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Guy Swann 2y ago

The best way to prove the forward security & sustainability of the fee model of Bitcoin is to have 1,000,000+ active lightning channels.

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Avi Burra 2y ago

That’s a little over 10x from today. I think we’ll see that in the next 2-3 years

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Guy Swann 2y ago

I'd be inclined to think it'll be there in less than 2 years. I think we will see an explosion in LN use in the next 12-24 months

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Avi Burra 2y ago

Let’s hope so. A million channels with an average size of 10M sats @ 1000 sats per $ takes lightning liquidity to $1B. Then we’re cooking with gas

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LP Capital Chi 2y ago

Just over 900k channels to go

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Zach 2y ago

Any thoughts on Drivechain?

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Guy Swann 2y ago

Soft fork hell.

It’s an interesting idea that hasn’t left my mind, but I’ve never come down fully in support of it for a handful of reasons. I leave myself open to it, but I’m not so sure it will matter as much as more time passes.

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Sendai 2y ago

I've seen #[5] say the same. Is there an article that describes why this would be the case?

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Zach 2y ago

Because as time passes it will become clear the security budget concern won’t be a problem as it’s being made out to be by some?

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Lightning_Sparks 2y ago

How do I start running a lightening channel with my node? What content is out there for this

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<old>cypherhoodlum 2y ago

It depends on what kind of node you are running. Projects like umbrel make running a lightning node very easy alongside with your Bitcoin node. A good place to start with lightning fundamentals: https://bitcoiner.guide/lightning/

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Lightning_Sparks 2y ago

Thank you for this. Any info on how to get liquidity in order to receive transactions?