You can try filter.nostr.wine but you’ll also need to turn off the other public relays and only have paid relays.

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Only human

(I wrote some code about 3 years ago but I’m rusty)

Yes no doubt there are benefits to even custodial lightning.

I just don’t like the fact people are forced to use it as their only option (if BTC blocks fill up).

Also the ins and outs are a large component of the tx size and there is a tx size limit.

Good point. But if people move bitcoin into a wallet they later might want to move it (surely it won’t be there forever). That will be a single tx per user.

Okay so you are saying money is stored on Bitcoin. But Bitcoin can’t handle 1 billion transactions in the next 5 years. Or you are saying people use fiat for larger amounts instead of Bitcoin?

My concern is people won’t have a choice except to use custodial because the block capacity isn’t there.

To be fair a lot of Bitcoin is held in custody too, but people aren’t forced to use custody.

Let’s say the network handles the first 500m but not the next. Then custodial lightning providers will become centralised and we are back to the old banking system. Custody should be an option not the only option.

Would that require a new channel?

So in summary, to my earlier question about Lightning scalability:

Using back of the napkin calculations, you probably couldn’t onboard 1 billion users to Lightning within a 5 year period because each new user requires an on chain transaction to open a new channel and it would take Bitcoin 5 years to process those transactions.

But there are possible future solutions that could reduce the number/size of onchain transactions to onboard users, or a different blockchain-based layer 2 could be used with bigger blocks which Lightning rides on top of as layer 3 which would allow a greater capacity for new user onboarding.

That’s really interesting thanks. I’m about halfway through it.

I have to say things on Nostr have gone down hill since the Bitcoin/Lightning nitwits arrived. I guess that’s the way of things.

And you’d be wrong. Thanks also for not answering.

I just realised you haven’t answered any of my questions.

I’ve been in Bitcoin for years, completely new Lightning. You aren’t giving me any confidence whatsoever I would want to store my funds there.

Here’s another question for you, you are happy keeping $100k+ on the lightning network which doesn’t have a proof of work immutable ledger?

Should be a simple answer. Clearly isn’t.

Okay I’ll be generous. Let’s say Bitcoin can do 500k tx per day. It would take 5 years for each of 1 billion people to make their first transaction.

Are you saying I am wrong?

My point is that if 1 billion people adopt Bitcoin the network won’t handle it. It’s not about whether I want to use it, it’s whether there is capacity for a typical social media audience which is typically in the hundreds of millions if not billions.

And you do realise that all that BTC will be held by large lightning providers? Concentrated into a few, which are essentially banks, sitting on almost all of the Bitcoin.