Let's be honest for a second. Using Lightning the proper way is hard. I mean running a node and managing channels and liquidity is not easy or convenient today. Not for personal use at least.
Doing that today feels like driving a 2024 Ferrari on a dirt road in the year 1600. Back when auto infrastructure wasn't even an idea.
Am I missing something?
#Bitcoin, #Lightning
There is no "right way" to use lightning. There are many ways, and different needs can be met with different solutions. You're missing the fact that trading some trust for custodial solutions is a perfectly reasonable and rational way to operate with some amount of your bitcoin.
I currently have both setups and I primarily use the custodial wallet for that reason.
I wrote this because some fellow plebs are writing poems out there about how easy and convenient it is to run the full setup, so I wondered if I'm not up to speed on lightning or that they're simply wrong/misleading.
I think you are not up to speed on the quality, or lack there-of, of geek poetry.
on a serious note though, lightning is a powerful tool and certainly has some part to play in all this. But bitcoin taking over the world is going to take a lot longer than most expect, or hope. Custodians are going to be the biggest and most important way that most humans interact with bitcoin.
Bitcoin is going to revolutionize the banking industry. As it does, fairness and free market rates will return.
Bitcion doesn't win by setting the plebs free. Bitcoin wins by breaking the fiat banking system, and THAT will set the plebs free. A new global financial system will rise up from the ashes of the failed global banking cartel and bitcoin will be it's capital reserve asset.
From there, the ecosystem will evolve with fair and honest banks providing custodial solutions. A new banking system, combined with complex multi-sig solutions, lightning, and liquid will usher in a golden age for humanity.
This entire process make take quite some time, and the road is likely to be bumpy.
