paxchristi

#asknostr Lightning isn't good enough for the average user. Managing liquidity even with an app like Zeus is frustrating, even when using LSP. I'm currently trying to create an invoice, and it's just not happening - also the LSP channel is bouncing on and off line.. I ran my own lightning node for a while, and it was a complete pain - the average user isn't going to do this. Cashu is fine for small amounts, but it's 100% custodial, yes it's great for privacy and resolving (mostly) liquidity issues but it's doing an about turn on (for the user) one of the most fundamental aspects of bitcoin - self-custody. I listened to nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu on 'What bitcoin did' and I'm sorry to say, he was not listening to the genuine concerns Paul Sztorc was raising (I'm not a proponent Drivechain at all, don't know enough about it). But nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu was not listing to Paul's fact that lightning literally cannot scale/serve the global population, to be used as their primary bitcoin payments rail. Because of the block size bottleneck, it’s not physically possible for the Bitcoin base layer to create enough UTXOs to give every human a channel anchor. At most, the chain can add a few thousand usable UTXOs per block, which is about 10–20 million new UTXOs per year (depending on transaction structure and usage). To address these limitations developers are introducing more complexities with things like factories etc, but this was another point that Paul was making, if we start building more and more on top of something that from the get go is limited and has negative UX aspects liquidity etc, it might not be the best approach. Paul's rebuttal was that, look it's working - therefore, no problem etc Or Cashu working and can address scaling, but it's fully custodial, so to Paul's point again, if things like Cahsu are the solutions to lightning limitations, it's not good enough, (we're giving away self-custody) Additionally new comers to the space will have to grapple with the above - e.g. trust Paul (in the countries he's working in) that trusting other people with their sats (Cashu) is fine for x duration (why they ask?) to then have to explain why it's necessary (and how to) sweep their funds to something like Zeus, explain LSPs, liquidity, nodes etc and finally explain sweeping sats from lightning to bitcoin is necessary, and what full self custody genuinely is. I'm not saying providing this education to each person who comes to the space isn't possible, I'm just saying maybe we're building out the wrong things (the ladder is on the wrong wall) To sum up: Lightning UX isn't up to scratch (liquidity issues, LSPs, channel management etc) even Alby/ Zeus is frustrating and plenty complex for a semi-technically proficient person Lightning wont scale globally, if it does it's done with additional complexity and patch work, with come with significant trade-offs. I'm looking at Spark at the moment which seems promising, and could 'Simplicity' by nostr:npub1jg552aulj07skd6e7y2hu0vl5g8nl5jvfw8jhn6jpjk0vjd0waksvl6n8n be something? Finally I'd like to thank everyone in this space, and all the work they do especially all those explicitly mentioned above. nostr:npub1cj8znuztfqkvq89pl8hceph0svvvqk0qay6nydgk9uyq7fhpfsgsqwrz4u nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc nostr:npub1rtlqca8r6auyaw5n5h3l5422dm4sry5dzfee4696fqe8s6qgudks7djtfs nostr:npub1guh5grefa7vkay4ps6udxg8lrqxg2kgr3qh9n4gduxut64nfxq0q9y6hjy nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle nostr:npub16le69k9hwapnjfhz89wnzkvf96z8n6r34qqwgq0sglas3tgh7v4sp9ffxj would love to see more conversation(s) around bitcoin scaling 🙏 Here's nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 https://fiatjaf.com/04e9e814.html article on lightning limitations that Paul referenced, but I don't believe nostr:npub1trr5r2nrpsk6xkjk5a7p6pfcryyt6yzsflwjmz6r7uj7lfkjxxtq78hdpu read (at least prior to the WBD episode)

nostr:npub17usj0jh86ged3pt34r5j6ejzfar9s2q5dl3l84tq8ymhfj2wz08sxmkf8w Dude, big no to the name ainos ainus anus .. No? (But very cool stuff otherwise €