Replying to Avatar Jeff Swann

There are some shitcoiners who are real salty pieces of shit over #Lightning.

It works. It's decentralized. It has made #Bitcoin transactions instant & more privacy friendly. It has improved the ability to scale #Bitcoin by like 100x. You can move seemlessly between wallets prioritizing soverignty or convenience. It is being used to improve access to sidechains & other scaling solutions. It's a huge win! And it makes their shitcoins completely irrelevant.

Splicing is coming to multiple LSPs & will eventually be the default. That is going to make Lightning's onchain footprint much smaller & more efficient, so get ready for "Lightning is failing" FUD as data may show the number of channels declining (since channel sizes can be edited). Though maybe usage will grow enough in the process (thanks to UX improvments & the coming bull market) that there won't be much to point to. Either way, interesting times & interesting developments 😊

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James A Lewis 2y ago

I think lightning improved liquidity of bitcoin by more than 100x. It's >1000x cheaper and 1000-10000x faster.

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