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The cost and complexity of opening channels for users is prohibitive. Any widely adopted solutions will therefore be custodial. Might as well use PayPal.
by FreeTrade 5y ago
The cost and complexity of opening channels for users is prohibitive. Any widely adopted solutions will therefore be custodial. Might as well use PayPal.
- rawtxapp 5y agoThere are easy to use non-custodial wallets (try Phoenix wallet).
- FreeTrade 5y agoSure, I just installed it and its saying some impenetrable stuff about a swap address that is not controlled by my wallet and deposits will be converted to Lightning channels. It's prohibitively complex.
- overtonwhy 5y ago"Might as well use PayPal." for me that applies to 99% of crypto currency projects!
- Empact 5y agoThere's a big difference between a solution which requires you to use a custodial service, and one which gives you the option of non-custodial service - the latter allows for a much greater ability to hold custodial services accountable, by opting to self-custody, without forcing you to change your payment medium in the process.