The Effects of Bitcoin Fees on Lightning - Lightning Junkies Off the Cuff - 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

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