I'm not sure about where you're at but jobs are scarce around here. Everyone is probably applying to that out of sheer desperation.

A lightning channel is an on-chain utxo that you and I both control.

Off chain, we keep track of how much Bitcoin each of us owns in that channel, and if either of us want to take our side back on chain, we can close the channel into two separate utxos that have the final balance each of us had.

The lightning network forms by many people having channels in a chain, where I have a channel with you, and you have a channel with someone else. I can send Bitcoin to that someone else with you as an intermediary, and you can collect a fee for doing so.

It’s a payment channel. When a channel is opened it is an on chain transaction and when a channel is closed it’s an on chain transaction.

In between those two events the channel is like a bar tab but instead of putting a card on file in tradfi lightning uses multisigs and htlc

I'm seen as paranoid by a large percentage of my family because I'm very uncomfortable having lots of money in USD. I'm sorry but I literally can't sleep at night knowing that all the time and effort I put into earning the money will be inflated away when I wake up. I can't stand it, I would rather have money in #bitcoin #monero #gold #silver . Maybe I am paranoid but I think it's a valid reason.

The meme "there is no second best" is not some fancy bullshit to degrade other projects, it just to know that there is no necessity to have other units of measure for time/energy, it is really just noise to have many things that have the same purpose.

So it is important to take the one that at the base is the most reliable, an then build on top.

Would be interested to know why you think having others "crypto" is useful

The meme "there is no second best" is not some fancy bullshit to degrade other projects, it just to know that there is no necessity to have other units of measure for time/energy, it is really just noise to have many things that have the same purpose.

So it is important to take the one that at the base is the most reliable, an then build on top.

Would be interested to know why you think having others "crypto" is useful

so you’re a glass half empty kinda person huh ?

I probably wouldn't go the other crypto for carrying it around just because bitcoin is the biggest, most famous, and most traded afaik.

They can only tax what they know about 😉. Although, I believe in some ways governments integrating it makes bitcoin a better store of value than it was. It's more popular and number of fiat you can get for it keeps going up when institutions buy up big.

Not at all to the same degree of acceptance and depth of liquidity