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Who decodes this fee? Can we change it on our end?
No. I think it is set through coinos for their channel with SN. I am sure it will get sorted in the coming days.
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Thanks. Let's see how it'll sustain. I wanted to suggest SN team UPI system that India uses. But I know, they won't get it. I wish one day Lightning Network should work as efficiently as UPI does.
UPI as it is runs for INR, so it's centralized. That's the only drawback it has.
UPI is one big issue here why people don't and will not alter their ways of sending money via LN too easily.
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40 sats \ 9 replies \ @ek 4 Jan
But I know, they won't get it.
regulated by the Reserve Bank of India (RBI).
You don't get it, we are a lightning company, we don't interact with any fiat payment rails for good reasons
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Didn't I already say the same?
UPI as it is runs for INR, so it's centralized. That's the only drawback it has.
That's why you won't get it. I was talking about the convience of tech or tech in general. Not saying SN or any lightning company should interact with fiat. BTW, this #837006 will clarify what I wanted to say.
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40 sats \ 7 replies \ @ek 4 Jan
I was talking about the convience of tech.
No, you literally wrote this:
I wanted to suggest SN team UPI system that India uses. But I know, they won't get it.
This means that you think we will not use UPI system because "we won't get it", not because it's centralized.
Not saying you or any lightning company should interact with fiat
So you're saying with "I wanted to suggest SN team UPI system that India uses" you didn't mean that you wanted to suggest us (the SN team) to use the UPI system from India?
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By UPI system I meant the tech behind it. You won't get it because you'll associate it with fiat directly or centralized authority straightaway, which you're doing right now.
you didn't mean that we should use UPI?
I meant someone (who can) should study UPI tech and see if that can somehow make lightning tech more convenient so that it can be accessed by all, no matter how educated or technically sound they are.
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40 sats \ 5 replies \ @ek 4 Jan
You won't get it because you'll associate it with fiat directly or centralized authority straightaway, which you're doing right now.
Of course I will, anybody should, because that's how it works.
That's also why you don't understand that there is nothing to study, everybody knows how centralized payment rails work. They use ledgers in databases. That's incompatible with bitcoin which uses a blockchain.
What you're saying is like saying bitcoiners should study how money is printed because the government can't bail people out by printing more bitcoin on a bitcoin standard when bitcoin was literally invented to stop printing money and bailouts.
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No, I'm not saying that. Instead I'm just saying that may be there's something in the UPI tech that will help to bridge the gap from being excessively inconvenient to convenient LN transactions for all.
A tech where everyone, irrespective of technical knowledge, can transact in Bitcoin.
@grayruby r u not getting 7 sats from me? I use coinos
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Not sure. On mobile and out doing some contract work right now. I will take a closer look when I get home.
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No, I got CC's
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Sad! Just wait and it’ll sort out?
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I think coinos needs to change the default fee. I tagged him.
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