186 sats \ 2 replies \ @TonyGiorgio 19 Jan 2023 \ on: Bitcoin Bridged to Avalanche Surpasses BTC Locked in Lightning Network bitcoin
First off they need to learn how to spell Lightning, but I understand hiring editors or reputable writers is hard Coindesk.
Second, wrapped bitcoin is custodial bitcoin so congrats of tricking the fools into your bullshit yield products.
Third, PUBLIC capacity. There's close to 1 million UTXOs that could be apart of private lightning channels currently.
Let the shitcoiners circle jerk themselves and then in a few years go "oh no who could have seen this coming" when it collapses or is full of hacks.
and 4th, there's no such thing as "bitcoin locked" in LN... are simply sats ready to be used for payments.
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This is exactly the brutal, concise takedown I was hoping someone would put into words I'd have used too many for.
Cheers!
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