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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Brisket 2y ago

The lightning network was basically non existent before the last halving.

It was such a massive level up for Bitcoin.

Can you imagine what another full cycle will bring? Layer 3 networks?

The craziest part is how cheap it still is to buy a small slice of the base layer & every layer that will ever be built on top of it.

If you adjust for inflation we're basically still at the 2017 peak.

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