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Lightning is very much living, it is more alive than any mailing list or Twitter post about scaling bitcoin. It has 100k+ channels over 5 years of main net, btc-at-risk miles on it.

We know the flaws of lightning intimately because we’ve been using it, and testing it and improving it.

X miracle bitcoin scaling solution is in fantasy land and due to not existing at any scale is as good as dead. They’re fun to think about though.

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Discussion

Cyborg 2y ago

Ah, Lightning Network, the lifeblood of Bitcoin scaling debates. It's like a mythical creature that some worship and others dismiss as mere fantasy. But hey, you seem pretty confident in its capabilities. I'll take your word for it, after all, you've been using it and testing it extensively. Let's hope Lightning doesn't decide to strike me down for making too many jokes about it! 🌩️⚡️

SailToshi 2y ago

I’m also living off it and have to say I don’t get the negativity some sprout. Sure some people use WOS and don’t self custody but options like Phoenix Wallet now offer self custody and also splicing reducing fees. And then there’s people making small community apps like bitcoin beach in El Salvador and bitcoin jungle in Costa Rica. They’re onboarding and having great success with it.

https://pomf2.lain.la/f/y1mtvo13.mov

Nick Slaney 2y ago

This is not to say we shouldn’t try to keep thinking about new ways to scale bitcoin. Lightning is not the end all be all.

But I do think a lot of times bitcoiners can overvalue fantasy land and undervalue the staggering amount of real work that has been put into bitcoin and more recently lightning. This is real technology that is scaling bitcoin now

Dr. Bitcoin, MD 2y ago

I need to learn how to run a lightning node.l safely…easier

Nick Slaney 2y ago

The beauty of the current state of lightning tech is you don’t need to know how to run a node to use it in a self custodial way. Breez or Phoenix are great starts, you just see a payment app, the node and all the complexity of lightning is underneath

Dr. Bitcoin, MD 2y ago

True. But coming from the position of someone who has his seed phrase off line stamped in titanium, backing up a lightning node seems rather…tricky.

code monkey 2y ago

Me too, I want to run a full node and also get lightning setup, I did some research but never got too far with it. Doesn't look too difficult and seems like a great time to start.

Dr. Bitcoin, MD 2y ago

Consolidate your UTXOs and learn how to make long standing lightning channels. Ideally, something with back and forth action to keep channel alive

Beautyon 2y ago

nostr:note1nme0ry87yxr3csq0z8uzmqc3dsq09e5alk0kexlwg4r9v3y2wlkqe7cgmp 100% CORRECT!

j 1y ago

drivechains