Thread - Hyper

I'm blown away. Lightning is insanely efficient. I just watched someone get $7,118 of liquidity for $10. That's a total payment processing cost of 0.14%. >20x cheaper than VISA. No chargebacks. Instant. No liquidity management required if you buy channels.

Magma

Bitcoin Lightning Liquidity Marketplace

Replies (6)

unit 🛡️ 4 weeks ago

Phoenix wallet is asking $100 for 10,000,000 SATs of liquidity for a year

Ingwie Phoenix (aka. birb) 🛡️ 4 weeks ago

I have been having the same two channels for ages now - and unless you stuff 'em up, you can't pay out. And...that is my wallet is basically receipt only. The idea of lightning is neat, but the cost of entry is not to be underestimated. You can't just immediately get started unless you pick a non-custodial option... Which is unfortunate, because everything aside this aspect is neat.

Jestopher 🛡️ 4 weeks ago

↩ replying to Ingwie Phoenix (aka. birb)

I think you should close those channels then and connect to our Rails cluster for better reachability. It worked out great for Bitcoin Amsterdam.

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₿rent 🛡️ 3 weeks ago

↩ replying to Ingwie Phoenix (aka. birb)

You could open a funded channel to your choice of well-connected nodes. Then you will have outgoing liquidity too.

Hanshan 🛡️ 4 weeks ago

you mean without the routing fees of actually receiving $7k of payments?

npub1wyr9...5uxy 2 days ago

https://ethquantumhub.vercel.app/