mvmrik on Nostr: Has the Lightning Network failed? It used to be easy—I could send payments quickly ...

Has the Lightning Network failed?

It used to be easy—I could send payments quickly and instantly with almost no fees. Now I open my Wallet of Satoshi, which I hadn’t used in a few months, and see a message saying I can’t receive payments due to EU regulations. I tried to transfer my funds to another Phoenix wallet and got an error. I installed Breez, and it still doesn’t work—it’s asking for a minimum of 250K sats. Wasn’t the whole point of LN to have lightning-fast transactions with almost no fees, rather than requiring large amounts just to open channels? Maybe I’m missing something, but what’s the point of LN if I want to transfer my funds to another wallet and can’t? Maybe I’ll do an on-chain transfer, but that defeats the whole purpose.