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15 sats \ 5 replies \ @ek 8 Nov 2022 \ parent \ on: Continuing the controversy about Muun bitcoin
Yeah, the channel opening fees can be quite dramatic in the beginning I think.
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20 sats \ 1 reply \ @nerd2ninja 8 Nov 2022
But I'm saying that I believe strongly enough in this to pay the fees myself.
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0 sats \ 0 replies \ @ek 8 Nov 2022
Yeah. Also good opportunity to explain more about how LN works.
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16 sats \ 2 replies \ @petertodd 8 Nov 2022
It's 1% iirc. I don't think that's dramatic. But that's me, a relatively wealthy Westerner...
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0 sats \ 1 reply \ @ek 9 Nov 2022
It's 1% with 3000 sats as minimum. It's not a lot in "absolute terms" but it's a lot if you just got onboarded to LN and the first thing you have to do is to pay 3000 sats which is more than for a on-chain tx.
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0 sats \ 0 replies \ @petertodd 9 Nov 2022
Non-custodial lightning is always going to cost at least an on-chain tx. That's just the inherent economics.
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