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0 sats \ 2 replies \ @lipinip235 OP 4 Oct 2022 \ parent \ on: BTC Tx fees: a deterrent for adoption? bitcoin
"Onchain isn't meant for 10k sat transactions." Interesting point, but regarding adoption, isn't it a contradiction saying BTC is the money of the future when you can't use it for everything and anything alike without having to pay extra? Let's up the amount a little, not 10K but 25K sats: would you feel comfortable paying a 20%+ of a coffee price just to use BTC?
I would never pay onchain for such small amounts, and as a coffee shop I wouldn't accept onchain because its unsafe except you wait for confirmations which isn't feasible.
This is why lightning was invented.
You can open a channel at home, weekends for ~130 sats at 1sat/vbyte and use the channel forever for cheap and instant payments.
Or use a custodial wallet and don't even pay for channel opening/closing if you don't care about custody.
Onchain Bitcoin is for buying cars, and in the future it's probably for huge sums between companys or banks etc... imo
Paying coffee onchain was normal in 2015 or so pre lightning idk
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We can also see most services accepting Bitcoin switching to Lightning, for those still only accepting onchain I'd just set transaction fees to 1sat/vbyte and wait a bit longer
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