Yes, I'm aware of lightning. UX so terrible ~90% usage is on custodial, closed source wallets. Something like 0.02% of total Bitcoin usage after 8 years. Very different security tradeoffs as well. It is far from the panacea that was sold. Big blockers were right it seems.

The more Bitcoin is used, the more demand, the higher the tx fees. And once it is all mined tx fees will have to be insanely higher to make up for it. It is the exact opposite of what you want for a MoE. Bitcoin acts more like a commodity than anything.

Reply to this note

Please Login to reply.

Discussion

Bruh I love muun wallet though lol

I don't think Muun is a "true" lightning wallet. It swaps onchain iirc.

Phoenix wallet is probably the best UX for LN imo while remaining non custodial and trustless as possible.