The Effects of Bitcoin Fees on Lightning - OTC - LNJ043
Description
Transcript: Coming Soon!
This is the 43rd episode of the Lightning Junkies podcast. In this episode we address the higher fees on base chain Bitcoin and how they could possibly affect Lightning Network and Lightning Network wallets going forward. With special co-hosts Matt Odell and Jack Everitt.
This episode was recorded live and presented with minimal editing.
We talk about:
- 0:00 - Intro
- 0:48 - Thundr Games’ Experience with Lightning
- 5:10 - Phoenix Wallet Issues
- 8:05 - Concerns of Recommending a Custodial Wallet
- 12:45 - Unsustainable Wallet Models
- 15:42 - User Acquisition Cost
- 18:20 - Proactive vs Reactive in relation to Transaction Fees
- 22:35 - Lightning Wallet Idea that has a $250-$500 minimum deposit.
- 25:33 - UX of Lightning Network vs Bitcoin Cash
- 27:45 - KYC as Friction
- 32:12 - Bitcoin Transaction Fees as a Problem
- 34:06 - Planning ahead for higher Bitcoin Fees
- 36:19 - Future of Bitcoin and Lightning Network
Jack’s Twitter: https://twitter.com/jackeveritt
Thndr Games’ Twitter: https://twitter.com/THNDRGAMES
Thndr Games’ Website: https://thndr.games/games
Matt’s Twitter: https://twitter.com/matt_odell
Matt’s Website: https://mattodell.com
Tales from the Crypt Twitter: https://twitter.com/TFTC21
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