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It looks they have ran out of confirmed UTXOs, because they consolidation transactions haven't confirmed for a week. I bet they don't have neither RBF nor CPFP implemented at their side. https://twitter.com/mononautical/status/1655243938465284099
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running the bitcoin equivalent of cobol over there, like all the banks
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deleted by author
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Binance is Cancer.
Wen Lightning
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Don't use Binance
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Not your keys, not your coins.
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Adding lightning is the logical choice if they want to serve customers better. But I don’t think they care and might even think it’s better to lock up users’ funds. More paper bitcoin for them and more fractional reserve on their bitcoin holdings.
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Lightning
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Im a binance user (for their low tx fees) but i guess I need to find a new home .... possibly go back to Kraken?
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450sat max
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Damn, getting zapped 10 sats gets me excited 😂 I wonder how long these high fees would last.
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longer than you can imagine! The miner is now 35% faster and can spend them on commissions always))))
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Imagine opting to lock up user funds rather than run an LN node, how pathetic must you be?
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I mean they absolutely should set up lightning, but at this point wouldn't they need tonuse the currently congested network in order to get them off-chain anyways?
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Yes they would but they could create Wumbo channels with a payjoin and create multiple channels at once, pay the fees and then start routing to recoup that channel open cost
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