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General Discussion Thread: November 2023 (lemmy.world)

submitted 11 months ago by Void_Sloth@lemmy.world to c/bitcoin@lemmy.world

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[–] 0x0f@lemmy.blahaj.zone 1 points 11 months ago (1 children)

What's everyones thoughts on the Lightning network? Sending payments has been fine in my experience, it's almost as fast as something like apple pay.

[–] Void_Sloth@lemmy.world 1 points 11 months ago

So far I've found it too be great. Currently using Wallet of Satoshi, which was super easy to set up. Payments are pretty much instant and haven't had any problems at all.

For now I'm just using it to throw people some sats on nostr for good content, but I'm sure my usage will grow as adoption continues.

[–] amenotef@lemmy.world 1 points 10 months ago* (last edited 10 months ago)

Anybody has some quick tip for calculating bitcoin fees? (Like, go to this page, do this and this, voilà!).

Yesterday I did a Bitcoin transaction and paid 3.73$ fee. This was using the Android "Bitcoin" app and selecting the default "Normal" fee (there are 3 options. "Economic", "Normal", "Priority").

However in mempool.space the transaction got the warning "Overpaid 2x" and the transaction got confirmed almost instantly. The transactions was with 1 input and 2 outputs.

So I'm looking for 2 things:

A better Android wallet that can let me put a custom fee (so I don't overpay next time. Maybe I could had spent 2$ and wait 1-2 hours.).
Some tips to calculate the fee. I end up using lot of different pages, but never getting the "right" fee.

Update: I ended up switching from "Bitcoin Wallet" wallet to "Green" wallet on my mobile phone.