mempool VS awesome-lnurl

The submission is a page from r/Buttcoin, a Bitcoin-hater subreddit, with a random screenshot making the $188 for $4.09 complaint.

For those who don't know, Bitcoin on-chain transactions fees are not proportional to the amount sent, and it is common knowledge that $5 on-chain transactions are not practical. There are other solutions for sending smaller amounts.

Fees are currently spiking, but according to mempool.space (as I post this) an average on-chain transaction with ~$10.50 in fees will be confirmed within 30 minutes. See: https://mempool.space for details.

So this is not a very accurate, informative or helpful submission.

That's about 50$? I don't blame them https://mempool.space/

get some theory of mind. you are a person who is willing to pay onchain fees to use your trezor or open a channel. there are people in the world who are not willing to pay these fees and they probably outnumber you. and the plan has been spelled out in plain english a million times. the fees are supposed to go up by design. this means that most people will not self-custody, whether it is legal or not, and even if they would like to.

I’m not an expert so someone smarter than me can clarify, but the high/priority rate is the going rate (estimate) to get confirmed on the next block. Medium is the average rate for those transactions to be confirmed next. You can see current and historical rates at mempool.space.

The current fee to get into next block is about 40 sats/vB.

Check mempool.space for a better idea of how big a fee you need to offer to get into the next block.

The mempool is a bit crowed now. A few weeks ago it was only around 5 - 10 cents, and now it is between 3 and 13 dollars. (yesterday even 25 dollar) If you have a lot of UTXO's it can be very expensive to consolidate them all. In that case I would wait till the mempool is less crowed for lower transaction fees. it is important to understand that whirlpool or wasabi wallet will take many UTXO's (transaction fees) to mix your coins and maybe in the future exchanges don't want to touch your mixed coins. I mixed all my KYC coins as I'm not planning to exchange my bitcoin for fiat via a exchange in the future.

Coincorner fees aside, this works on an open standard: https://github.com/fiatjaf/awesome-lnurl

What you are looking for is LNURL. Electrum has LNURL not implemented it yet. You find a list of LNURL capable wallets and solutions here: https://github.com/fiatjaf/awesome-lnurl

Awesome things done with lightning's lnurl protocol

Yes use a wallet that supports lnurl-auth. Full list here: https://github.com/fiatjaf/awesome-lnurl

Yes, but sender is not required to use Strike. Also, it's Strike API, not Strike app, but API details are not public, likely you will be able to link your account with other wallets too. With LNURL it should be possible.

I really like all the new things that keep popping up, like Lightning Address, and the lnurl protocol

The lnurl protocol makes things extremely smooth and nice. Also you can use Lightning wallets for authentication, and so many cool things keep popping up all the time, like Lightning Address so that you can setup a payment through lightning to any "internet static identifier" like an email, telegram username, whatever.

This faucet uses one of the new protocols for lightning, lnurl, and it makes the transfer of Bitcoin with Lightning literally as easy as clicking a link.