Nostr Web Client

I have not questioned the speed of Lightning but there is not enough block space for many small non custodially produced channels. You will have to rely on LARGE channels that are open for long periods of time, and then we suddenly have Trusted Third Parties (which was my point) or have I misunderstood Lightning completely?

mike 5mo ago

Yes, you've misunderstood Lightning completely in the same way most people quote semi truths about Bitcoin that make it seem wrong or stupid.

Run a node for a while, they are easy to run and will help you understand how powerful they can be.

Also, don't forget there are paper Bitcoin options emerging now like Cashu (not the fake Bitcoin trading meaning of paper Bitcoin).

For offline communities, it is possible to have printed notes that can be exchanged infinitely before they obtain final settlement on chain, which you may never need to do.

Also mints, which are private communities. These do require trust models, but can be useful for organisations or groups where trust is already built in.

There are so many options for so many different scenarios. It's worth your while exploring them more.

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Discussion

Hans Karlsborn 5mo ago

😅I run a node, Start 9 since 2023. On the basis of this my scepticism of Lightning in its non custodial form has increased. It works NOW (and the zapps I give away comes from my node) but it will not satisfy 8 billion people using only non custodial wallets. You will have to rely on Trusted Third Parties like Wallet of Satoshi and Muun and Speed Wallet etc to even have a chance to satisfy the global population and not only a couple of hundred thousand nerds🤷🏼‍♂️