Bitcoin

789 readers

9 users here now

Do not use URL shortening services: always submit the real link.
Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
News articles that do not contain the word "Bitcoin" are usually off-topic. This sublemmy is not about general financial news.
Submissions that are mostly about some other cryptocurrency belong elsewhere. This sublemmy is exclusive to Bitcoin.
No referral links in submissions.
No Self Promotion

founded 2 years ago

MODERATORS

Void_Sloth

Introducing the new Phoenix: a 3rd generation self-custodial Lightning wallet (acinq.co)

submitted 2 years ago by bitnorbert to c/bitcoin

5 comments fedilink hide all child comments

TL; DR: Splicing changes the game. Phoenix now manages a single dynamic channel, no more 1% fee on inbound liquidity, better predictability and control, trustless swaps.

you are viewing a single comment's thread
view the rest of the comments

[–] O_i 2 points 2 years ago (1 children)

Have been using it for ages now, probably the best entry level app for lightning atm

[–] amenotef 2 points 2 years ago* (last edited 2 years ago) (1 children)

What is the splice mining fee in USD? If your main wallet is on BTC, then Phoenix is still mainly ideal for small payments right? (example: for 150+ usd tx, it's better to just use Bitcoin blockchain directly right? with a fixed fee of 0.50-0.80 USD atm)

But without that 1% fee when depositing on Phoenix, maybe I'd use Phoenix more often.

[–] O_i 2 points 2 years ago (1 children)

I’m still going to treat it as a hot wallet, just saying it’s an easy entry point to learn/test the lighting network

[–] amenotef 2 points 2 years ago (1 children)

Yes. There I agree. I was struggling a bit with other lighting networks. In phoenix it was easy and deposited around 60 bucks. So if I find some coffee shop that accepts it I'm ready to try.

[–] O_i 1 points 2 years ago

Glad to hear it!