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I agree, if the payment amount is near the channel size I want, Lightning is convenient because it directly creates inbound liquidity, kill two birds with one stone! As Darthcoin commented, if the amount is much larger than the channel size I want or have, then using on‑chain avoids tying up unexpectedly large capacity in a single channel.
Thanks for the detailed breakdown, this is really helpful for someone just starting with Phoenix and LN! Overall, your recommendation to start with a big LN deposit to get a solid initial channel makes a lot of sense for minimizing fees and maximizing usability, especially for new LN users. So I will go for that!
I'm not following. I already shared that info with someone who needs it. Why do I have to reinitialize the wallet? Isn't the main rule just to avoid reusing the same on-chain address? And about the Lightning QR: the node public key is visible, but does that actually matter if I open private channels?
here announced #1507175
more appropriate for the ~AGORA marketplace
Yes, no doubt. Feel free to share and ask questions. There’s a lot of misinformation out there, so I wanted to raise this point: consider digging into Phoenix and other non-custodial wallet options.
If Binance shuts down tomorrow, you’d be exposed. Ever heard of Mt. Gox or FTX? Don’t rely solely on custodial services.