Today was the first time I made a Bitcoin/lightning transaction with my father. nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqprpmhxue69uhhyetvv9ujucm4wfex2mn59en8j6f0qythwumn8ghj7un9d3shjtnswf5k6ctv9ehx2ap0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj7snuh0e and strike has made it boomer proof.
#circulareconomy
What does strike do for lightning?
You can pay and create lightning invoices.
custodial LN! woooo!
Lol
That's exactly what I was thinking lol.
Strike is rat poison!
Jack Mallets is a CEO.
Bitcoin is Freedom.
What's your estimate on how many people can have self sovereign lightning channels on bitcoin? Mine is less than 1 billion. So even if the entirety of the baby boomer generation didn't use lightning, (half billion globally) we will still have to prune the global user base. So how are the 6 billion others supposed to use lightning?
Almost like LN doesn't actually solve the scaling problem...
You can just use on-chain bitcoin with custodians too, an L2 isn't necessary. Just tell strike you want to pay somebody and they can update their spreadsheet.
Problem solved.
I don't want 20k UTXOs so I prefer to receive on lightning, to my cashu wallet mind you, which isn't even possible to send to directly from on chain. Cashu is my cache before I move stuff to my node because Tor sucks most times.
Fedimints/ARKs/Trusted Providers.
The only way to scale to 8B+ is via trust. The base layer can’t handle it even with secondaries on top. You’re going to need third layers with trusted humans in the loop (federations to minimise trust is best)
The sooner we accept that, the sooner we can all pull in the same direction.
#Bitcoin can’t fit everyone on the base layer, it doesn’t need everyone on Lightning, it could never achieve either. But it can scale with humans if the systems are designed with the correct incentive alignment.
It’s not what purists want to hear, but it’s reality and we need to accept it for what it is.
🍾 BOOM! Congrats! ⚡
