Replying to Avatar π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯)

You still need the base layer for layer 2, opening and closing lightning channels is going to cost 100X more because of some shitheads scammers pushing monkey joegs. THAT is what people are bitching about.
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Humble Bitcoiner 2y ago

Okay, but aren’t high transaction fees exactly what we want over the long time? How else will the network be funded if there is no #Bitcoin to mine anymore

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

Long term as in 100 years not 2 days πŸ˜†

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Humble Bitcoiner 2y ago

Sure agree on that

You against this or what are your thoughts? Happy to learn more about this stuff

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

For now it is harmful because we don’t have wide enough lightning adoption. If we can get to 1M BTC lightning capacity, then we won’t need to settle on the base layer that much.

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Humble Bitcoiner 2y ago

But doesn’t this push the development and awareness of lightning?

It might be a good warning call, no?

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 2y ago

Yeah. But it is hard enough to get normies to run a node let alone his own lightning channels. We are still so early. 😁