10 sats \ 1 reply \ @clownworld 18 Apr \ on: ⚡️ What the Drop in Lightning Nodes Means for LN's Future? lightning
What’s happening is that there is zero adoption by brick and mortar businesses. Thus, the use of LN is limited to enthusiasts and a few online businesses, and when the channels and hubs consolidate, and small nodes go away, there’s no additional growth.
Making a lightning network work is not enough to make it successful as a medium of exchange. Someone needs to go out there and push it and make it worthwhile for shops and businesses to actually accept it.
NOBODY is doing this at all. Literally no one, to the best of my knowledge. This is why it’s not growing.
NOBODY is doing this at all. Literally no one, to the best of my knowledge. This is why it’s not growing.
I don't think there is much desire in the public to buy a cup of coffee with "digital gold" for $3 today, but will have cost you $30 in 5 years.
Greshams Law. "Spend bad money before you spend good money". Currently there is lots and lots of bad money to spend.
This is why I'm also skeptical of the "we need to scale bitcoin" L2 projects. Not against them, just skeptical if there is actual economic demand.
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