Avatar
Michael Levin
b945e8537bfd2ca3d36acc393e6ce948ad08471a44e5bc2f7eb1409cf5046619
Fix the Money, Fix the World. Product @ Lightning Labs.

👏 #[0]​ for being first to bring LNC functionality into a Nostr client, think that’s a game changer for non-custodial usage 🙏🏼

Good questions. Agree with a lot of the above. Think another factor is how easy we (as a community) can make non-custodial usage and specifically earning yield non-custodially. That’s the holy grail. We get closer every day, week, month and year. There could be a tipping point whereby it becomes quite easy to do this and coins flood in. But then, the available yield likely goes down. So, it’ll be a bit of a push and pull, but unlocking easy to use, non-custodial yield generation is probably 🔑

Schrödinger’s relays…

Sometimes on Damus, the notes don’t load and I see 2/13 in the upper right corner indicating active relays.

But, when I click through to the relay page, most of them appear online and then I jump to 10/13 or something.

Rinse, repeat.

hmm tried to zap you for this take but I get error fetching Lightning invoice, can zap elsewhere

#[0]

Verifying My Public Key: michaellevin

gm nostriches 💜

lol man.. this is so fun ⚡️

who knows where it goes? but, this moment of just enjoying a new technology is so special 💜

100%

As I wrote here (https://michael-levin.medium.com/part-2-lightning-network-bitcoins-crossing-the-chasm-superpower-7fe4fd4702dc), “ [The Lightning Network] lets developers and entrepreneurs build on top of a global, always-on, permissionless nearly trillion dollar network to create compelling products for their niches. What will those hit products be? No one knows. But, I’m betting on Bitcoin + Lightning Network. Because, at this point, that’s just a bet on human ingenuity.”

Nostr seems like it could be the same bet on human ingenuity just on a communications stack rather than a monetary stack.

Twitter was planning to add Lightning integration per tweet. Then, #[0]​ left and they didn’t…

Along came Nostr + Zaps 👀

permissionless innovation for the win😤

My favorite analogy for Lightning Loop is that it’s a Brinks cash truck for Lightning businesses.

A business fills up on Lightning payments and needs the truck to bring those sats to a safer, on-chain layer. As an added benefit, you replenish your inbound in the process.

Oh absolutely, the amount of development in the Lightning (+ Nostr) space right now is insane. It's my full time job to work on Lightning and it's still hard to keep up on everything going on! ⚡️🏗

In its simplest form, businesses built on Lightning need to receive sats. In order to do so, they need channels opened in their direction (inbound capacity). That inbound is a scarce resource because there’s a limited number of sats and a variety of compelling options to open towards.

Pool allows for node runners to sell that scarce resource to buyers (merchants/businesses)💸

Yep! IMO, the Plebnet Wiki is a great place to start exploring running a routing node. Lots of great material there specifically designed for newcomers https://plebnet.wiki/wiki/Main_Page

For Pool, we have a bunch of great resources and docs (h/t to #[2] ) on our Builder's Guide https://docs.lightning.engineering/lightning-network-tools/lightning-terminal/pool

https://docs.lightning.engineering/lightning-network-tools/pool/overview

winner. zapped the sats. simple and compelling.

One of the best podcast episodes I've listened to this year. https://fountain.fm/episode/13477749405

In one paragraph or less, explain to a "normie" why they should use Nostr as it exists today (not taking into account future use cases yet).

Normie = non-bitcoiner, someone who hasn't been deplatformed, uses Twitter for random news/entertainment, etc

Basically, ELI5 why Nostr, why now.

5,000 sats zapped to the best answer.

What paid relays have people had the most success with/would recommend?

hello nostriches 🤙🏼