809 sats \ 4 replies \ @nullcount 25 Mar \ on: FUD Or Reality Check ? lightning
🚫 Dwindling bitcoin capacity
✅ Getting more capital-efficient
🚫 Expensive to receive money
✅ Startup costs are amortized during the life of a channel
🚫 Channel freezes and other Lightning Network bugs
✅ Can be mitigated today. Could be solved by covenant soft fork.
🚫 Significant developer departures from Bitcoin Lightning
✅ Many new devs are building on LN
🚫 A growing list of Bitcoin Lightning complaints
✅ A growing list of LN companies/communities to support you
FUD debunked !
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Reality check: only about 50% of the last 1000 blocks have any LN channel opening txns in them. But 99% of those blocks have multiple inscriptions.
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It’s a cultural failure. People would rather destroy than create. Ordinals are destruction of capacity, Lightning is the creation of capacity.
Until we heal our culture to inspire creation, we will have to deal with those wanting to regress and destroy.
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I (and I'm sure many others) already have plenty of lightning liquidity. Now the game is to get channels balanced without hitting the main chain.
I do not want to open channels with fees where they are
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