Replying to Avatar DETERMINISTIC OPTIMISM 🌞

There is no amount of changes that bitcoin can do that will make Lightning scale to visa level payments.

Lightning is cool, kinda works now, I use it all the time. But doesn't scale. Maybe it's how we clear ecash.

We need something else.

Eye on the prize.
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Sam Feder 1y ago

All depends what we're solving for.

We're not within striking distance of Visa. How can bitcoin/Lightning compete with instant settlement 3-5% cash back credit cards?

When on-chain fees are 600 sats/vbyte, we'll all be thankful lightning is an option.

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crany 👽🧡🗿 1y ago

Visa is not instant settlement. It's near instant charge authorization.

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Matt 1y ago

People can charge back Visa for like 6 months I think. It is not instant settlement. And that 3-5% isn't free, and it's usually more like 1-2%. And you're paying an extra 3% to use it at stores. So it's not as great as you make it seem. People have been fooled.