reply on: Phoenix 0.5% fee on every transaction is just killing the purpose of using LN. \ stacker news ~bitcoin

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297 sats \ 6 replies \ @iguano OP 3 Oct 2023 \ parent \ on: Phoenix 0.5% fee on every transaction is just killing the purpose of using LN. bitcoin

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.

605 sats \ 5 replies \ @siggy47 3 Oct 2023

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.

410 sats \ 4 replies \ @iguano OP 3 Oct 2023

Yep, 100%, but I also believe competition is healthy for users.

10 sats \ 3 replies \ @siggy47 3 Oct 2023

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.

297 sats \ 2 replies \ @iguano OP 3 Oct 2023

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.

10 sats \ 1 reply \ @siggy47 3 Oct 2023

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.

297 sats \ 0 replies \ @iguano OP 3 Oct 2023

yep, I will take a look other options, I was happy using electrum few years ago.