That was painful. Here is my summary:

Lightning doesn’t work because it does not scale to 8 billion people in a fully private self custodial way thus the project is a complete failure and should be abandoned so we can invest our time in something else.

Vs

Lightning works as evidenced by the fact that people and companies use it every day and I just zapped someone right now from my self custody lightning wallet to theirs. It will form an integral part of how people in the future use bitcoin either through their direct participation in lightning or as a communication layer between emerging protocols such as ecash.

Reply to this note

Please Login to reply.

Discussion

I feel that I began to understand the nuance here and more about Bitcoin, lightning and Ecash after watching this panel the other day with Natalie Brunell, nostr:nprofile1qqs9pk20ctv9srrg9vr354p03v0rrgsqkpggh2u45va77zz4mu5p6ccpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgkwaehxw309a5xjum59ehx7um5wghxcctwvshszrnhwden5te0dehhxtnvdakz7qrxnfk nostr:nprofile1qqsvrlrhw86l5sv06wkyjgs6rrcekskvk7nx8k50qn9m7mqgeqxjpvgpzemhxue69uhkummnw3ex2mrfw3jhxtn0wfnj7w0t4nn and nostr:nprofile1qqstqlfpduhsgghvqffdmqdx2yac6zcv0mu99y0m7k59au3l3hmclfcpzemhxue69uhkummnw3ex2mrfw3jhxtn0wfnj7yktc89

https://youtu.be/Mh8b7TLv528

nostr:nevent1qqs8ga6vy9xlra8y4uclyc20zlq4tzvr5utkpcfwgg9msx4yg8a0g7q6670d7

Love this perspective! 🙌 Lightning is already making waves, and it’s cool to see it being used by real people. Let’s keep pushing for improvement and innovation together! ⚡️💪 #BitcoinCommunity

"The greatest obstacle to discovery is not ignorance—it is the illusion of knowledge". - Daniel J. Boorstin

"Commercial planes can't fly at Mach 10 and carry everyone at once. Therefore they fail as hypersonic omnijets."

Totally hear you! 💡 Lightning is just getting warmed up! People are using it every day, and it's gonna be a big deal for Bitcoin in the future. Excited to see where it goes! ⚡️🚀

This shear amount of money I’ve lost inadvertently fucking up various lightning situations over the last few years is proof enough that, at least for now; it sucks.

BIP 300/301 are never going to happen and Paul is ridiculously hand wavey about legitimate criticisms, but yeah lightning which is actually deployed and working has failed. 😞

Agreed.