0 sats \ 2 replies \ @Modus 10 Aug 2022 \ on: What is the state of Self-Sovereignity for poor people? bitcoin
On-chain.
Poor people probably won't run any node, let alone a lightning node.
On-chain is where self-sovereignty lives.
Onchain is more expensive.
I dislike the idea of the world being more expensive the poorer one is. I also dislike the idea of non-custodialship self-sovereignty being unachievable for poor people.
Remember that large parts of the world population see 1$ a day as a normal income.
And Lightning was made to sink the barrier to entry. Can't it go lower?
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On chain isn't always expensive. It's often quite cheap.
I think lightning is just not a great solution for poor people. (I need to learn more about quasi custodial wallets muun, breez & phoenix. Those might be good for poor people.) Fedi mints will be awesome, but until then i would probably recommend poor people use liquid (yes liquid) or on chain over lightning.
And Lightning was made to sink the barrier to entry. Can't it go lower?
In theory, yes, but there's a lot more work to do. I think fedi mints will get there before lightning gets there.
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