54 sats \ 7 replies \ @jk_14 8 May 2023 \ parent \ on: Network congestion will turn out to be good for bitcoin adoption bitcoin
let them start to use LN first, then we will educate them ("not your keys, not your Bitcoin")
not the opposite
they can use LN but they can have their keys too.
in any case, education is good no matter how you use bitcoin.
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Non-custodial LN might not be enough, many people will be disincentivized to open their own channel with such high fees
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There are many improvements to the lightning network coming down the pipe that will make using a custodian sound silly.
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For me, getting away from custodians is the selling point that gets people on Bitcoin in the first place so that flow makes no sense.
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how you imagine your success rate with newbies proposing them right now $10-20 fee for non-custodial LN wallet, when e.g. starting with WalletOfSatoshi is free of charge - and for them the functionally is simply the same
option 1:
"start with free of charge LN wallet, and migrate to non-custodial version when on-chain fees are back to acceptable"
option 2:
force them to $10-20 starting fee just to keep away from custodians (but don't cry there is no LN adoption)
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option 3: I pay the $20 channel opening fee. The channel goes to my node. User doesn't gotta worry about a thing.
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If I would start now taking payments, I think is better to start accepting LN in a custodial wallet and after I put together 200 or 300$, I would send that to my hodl wallet (non custodial on chain) or I would open my first channel on a easy wallet like phoenix or breez.
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