Any user of, for example, Phoenix, Mutiny, Cash App, Coinbase, a Cashu wallet, Fedi, etc. can seamlessly pay each other and not even understand each of those represents very different tradeoffs and have completely different designs. What they have in common is using bitcoin as money and LN as the open payment protocol.
If you don't like paying 0.4% fees for a non-custodial mobile LN wallet, then you have the option of using a custodial or e-cash wallet to avoid the fees along with the associated tradeoffs.
Yes, we'd all love a wallet design that supports 8B people, has no fees, is as censorship-resistant and security as on-chain bitcoin, but that doesn't exist today.
moneyball /
npub1ug…fd9ry
2024-05-28 13:50:31
in reply to nevent1q…sukm
Author Public Key
npub1ug8c5wp6chs4xessrstq3mj0x0agkttey5xwk26632a2gw22de7qkfd9ryPublished at
2024-05-28 13:50:31Event JSON
{
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"pubkey": "e20f8a383ac5e15366101c1608ee4f33fa8b2d79250ceb2b5a8abaa4394a6e7c",
"created_at": 1716904231,
"kind": 1,
"tags": [
[
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"wss://relay.nostr.bg/all",
"root"
],
[
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[
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],
"content": "Any user of, for example, Phoenix, Mutiny, Cash App, Coinbase, a Cashu wallet, Fedi, etc. can seamlessly pay each other and not even understand each of those represents very different tradeoffs and have completely different designs. What they have in common is using bitcoin as money and LN as the open payment protocol.\n\nIf you don't like paying 0.4% fees for a non-custodial mobile LN wallet, then you have the option of using a custodial or e-cash wallet to avoid the fees along with the associated tradeoffs.\n\nYes, we'd all love a wallet design that supports 8B people, has no fees, is as censorship-resistant and security as on-chain bitcoin, but that doesn't exist today.",
"sig": "429ef44604d39d667f39ff80f59283b91adf0a48119dcdc290e26f1986788c603c23679b858df8a964b59098392544761ad1cad3e0241e95374ec7015e5bf009"
}