Replying to Avatar Phundamentals

1/4 of all the coins on Bitcoin’s network are dedicated to backing a trustless payments system called the Lightning Network.

That is a staggering amount of Bitcoin that is solely directed for this purpose.

Bitcoin is becoming more and more scarce every block.
Avatar
Relai Alex 2y ago

There's about 5,000 #Bitcoin on the #LightningNetwork, not 5M.

I mean it was the case last time I've checked. 👀

Reply to this note

Please Login to reply.

Discussion

Avatar
Phundamentals 2y ago

Hahaha - thanks for that - glad Nostr will memorialize this mistake forever! :D

Can’t wait till it’s 25%!

Avatar
Phundamentals 2y ago

My only defense is that I’m used to seeing numbers in thousands cause of My filthy Fiat job.

I wonder after we eliminate lost coins, Satoshis million, etc, - how many coins will it take to dedicate 1/4 of the Lightning Network? 2M ?

Will we ever get there? Do we ever need to get there?