nostr:npub1d020nktlkel7q09xq4d5zy53w5jx0lgynhtxkg7ggf5kryajet2sxw4uh2
Discussion
When I ask if they accept Bitcoin I say, “why not? It’s free and instant.” I do not draw a distincion between LN and the base layer. Most of them will never interact with L1 anyways.
For all intents and purposes, a verified signed tx is just as good as base layer sats. As long as I can send it to my cold storage, whether I actually do or not, it’s good enough for me.
BIP 119 will allow for the creation of Lightning factories which will enable super cheap creation of LN channels. If Project Bitlandia is a success, we will keep Bitcoin and LN in the hand of entrepreneurs, where it belongs. Here is the conclusion to the proposal I’m writing. We’re going to need LN factories to be able to handle the base layer side of this. Once open, a LN triangle can be used to keep the channels balanced, asymmetrically, so that one Chanel will carry the majority of incoming and outgoing liquidity while, the other two will will be used for short term utility.
