0 sats \ 2 replies \ @gnilma 9 May 2023 \ on: What’s going to happen with Muun wallet with these high fees? bitcoin
They will have to adapt and change, or they will be out-competed and be left in the sand. This is the way the free market works, and it's the most efficient way. This is the way.
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0 sats \ 1 reply \ @ssats 9 May 2023
Yes but more specifically? sadly it will come down to worse UX.
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32 sats \ 0 replies \ @gnilma 9 May 2023
More specifically, Muun is an on-chain 2 of 2 multisig wallet with an on-chain to lightning swap service. When on-chain fees are high, the reliance on swaps make the wallet unfeasible / not economical to operate, especially for small amounts; therefore, it directly affects the usability of the wallet. Muun will simply not be able to compete with other true native lightning wallets’ fees and will lose users as a result. That is why I said they need to adapt and change, or risk becoming obsolete.
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