Peter Todd on Nostr: It's worse because of the purpose of Phoenix: a single channel end-user wallet where ...
It's worse because of the purpose of Phoenix: a single channel end-user wallet where the channel is supposed to contain 100% of the wallet funds to minimize fees and maximize convenience.
With a routing node, keeping around some UTXOs for fee payment isn't as problematic, as you're probably doing more transactions anyway.
Notably, at the moment Phoenix does _not_ keep extra UTXOs around; they do in fact have this problem.
Published at
2024-01-01 13:08:38Event JSON
{
"id": "598e32b2c1dd22e9c111d389d753bc878c6387e1666e6f41ed4d57ec3cd95e4a",
"pubkey": "ccaa58e37c99c85bc5e754028a718bd46485e5d3cb3345691ecab83c755d48cc",
"created_at": 1704114518,
"kind": 1,
"tags": [
[
"e",
"1de85aaf3054b09f8cf0c9ecf2c7f4cd4a445c2d755acf023455e45065edf491",
"",
"root"
],
[
"e",
"a984ff5d499946f0983f4a65baf1750dec8668ac88035e390dc8444c1e99397c",
"",
"reply"
],
[
"p",
"ccaa58e37c99c85bc5e754028a718bd46485e5d3cb3345691ecab83c755d48cc"
],
[
"p",
"8685ebef665338dd6931e2ccdf3c19d9f0e5a1067c918f22e7081c2558f8faf8"
]
],
"content": "It's worse because of the purpose of Phoenix: a single channel end-user wallet where the channel is supposed to contain 100% of the wallet funds to minimize fees and maximize convenience.\n\nWith a routing node, keeping around some UTXOs for fee payment isn't as problematic, as you're probably doing more transactions anyway.\n\nNotably, at the moment Phoenix does _not_ keep extra UTXOs around; they do in fact have this problem.",
"sig": "1fabe9fc95112206db3467b6f8a1c58de0a4e07151a21f9bd2f4cb7ef3f662a83047533d9c045ee9c0a0374652621ce5cf034cd67d971a4cc45825d1a7b6aa63"
}