The Effects of Bitcoin Fees on Lightning - OTC - LNJ043

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 Support us here: https://lightningjunkies.net/support Lightning Junkies Merch: https://store.lightningjunkies.net Follow the Lightning Junkies blog: https://lightningjunkies.net Follow Lightning Junkies on Twitter: https://sicksub.network/LNJunkies Follow Chaz on Twitter: https://sicksub.network/TheChaz Follow Lightning Cat on Twitter: https://sicksub.network/LNJCat