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RE: Crazy Crypto and WTF are BRC-20 tokens?

Thanks for writing this up. This whole thing is affecting @v4vapp because the Lightning network takes its base from BTC so the process of opening and closing channels or moving BTC in and out of Lightning is drastically affected by high fee rates.

Most of my work on Lightning I've been lucky enough to pay as little as 1 sat/vb for channels to open and close. Now it's up over 200 sats/vb. That's a big deal.

This is also killing the Muun wallet which tries to be a Lightning Wallet but behind the scenes actually swaps to BTC all the time. Do not use Muun right now.

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I did think about you actually, I thought anyone using lightning might be finding it tough.

I think the novelty of this will wear off pretty quickly, I hope!

If you just use Lightning through a custodial wallet like Wallet of Satoshi or GetAlby they can hide the pain.

But systems like Muun and Breeze which give you a degree of custody of your own sats, are by necessity swapping in and out of BTC and trying to hide this from you. They're stuffed by fees like this. Muun in particular will charge you insane fees of 1000's of sats so much so that my own v4v.app system will actually refuse to send to a Muun wallet because I've specifically forbidden my system from paying crazy fees.

If someone does try to send Hive to a Muun wallet right now, you'll just get a failure and a refund of all your Hive within a couple of seconds.

All in all this is exposing a huge failing in Lightning if you try to run your own wallet on a small scale.