Lightning Network is quietly becomming where commerce and exchange happens, but you can't tell because it's impossible to know how much volume is being transacted on there. Each channel can be used millions of times in each direction with a single onchain transaction
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Rob
rob@stacked.cash
npub1ejlg...fyer
Bitcoiner in NZ. Co-founder Lightning Pay. Open source dev on Bolt Card standard boltcard.org
Spend the change you want to see in th world.
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The what hole?!?
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AI generated - but awesome video on NOSTR. 19k zaps.
That would pay for the compute and some of the time to make it. Economics stacks up.
Way better than on a centralized platform.
Self custodial lightning is not broken, Pheonix wallet works perfectly.
However, noobs do not appreciate, and are therefore unwilling to pay for their own privacy and sovereignty.
We must use any tools we have which get noobs as close as possible while being as cost effective as possible until they have used and understand Bitcoin enough to then value their privacy and sovereignty.
Price is going down because we have too many miners.
The Bitcoin custody model is a delicate set of tradeoffs and reducing it to "selling out users" is wrong and completely unhelpful.
Everyone wants self-custody but the reality is noobs aren't ready to pay for it. The question is how close can we get while maintaining noob friendly UX
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How to future proof your usefulness against incoming AI.
Be competent at what you do.
A competent tastemaker using AI will always win out against an incompetent one.
