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695 sats \ 3 replies \ @k00b 18 May 2023 \ on: Will the complaints stop when ordinals come to lightning network? bitcoin
No, then we'll complain about them using up liquidity on lightning and driving up fees.
The problem isn't so much that fees are high. It's why they're high.
we will not complain about shitty images running on LN because we simply won't care
why driving up LN fees? LN throughput is so big that we won't even notice these shitty images are running there
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Theoretical throughput is high. Liquidity is still pretty low and the network is vulnerable to a variety of attacks.
If someone is sending me an altcoin with a high bitcoin exchange rate (let's say its 1:1) it'll exhaust one bitcoin of liquidity in my direction.
We will be competing for bitcoin liquidity with other assets afaik.
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I think it will self regulate like currently with plain transfers:
if you think your NFT is high value - on-chain
for all low-value NFTs - the LN is the way to go, and this will impact liquidity much less
this new traffic and interest in it - will make that liquidity will be growing yet, additionally
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