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ODELL 2y ago

After the 2017 bitcoin fee spike we had six years of relative quiet to build tools that would be robust in a sustained high fee market.

Fortunately our tools are significantly better now but many still need improvement. Most of the pain points we see today will be mitigated.

The reality is we were never going to be fully prepared - pressure is needed to show the pain points and provide strong incentives to mitigate them.

It will be incredibly interesting to watch how projects adapt under pressure. Optimistic we see great innovation here.

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The Ben Gunn 2y ago

Fedi must be loving this, as basically a public mixer on layer 2.

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tha finga 2y ago

While I love to watch NGU. I also love to watch when #bitcoin is attacked. It shows the true resilience that was built into the protocol. This attack, just like all the others, is unsustainable in the long run, and will be pronounced null and void in the end. In other words, I share your optimism brother.

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Gurunkul 2y ago

Beyond resilience, antifragility. It doesn’t just survive, it gets stronger.

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Lloyd Dunne 2y ago

What if some miners are doing the inscribing here Matt?

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Bitinel 2y ago

Only issue I have with lightning as a preparation tool is peers force closing channels.

Case in point in my lightning node, I have a few small channels and one main channel to Bitrefill.

Sometime in the low fee, cleared mempool state, unbeknownst to me, my main channel was closed. Now I have a few million in sats freed up to open a channel (impossible in this environment), and no liquidity in my remaining channels...

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BHN 🍁 2y ago

Whether in matters of body or mind nothing improves without resistance.