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All Eligible Waitlist Members Will be able to send/receive Bitcoin - Lightning Network is Coming to Robinhoodblog.robinhood.com/news/2022/3/28/the-future-of-investing-is-247-s8ksg
34 sats \ 9 comments \ @UlfMoby 7 Apr 2022 bitcoin
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33 sats \ 3 replies \ @BTCMiner 7 Apr 2022
"Lightning Network Bitcoin transfers reduce the carbon footprint of the transaction as bitcoin miners are not needed to validate."
Sigh ...
The narrative from central bankers, nocoiners, shitcoiners, environmentalists, et. al is pervasive (and wrong)
Bitcoin ‘Energy Per Transaction’ Is A Misleading Metric #8971 https://bitcoinmagazine.com/business/bitcoin-energy-per-transaction-metric-is-misleading
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20 sats \ 0 replies \ @0xtr 7 Apr 2022
I facepalmed so hard when I saw that
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11 sats \ 1 reply \ @cliftonbride 8 Apr 2022
I know it’s bullshit but at this point it’s kinda what we need. The mainstream is not going to be able to understand the nuances of PoW & miner incentives so it’s probably for the best to just make blanket statements like, “lightning offsets bitcoins energy footprint” fuck em.
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1 sat \ 0 replies \ @BTCMiner 9 Apr 2022
Then the words to use are:
Lightning network is a technology that permits bitcoin to scale. This enables us to have most deposits and withdrawals occur promptly and at nearly no cost.
That's all that's needed from a Robin Hood / exchange to say about it.
If someone says "What about ... mining" or whatever, well then you go into further details.
Robin Hood was trying to score points, and whomever wrote and whomever approved that blog post, well they were uninformed about that which they were writing and publishing.
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1 sat \ 0 replies \ @Undergotten 7 Apr 2022
This was good news, and also a bit painful to watch as she announced it. People are so (rightfully) mistrusting of Robinhood that you could hear the tension in the air. I'm in favor of anything that increases adoption, but Robinhood has a pretty bad track record of doing some dirty deeds, famously with the whole AMC/Gamestop debacle.
They said "Control your Bitcoin" in the ad, but I'd have to see it to believe it.
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1 sat \ 3 replies \ @cryptocoin 7 Apr 2022
We will be adding the ability to transact on the Bitcoin Lightning Network, an open-source “layer-2” for Bitcoin transactions in the near future. Because these transactions occur “off-chain,” Lightning network transactions occur in a matter of seconds vs. minutes and for pennies vs. dollars, saving customers time and money. Network fees will vary based on demand in the Bitcoin network.
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2 sats \ 2 replies \ @cryptocoin 7 Apr 2022
Article from CoinDesk on this:
Now, all waitlisted customers outside of regulatory no-go zones Nevada, New York and Hawaii can [deposit and withdraw, rather than just invest in a BTC position].
Additionally, she said Robinhood will add support for bitcoin transactions on the Lightning Network, the speedy, low-cost settlement layer for Bitcoin.
“For the larger community this is a fantastic way” to access bitcoin cheaply and in a green way, she said, adding that BTC is the top recurring buy on the app.
Robinhood Releases Crypto Wallet to 2M Users, Plans Integration With Bitcoin Lightning Network https://www.coindesk.com/business/2022/04/07/robinhood-releases-crypto-wallet-to-2m-users-plans-integration-with-bitcoin-lightning-network https://archive.ph/NRB8k <-- An archive, which can be easier to read.
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1 sat \ 1 reply \ @cryptocoin 7 Apr 2022
And an article from The Block on this:
Robinhood widens user access for crypto wallet transfers, unveils plan to support Lightning payments for bitcoin https://www.theblockcrypto.com/post/141008/robinhood-widens-user-access-for-crypto-wallet-transfers-unveils-plan-to-support-lightning-payments-for-bitcoin https://archive.ph/BlFZ0 <-- An archive, which can be easier to read.
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0 sats \ 0 replies \ @cryptocoin 7 Apr 2022
Companies announce future LN support all the time.
Companies delivering LN support, ..., in a timely fashion, we'll see.
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