Lightning Network ⚡ really proved its usefulness during high fee environment. I tested and both custodial solutions like Primal, WoS and self-custody like Phoenix worked smoothly.
Obviously it was not a good time to open or close channels.
High fees provide the incentive to continue to innovate and scale. LN ⚡ can probably take us to the next billion users, but beyond that we are going to need even more scaling solutions.
For 8 billion people to use Bitcoin we are going to need a LOT more.
Fedimint will be enough for the planet. Tons of small, unregulated federations < 1000 users will be reasonable secure and way more distributed than the current banking system.
Normal users just want do download an app and start transacting, and this is a great solution without capturing them in a single regulated custodian.
Thanks.
I'm going to have to study Fedimint (https://fedimint.org/) and Cashu (https://wallet.cashu.me/).
Here is a great introduction to the technical side of chaumian ecash by nostr:npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7
