Its nice to dream sometimes
A 1 million sat lightning channel can now process payments as large as $800.
As the value of Bitcoin appreciates, the lightning network becomes capable of processing larger payments.
This improvement requires no additional Bitcoin blockspace.
https://video.nostr.build/d3bb786ac1f929e07ce5ed022ddb7474fd77afb5ea43bda0820ba7132a526d6e.mp4
#lightningnetwork #amboss
True
But also increases the cost to open and close a channel
I think retail is just starting to wake up now.
Just so you can interact with it. Ask it questions, give more examples or simplify it a little.
Don't know if I can trust chatGPT alone with my kids. I want an offline version, limited to dictionary functionality.
A.D.
I think they have bigger fish to fry. There's still a cost to take someone down.
If you don't do anything like KYC'D base layer bitcoin it exposes you to $5 wrench attacks and social engineering attacks too. You have to do something to at least stop this.
I meant the individual mint. You have an anonymity set of everyone in that particular mint. Yes, its custodial so that's the trade off. There is apparently a way to pay a LN invoice from various mints but I think it isn't released yet.
Right out of the box? Not running a node? Straight from the exchange?
Look, if the FBI or other 3 letter agencies want to find out all your financial activity they'll probably be able to no matter the source of money you're using. What I'm saying is that LN is good enough and its getting better. There's unannounced channels, multi part payment and trampoline routing. More recently (and yet to be fully rolled out) are bolt12 and blinded paths. Then there's also all the ecash mints which give an anonymity set of all the users in the mint.
There are other tools too. Coin joins like join market and wasabi (joinstr also in testing phase). There are state chains and UTXO swaps. There's liquid, there's silent payments and there is payjoin.
There will be more too. I'll admit that it is slow but eventually there will be privacy focused wallets that do a lot of this in the background giving the user the "landing" your meme suggests. For now there's some hoops to jump through.
I don't really have a problem if people want to hold bitcoin and whenever they need to spend they swap into XMR for the payment. I just don't think its necessary and you definitely don't want to be holding it for too long. It also doesn't guarantee absolute privacy (especially for noobs).
I heard that the whirlpool maxi's moved to monero. No wonder you hate lightning
