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1191 sats \ 0 replies \ @davidw 19 Aug 2023
Great write-up to showcase both innovations and challenges.
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Key Highlights
- The majority of Lightning users today utilize custodial solutions because they are convenient.
- Splicing will allow users and service providers to abstract away the difference between Lightning and on-chain bitcoin (the user need not notice a difference).
- Lightning Service Providers (LSPs) will serve as a portal for end-users to access Lightning.
- Technical developments on the near horizon could increase the privacy of all Lightning users without users having to take any additional actions.
- There is much to be excited about in Lightning; all of the future-state projections in this article were informed by solutions being worked on today. The more developers and entrepreneurs focus on optimizing user experience, the more participants and capital joins the network, and the better everyone’s experience gets.
TLDR…get building! Lightning is going to flourish.
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114 sats \ 0 replies \ @jk_14 19 Aug 2023
"If more capital is to move onto Lightning, users must be able to restore their node or wallet in a way that is familiar to them - like entering a series of 12 or 24 words into an application. Service providers allow users to store an encrypted backup of their Lightning wallet in the cloud. In the event that a user’s device breaks or is otherwise compromised, the encrypted cloud backup could be easily imported to a new device."
That's already implemented in Breez wallet. Really easy to restore Breez node & wallet on a new device - just enter 12 words and it's done.
Additionally, NFC as another way of making payments - is a must.
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100 sats \ 0 replies \ @k00b 19 Aug 2023
You know it's legit when they link to @benthecarman's Zapalytics.
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1 sat \ 0 replies \ @beorange 19 Aug 2023
LN is essential to make Bitcoin usable to the masses.
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0 sats \ 0 replies \ @sime 19 Aug 2023
TIL we are skipping 2024
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0 sats \ 0 replies \ @Rsync25 19 Aug 2023
Perfect!
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