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53 sats \ 2 replies \ @theinstagibbs 8 Jun 2023 \ on: Why are ⚡️lightning wallet fees so different and high? bitcoin
Wallet of Satoshi is custodial, centralization has benefits.
7 cents is 0.1% fees. Is that "high fees"?
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53 sats \ 1 reply \ @BTCExecutor OP 8 Jun 2023
For the masses used to "free" venmo or zelle, yes it will probably seem high
I'm thinking in terms of barriers to mass adoption
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5 sats \ 0 replies \ @DarthCoin 8 Jun 2023
There's no such thing as free. Nobody says LN is free. Who said that doesn't know how LN works. And LN wasn't created to have "free" payments, but to scale bitcoin. Onchain is the vault, LN is the payment network. It have nothing to do with "be free". This is not a race, to have less fees than VISA, but to make them obsolete totally.
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