563 sats \ 4 replies \ @Anonomoto 29 Dec 2023 \ on: ~68,000 Sats for a simple transaction, absolutely crazy. bitcoin
Transactions will move to other layers.
So what? That could take years-and-years before it functions properly!
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You didn’t mention a timeline in your post. 🤷♂️
For now to defer paying main chain fees I’m using Lightning and Liquid to stack and have set alerts for low mempool pressure, where I’ll migrate to cold storage and consolidate UTXOs.
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That's because unlike company script they call crypto, we don't have a company we can consult for when development of certain innovations will be finished. If we get CTV, (and again we can't know if we will get CTV because Bitcoin is not a fucking company), I will personally be asking around to see if anyone understands John Law's paper on timeout trees well enough to write a spec at the very least for it, just as an example.
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Exactly. Lightning still has a lot of holes and a ton more channels and nodes are needed. "Payment in transition" isn't going to cut it when someone can use Google pay and it works flawlessly and instantly.
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