I have lost some Bitcoin testing nostr and Lightning over the years
I thought it was worth it, because custodians were supposed to be a temporary solution
Now I hear "Bitcoin banks" are the future
Fuck that
Discussion
We are told L2 is cheap, but it seems more expensive than L1.
why donβt you just connect a wallet?
I was told custodial Lightning is temporary. Now I am told the future of Bitcoin is distributed ecash custodians
Thatβs because self-custodial Lightning is temporary. The LN has way too many issues, and itβs a waste of time and effort
It was a neat idea, but itβs time to move on. Sunk cost fallacy.
when temporary?
did you try it?
Self-custodial Lightning is temporary because there is not enough space on L1. Even the LN whitepaper says Bitcoin needs 133MB blocks for everyone to make just two channels a year.
I donβt need to try it. I know it will work "now", but itβs temporary.
It's like saying the whole world needs to drink from one fountain. There are different fountains.
But I would be quite happy when we reach the mentioned block space problem in the next 3 years.