110 sats \ 2 replies \ @030a29f333 31 May \ parent \ on: Summarizing my thoughts on ecash bitcoin
Seth I like you and you have some good points in your post, but cmon.
Obtaining and managing a LN channel is not for everyone (I'd argue not for most people). Base chain fees won't allow for "pocket money" channels. Getting a channel presumes a decent amount of bitcoin to deploy in the first place.
Phoenix isnt available to everyone on their app store (wink). Zeus is cool but I had an unfortunate experience my first go around with them and regular people aren't gonna deal with force closes.
So instead of advocating for improving Lightning or building better L2s because of bad experiences, you just give up on self-custody all together for payments?
Talk about throwing out the baby with the bathwater...
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Not at all. Trust minimized self-custody will always be the north star. I hope things like Hedgehog can enhance LN. If we get CTV in the next couple years then that opens a lot of interesting doors. Even if not, self-custody LN will continue to improve.
Ecash is just a net improvement for the custodial experience. There is a market for that, whether it is ideal or not, and I'm glad that low hanging fruit is being experimented with.
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