What impact will widespread adoption of the LSP spec have on the Lightning ecosystem? Are there any interesting second-order effects?
I view LSPs as infrastructure for the Lightning Network. I'm not convinced LSPs themselves will attract more people to use LN, but when people are ready, LSPs will make scaling and onboarding way smoother.
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I like this point of view.
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The obvious benefit to the spec is easier integrations for wallet or system builders into LSPs. Of course it will be positive when it becomes completely integrated across the ecosystem. Second-order effects could likely be more participation from new players in providing liquidity. More LSPs, more liquidity, etc.
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LSP > ease of use > non-custodial adoption.
We see that already with Mutiny, Zeus and others implementing LSPs.
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Yeah good call out, LSP Spec is a giant win for self custody services.
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  • Switch easily between LSPs. Privacy++.
  • Creates a competitive market. Better service.
  • Everybody can participate.
You might enjoy my recent LSPSpec talk
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