Nostr Web Client

The fact that Bitcoin isn't yet accepted everywheree and for everything really underlines for me how few people have actually used Lightning. Whenever I show somebody how it works, there's always that "wow" moment. But why was it a surprise?

The problem is that normal people still understand BTC from the one half-remembered opinion piece they read in 2017, and are operating under the belief that transactions still take an hour to settle, rather than being instantaneous and irreversible — money transmission without the Paypal Problem. The public mind needs a cache refresh.

James Cridland 2y ago 💬 1

For many people outside the US, the "wow" moment is a "is that it?" moment. I can put money into my wife's bank account from my (different) bank account here in Australia for free and instantly. I can put money into my business partner's bank account in the UK from here in Australia instantly, too. Money transmission without any issue at all - and certainly without PayPal.

I have an API to my bank account to do it all programmatically, too. The speed of payment really isn't a selling point for most of the planet. We probably need a better way of promoting it.

Reply to this note

Please Login to reply.

Discussion

Иван 2y ago

Same thing in Russia. We can transfer money to each other instantly. So of course in that sense Lightning doesn't surprise me.