So all the liquidity of the lightning network is really just between exchanges no?
I highly doubt any plebs have 1 btc or greater in their own channels.
Agree?
Discussion
There are families already running their own nodes and every family member connected to that node so there are lightning channels with a lot of btc in them
I honestly don’t think these as many people using the ln as we think.
I still get fails and most of us are using centralized systems so that shouldn’t happen.
I personally don’t think the tech is ready after 6 years.
Lots of promises left on the table still.
You’d be surprised. A lot of peer 2 peer. With a LOT of liquidity
I get there may be the exceptions but it’s definitely not the norm and won’t be.
Imo
So I connected to my node, took 4 peers at random. Half have more than 1 bitcoin in active capacity. Keep in mind my node is a fairly new one. I don’t think this is an exception 🤷🏾♂️
My node never showed more the 100ksat in any given channel when running.
I still get failures for really small amounts under $50 sometimes as low as 10 sat.
Pretty telling that the liquidity isn’t there yet.
That’s highly dependant on who you’re connected to.
Maybe join nostr:npub1hxfkcs9gvtm49702rmwn2aeuvhkd2w6f0svm4sl84g8glhzx5u9srk5p6t it’s run by plebs. They have a TG group. You’ll be able to find more inbound and other peers to connect to
My point is you shouldn’t have to try to search for a little bit liquid liquidity in a network built on liquidity. Big fail.
As far as I’m concerned L2 is bloat on L1 and does nothing but raise fees.
It’s been 6 years & ln still can’t live up to what it promised & probably won’t.
Now I’m not saying it’s not semi useless currently but I really don’t think it’ll stay that way.
Oh and I don’t trust anyone on tg that’s a shit show of scammers & I just stay away from anything tg.
Check out the nostr account. It’s literally run by plebs that are here. I interact with them everyday 🤣
I don’t know what else to tell you 🤷🏾♂️
Is hydro their coin?
Coin? nodestrich is Bitcoin only. For plebs by plebs
So that user links to amboss.space
Which is a liquidity arbitration service I guess? Idk it’s a company making money. Fuck that shit.
Just like lightning labs is a company fuck that shit.
Amboss is where the nodes are listed. Don’t know if you can purchase liquidity from them but I never did. Plebs open channels to eachother
I could be wrong but that’s what it looks like to me.
nostr:npub1hxfkcs9gvtm49702rmwn2aeuvhkd2w6f0svm4sl84g8glhzx5u9srk5p6t and amboss are two different things man. I don’t know what else to tell you
I don’t really see what 6 years has to do with the peers you connect to though. Some people get a lot of liquidity going in a month whereas others could open one small channel and do nothing else for years 🤷🏾♂️
Because it’s not working out how the devs expected it to.
It’s not scalable still.
I personally would rather spend btc on chain instead of moving it off chain.
Not sure I agree that it’s not scalable. Seems to me like there’s new developments happening all the time. Have you heard of mutiny wallet for example? Non custodial lightning node on your web browser.
How is the LN going to scale it bitcoin doesn’t?
There’s more bitcoin nodes than ever before. More bitcoin in cold storage than ever before. More adoption. All that sounds like scaling to me 🤷🏾♂️
That’s scaling users (adoption) not the actual chain (block space)
Scaling on chain means making bigger blocks.
Bigger blocks ? Are you talking about increasing the block size ? That matter was settled in 2017
Yes yes I am.
That was almost 6 years ago
Just like lightning.
Segwit hasn’t scaled Bitcoin enough at all and it won’t.
It’s time to revisit the idea.
Where in the white paper did it say to keep the block size small?
We need to agree to disagree on this
So you agree to keep blocks small to keep fees high for the miners?
I think the block size should stay the way it is yes. Just like it was decided in 2017
May I ask why?
I’m generally curious as to lots still thinks this way?
We’re you apart of the scene during the block wars?
I dont understand why that matters.
I wasn’t there when gravity was discovered. I still think it makes a lot of sense.
Fair enuff.
I’m just generally curious as to why people still think small block are good.
I’ve seen the bigger blocks experiment. Didn’t work out so well 🤷🏾♂️
It didn’t?
They still work right?
I’m not saying they get used.
But tech works.
That’s what matters.
Change just scares people to much in my opinion.
Are you seriously trying to tell me that those shitcoins work ? How can something trend to 0 and scale at the same time 🤣🤣🤣
Chains are still moving transactions of there are any right.
They are still getting mined.
Scaling users is different from price dynamics based on usage.
I thought we were talking about Bitcoin and lightning. BSV and BCASH are not Bitcoin. 🤷🏾♂️
Agreed they are not bitcoin.
There is only one bitcoin.
Ln is on other chains tho.
Lest we not forget ln is not specific to bitcoin.
Yes I learned that it was first introduced on litecoin. But what I mean is that I thought we were talking about Bitcoin and ln on Bitcoin.
We are.
I was just setting examples.
I personally don’t like the idea of permanent small blocks.
I sold all my bch bsv shortly after the splits after testing the network.
I do greatly appreciate our conversion.
Definitely. It’s interesting to hear a different point of view. This was an interesting conversation ☺️
If you look at lightning explorer, a lot of the bigger ones are companies. But there’s a lot of plebs. pretty sure a lot aren’t even on there
