Custodial Lightning wallets should abandon Lightning and open regular payment channels between each other
This would save them a lot of money and headaches
Second #hackathon is finished
Two more weeks for a #rust dev to win $20,000
https://www.drivechain.info/blog/perf-contest/

The first contest is finished. You now have until July 29 to make Thunder 5% faster for $20,000

If you are enjoying the Paper Bitcoin Summer
You’re gonna love the Paper Bitcoin Fall
I agree. Network effects > technical superiority
That is why a hard fork will never work. A shitcoin will never work
But Bitcoin is also far superior to fiat, "technically". It can be done if Bitcoin evolves, or this will be Bitcoin’s Kodak moment.
Self-custodial Lightning is temporary because there is not enough space on L1. Even the LN whitepaper says Bitcoin needs 133MB blocks for everyone to make just two channels a year.
I don’t need to try it. I know it will work "now", but it’s temporary.

I was told custodial Lightning is temporary. Now I am told the future of Bitcoin is distributed ecash custodians
That’s because self-custodial Lightning is temporary. The LN has way too many issues, and it’s a waste of time and effort
It was a neat idea, but it’s time to move on. Sunk cost fallacy.
Doesn’t matter. The miners just need to care about money. The users will come when they have something to use.
Someday, everything will be strapped to Bitcoin
Most people cannot imagine scale. That’s why they still think Lightning works.
Also, whatever you’re working on will be replaced by bitnames when miners activate bip300
Do they accept Alby fee credits?
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I think the USD is winning. Most people use that. It sucks, but the new narrative is Bitcoin will make the USD even stronger, so that sucks even more.
🙃

Bitcoin Takeover is the best Bitcoin podcast, by a lot
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Most people use custodians, and will continue to use custodians because it’s much easier.
If self-custody Lightning somehow becomes as easy as a custodian, there isn’t enough L1 bytes to onboard the world.
I did not mean to like this note. Actually, I passionately hate this note 😂 I’m kidding
I woke up for one minute, and now I’m sucked back into this chaos 😵💫
Fuck it, here’s a meme



