NEW ATH FOR LIGHTNING NETWORK!
This makes lightning a more powerful and scalable settlement layer for #bitcoin.
Two factors have driven the Lightning Capacity higher:
1. Bitcoin-denominated growth in lightning infrastructure
2. Rising exchange value of bitcoin in USD terms
Why are you measuring capacity in a shitcoin?
Right, lightning capacity in BTC has been dropping since the last time I checked
Bitcoin is not yet a unit of account and the settlement capacity is better measured in USD as an established unit of account.
Bitcoin is definitely a store of value and the next phase is a medium of exchange, but unit of account is still in the distant future.
Its not about any of those states IMO. I open I channel, I specify the size of that channel is SATs not USD, so capacity should be measured in SATs. It surely is the natural measurement unit for this application.
Just because roads are built in tons of asphalt doesn't mean that tons are the relevant unit for the road's usage or its collective ability to move traffic.
Similarly, lightning channels are created in sats but the relevant metric for its settlement capability and economic utility is the same metric used for the pricing of goods, which is USD for direct comparison to other economic systems.
Lightning about to go parabolic ?
