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It must be a depiction of opening and closing lightning channels, I guess, but can you explain the significance of the shape? For instance, where on chain and lightning appear to switch places? I knew we needed you back!

https://m.stacker.news/18320 It should look like this, but for some reason the spaces at the beginning of each row are removed in markdown.

The representation is about:

  • the strong relation between BTC (onchain) and LN (offchain). They can't evolve without each others. They must run together.
  • as you said correctly it represent also the IN/OUT swaps from a LN channel and also opening and closing LN channels.
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