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Lightning question: not your keys not your coins, so you shouldn’t store too much in a lightning wallet. If lightning takes off you might have to top up your lightning wallet daily from a Bitcoin wallet. Aren’t those transactions on chain? What happens if 1 billion people want to top up their lightning wallet daily? Bitcoin only supports about 200k tx/day.
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Ian "nostr.naut.social" D 2y ago

Doesn't have to be on chain. Just balance sheet. I have a getalby wallet. They might expect $1M a day incoming from 10,000 users. They do a single 1M onchain to load their wallet, and then send those sats to people as the fiat arrives.

Intraday hedging (swallowed in the spread) and golden.

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Ian "nostr.naut.social" D 2y ago

Because you only use fiat to load your LN spending wallet. Y'all HODLing the BTC :-)

7e
_ 2y ago

So how does that work. Do you have a Bitcoin wallet that you are transferring from. Or are you converting from fiat?

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Ian "nostr.naut.social" D 2y ago

from fiat, loading via debit card. This is SPENDING money after all

7e
_ 2y ago

True, and I don’t mind that approach as it is quick to convert fiat to sats.