees are high). If you aren't paying attention a small LN receive can cause an on chain txn. They have a setting for limiting how much you are willing to pay in fees, but it can be a footgun if you aren't careful.
Also, because they allow you to send out to on chain from your LN channel (via splicing) you might wreck your inbound if you don't understand LN liquidity.
I've seen people pay for inbound liquidity, receive maybe half, and then send out to on chain not understanding that the splice will resize their channel and decrease their inbound. They could explain it better in the app.
Overall though, its a good wallet that rarely has issues with failed payments. Highly recommend.
unless i'm mistaken, phoenix also alerts the user if their invoice exceeds inbound capacity and that it will trigger an on-chain fee. seems reasonable and am not sure what else they could really do to prevent users from incurring accidental costs.
agreed about sending on-chain wrecking inbound liquidity though. it's happened to me...!
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