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Trey
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VP, Sales, Unchained | Advisor to Cantilever | FIRE 🤝 Bitcoin | Banker turned bitcoiner: previously Truist, MetLife, Goldman Sachs, Deloitte Helping bitcoiners achieve financial independence and FIRE practitioners understand bitcoin at firebtc.substack.com

The beautiful thing about multisig is that there is no single point of failure, and that includes the hardware you use.

Right now we support Trezor, Ledger, and Coldcard. The market reality is those three manufacturers have a supermajority of market share.

We likely won't be discontinuing support for any of those in the near future, but we are evaluating adding support for additional manufacturers/devices.

Key point: multisig fixes this.

Show me the AI that can render a live version of "Don't Let Me Down" by The Beatles with Chris Cornell on lead vocals, Warren Haynes on guitar, Flea on bass, and John Bonham on drums. Needs a 20-minute jam session in the middle.

True. But there are a range of options for people to leverage lightning, from custodial to LSPs to full node.

Point is that even if you have to open a channel with elevated fees, you can keep it open indefinitely and send and receive millions of transactions.

You can pay 180 s/vb to open a lightning channel and you'll get virtually unlimited transaction capacity.

What a bargain! ⚡

There are four main fundamental indicators I think about for tracking bitcoin adoption:

🔸HODL waves

🔸Hashrate

🔸Lightning network capacity

🔸Price / market cap

Hope you get some good insights out of this discussion! nostr:note1r82grk3uzkajeuls9v093s3t4s0sulptptwm0nh7q06qrn7yxjsqdulhl6

A great conversation with Andy! Check it out and let us know what you think. nostr:note1jcrv78gl8pz78j9y8vzgnfprvtx7t066ks83as55nk5mp87ejltswtslau

Picahna with roasted bone marrow and a bone marrow butter drizzle.

No I just think that NGU drives huge interest in bitcoin, people will be excited about learning about it and using it in different ways, and one of those ways will be lightning.

Way more businesses will start accepting bitcoin when the price is ripping. Otherwise, very few give a shit.

It's a cool chart comparison. But gold has zero chance of regaining medium of exchange!

Don't get me wrong, I want the payments use case to gain adoption.

Just a comment on what I think the reality is.

Nothing drives bitcoin adoption more than NGU. The next mooning period will bring huge new interest in bitcoin generally. Lightning will be a normal part of that discovery process because the network and tools for it are available this time around.

But without NGU, I think it would be a long, slow slog.

Thoughts?

I think the majority of lightning adoption over the next few years will be driven by Number Go Up technology and not by its advantages as a payment system.

$100,000,000 bitcoin and 1 sat/vb txns clearing, nice!

Do you think that's because there are still very few on chain transactions even tho the price mooned? Or did we get much more efficient in using blockspace somehow?

Or something else?

It's 2045 and your 1 sat/vb transaction clears...an indication that bitcoin has failed or nah?

I'm in an Uber and the driver just started playing some kind of self help meditation track.

That's a first.

"I like bitcoin, buy my shitcoin."

Remember when the mayor of Miami dumped his shitcoin on retail?

https://www.miamiherald.com/latest-news/u0lkjf/picture228313044/alternates/LANDSCAPE_1140/0034SUAREZSTATEOFTHECITYADD