Say you are sending a friend 1m sats. Does it matter if it was for commerce or managing liquidity? It’s a cost we are paying.
Yeah maybe, but the payment is instant
Also, doesn’t create a change UTXO which could be small and is more private
Yeah, that’s exactly what I’m saying. Lightning offers value, that value will be priced. And we might end up with expensive lightning as well. That’s where my head is at.
To me it does since when I rebalance etc I'm executing an arbitrage and moving much higher volume than normal for which the pricing matters.
Yeah, and costs a lot to do that.