Watching Splicing play out is interesting. Every receive costs you thousands in sats because Acinq is being ruthless with any sort of inbound liquidity. Basically a Muun at this point if there's an on chain transaction each time.
And every send costs 0.5% which can also be thousands in sats. And as a phoenix user you get no options to work around it, it only works with the Acinq LSP.
When you offer no competition and lock in wallets to a single LSP, and require wallets to be liquidity providers as well, you get this delimma.
The seperation of wallets and liquidity is VERY important as we progress this ecosystem.
Offering a great wallet should not depend on being Bitcoin rich and charging visa level fees.
https://stacker.news/items/285511
Deleted Account
npub1t0…djgqv
2023-10-17 03:54:01
Author Public Key
npub1t0nyg64g5vwprva52wlcmt7fkdr07v5dr7s35raq9g0xgc0k4xcsedjgqvPublished at
2023-10-17 03:54:01Event JSON
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"pubkey": "5be6446aa8a31c11b3b453bf8dafc9b346ff328d1fa11a0fa02a1e6461f6a9b1",
"created_at": 1697514841,
"kind": 1,
"tags": [
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"content": "Watching Splicing play out is interesting. Every receive costs you thousands in sats because Acinq is being ruthless with any sort of inbound liquidity. Basically a Muun at this point if there's an on chain transaction each time.\n\nAnd every send costs 0.5% which can also be thousands in sats. And as a phoenix user you get no options to work around it, it only works with the Acinq LSP. \n\nWhen you offer no competition and lock in wallets to a single LSP, and require wallets to be liquidity providers as well, you get this delimma. \n\nThe seperation of wallets and liquidity is VERY important as we progress this ecosystem. \n\nOffering a great wallet should not depend on being Bitcoin rich and charging visa level fees. \n\nhttps://stacker.news/items/285511",
"sig": "5bae4e5db6dae0b506f83c6f35bab3bd213206c39c5d4f86e9fb7b64583fcf926caed7ae920cdaf967f932e66fda61fb04936bfae90e7228c1c6c16b89132c8f"
}