Coinbase not rushing on lightning is no surprise. Shitcoins are much more profitable because people buy and sell them often. Bitcoin is less so, you buy it, put it in cold storage (if you go that far) or just leave it on Coinbase. This is the typical bitcoin journey. Shitcoins are traded back and forth and amass Coinbase much fees, such wow.
Lightning takes away from justifying massive unchain transaction fee add-ons. I have not looked to see what Coinbase charges now, but I imagine there’s a nice profit baked into every transaction. On lightning, not so much. I mean, they could, but then you’d be left trying to justify a 50% fee (or whatever they decide) on a small transaction, people would be pissed.
At the end, it all comes down to money and profits. We know what Brian cares about over his own dignity.
Karnage and 248 others
npub1r0…sq9ac
2023-08-02 07:30:49
Author Public Key
npub1r0rs5q2gk0e3dk3nlc7gnu378ec6cnlenqp8a3cjhyzu6f8k5sgs4sq9acPublished at
2023-08-02 07:30:49Event JSON
{
"id": "6e7f5ed48a8929e052c706aff2b848412b580a62208de83817ea18db621406da",
"pubkey": "1bc70a0148b3f316da33fe3c89f23e3e71ac4ff998027ec712b905cd24f6a411",
"created_at": 1690961449,
"kind": 1,
"tags": [],
"content": "Coinbase not rushing on lightning is no surprise. Shitcoins are much more profitable because people buy and sell them often. Bitcoin is less so, you buy it, put it in cold storage (if you go that far) or just leave it on Coinbase. This is the typical bitcoin journey. Shitcoins are traded back and forth and amass Coinbase much fees, such wow. \n\nLightning takes away from justifying massive unchain transaction fee add-ons. I have not looked to see what Coinbase charges now, but I imagine there’s a nice profit baked into every transaction. On lightning, not so much. I mean, they could, but then you’d be left trying to justify a 50% fee (or whatever they decide) on a small transaction, people would be pissed. \n\nAt the end, it all comes down to money and profits. We know what Brian cares about over his own dignity.",
"sig": "8bf5c0833986575871dc589f90d9fda41da874d86bcfbc2632ae2c5cb401aa1a5b1b0b1113c0117bde5e8d0ffeebfdc80ee7e318bb1c70af24a9bfe1bd3479b5"
}