I’ve had some really great comments on this new pod!
And can’t wait to see and spend some time with those coming to Bitcoin Atlantis!
nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe nails it as usual with easy to understand facts. #jeffbooth #mymentor #bitcoin #protocols https://youtu.be/45YiWmK70WU?si=PHBVVz4fEgepx-40
take a listen nostr:npub1ju2sw9unanr94p5wama3ydv90hcke34wcnmnxedummspaayz55qswlya32 nostr:npub1773r2y5zl3sa7xufmye96un3hf02rse8j82hkd45ps0wvk2hrkasslesjt nostr:npub18ams6ewn5aj2n3wt2qawzglx9mr4nzksxhvrdc4gzrecw7n5tvjqctp424
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Can be self custodial - Like Breez, and allow liquidity in larger LSP’s
The difference (imo) is that the trade off is some centralization of LSP’s because of efficiency, while keeping them honest through the free market. (Ie - if they raise prices too high, people flee to competing solutions.
Fair - but some trade offs are required to scale to 8 billion people. If you realize that the builders of those solutions think similar to you, (Bitcoin maxi’s) you can imagine how they are creating checks and balances to ensure it is fully backed to bitcoin.
Think of it as the highway that connects the cities. (Cities are fedimints) Early builders were building one way back end gravel roads. (Liquidity demands that create choke points on the one way roads).
That problem is being solved!
Expect the same or higher FUD on lightning as you have seen on #Bitcoin layer 1. Ie - Follow the money!!
As more people realize how attacking Bitcoin first layer only made it more decentralized and secure, it makes perfect sense that capturing the 2nd layer also moves into focus.
Imagine telling people that Lightning will not scale when it has grown ~ 20,000 % over the last couple of years. It IS scaling and becoming easier to use as companies building on it (like Breez) solve problems that bring on the masses.
Other scaling solutions like Fedimint, integrate and scale further.
Super exciting times in as the builders - build.
Yes, still things to work on but saying lightning is dead, is akin to saying Bitcoin was dead for the last 14 years.
Ps - on a personal note, I use it every day (as many of you do on Nostr) and it seems to be “scaling” just fine.
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🧡 - Thank you Jack, and great to meet you here!
This is true but not what I’m talking about. I spend time with many disparate groups outside of Bitcoin - health, politics, financial, spiritual, agriculture that are all “starting”to see that their biggest problem is actually a sub-problem of something else. I’m being pulled into those groups to help them understand the bigger picture.
