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145 sats \ 7 replies \ @siggy47 3 Oct 2023 \ on: Phoenix 0.5% fee on every transaction is just killing the purpose of using LN. bitcoin
On chain fees are about as low as they will likely get right now. That can change in a hurry.
I'm pretty sure it will change, but expending 100$ or more give you room to get into 10s/b or so if you compare it to 0.5% fee.
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True. It certainly makes sense right now. At the same time I dont think Phoenix fees are ridiculously high. We have to expect these projects to be able to earn a profit from the considerable work they put in.
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Yep, 100%, but I also believe competition is healthy for users.
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I agree. It's smart to keep an eye on the "arbitrage." Do you run a node? I usually use Zeus connected to my node.
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I ran a LND node for couple of years, when zap (Jack Mallers app) was a thing and it was maintained, but I became lazy lately.
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I just realized that was a dumb question! You wouldn't be talking about Muun and Phoenix. I have to admit I use Phoenix even when I could use Zeus sometimes. It just seems smooth and convenient, but I'm throwing away sats.
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yep, I will take a look other options, I was happy using electrum few years ago.
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