171 sats \ 2 replies \ @orthwyrm 3 Apr \ parent \ on: Coinbase Selects Lightspark for Lightning bitcoin
It'll be interesting to see.
I'm not toooo excited... Lightning's problem is that withdrawing from an exchange already requires the in-bound liquidity, which isn't suited to the DCA model that most stackers use exchanges for. Kraken already has Lightning and I seldom use it TBH. I believe Binance does too.
I think maybe Coinbase's adoption will encourage online vendors to accept Lightning, though, which to me is a win.
write
preview
71 sats \ 1 reply \ @ek 3 Apr
Kraken already has Lightning and I seldom use it TBH.
You do onchain withdrawals because of this inbound liquidity problem? With splicing, that shouldn't be a problem.
Additionally, there are zero fees for LN withdrawals on Kraken unlike onchain. Not sure how that works out for them.
reply
32 sats \ 0 replies \ @orthwyrm 3 Apr
That's a good point. I haven't tried splicing for this.
In which case, I don't think there's much difference between the two in terms of cost.
reply