What about the newcomers? Throw them to the wolves? Increase the barrier to entry?
And what about third world economies having to pay a weeks wage to open lightning channels?
Not being snarky, genuinely curious to your thoughts on these issues.
Discussion
it may be perceived as dismissive to say it, but inevitably, the majority of humanity will only ever interface with #bitcoin via the Lightning Network; they'll download softwallets, receive sats, and partake in the economy on L2
in the same way early adopters yeeted 10,000's of wholecoins without knowing what they were hodling
solutions will pop-up, such ad fedimint that will facilitate smoother UI/UX experiences...
fees will only remain high as long as ordinals are a thing, and the price-of-entry will remain prohibitive - both in terms of actual financial cost and education in learning about coin management
Thank you for explaining your opinion.
I agree that most individuals will likely never interact with the main chain. Lower-cost more UX friendly lightning services will evolve for most people.
I still don't fully understand the fedimint thing even after listening to a few podcasts. It sounds too localised of a solution to work in our current societal paradigm imo, but i'm probably missing something. Can you recommend any good resourced to learn about the fedimint system?
I found this WBD pod very insightful
Fedimint communities could popup at concerts, conferences, etc.
while others may perform more permanent solutions, maybe across whole municipalities/provinces/states
https://m.youtube.com/watch?v=XosysCtKxt4&pp=ygUZd2hhdCBidXRjb2luIGRpZCBmZWRpbWludA%3D%3D
Thsnks, i'll check it out and see if it makes sense 👌🏼
