661 sats \ 4 replies \ @pillar 26 Sep 2022 \ on: What is the most important issue to solve in LN? bitcoin
Making it invisible. Onboarding a normie in a simple way nowadays is difficult because you will stumble with the problem of them not understanding on-chain vs lightning in minute one. And then you need to spend 30min at the whiteboard just for them to be able to know which menu they should pick in Muun.
We need to abstract more things away until it's dead simple. I'm hoping that Federated Chaumian Mints deliver their promises on this area.
Phoenix wallet does a perfectly fine job of this
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No. A normie will be confused by channel opening fees, because less money arrives than what was send. their immediate reaction is either "scam" or "wow, is this expensive. Paypal/CashApp/et al cost me nothing" etc etc
We know why the fee occurs and why it's necessary, but when talking about "making it invisible" then it's those little things that throw normies off big time.
Hosted channels in a proper wallet would probably the best option for seamless newbie onboarding, and still offer reasonable privacy
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Cash App and Paypal don't do international transfers very well and that's the best audience for Bitcoin right now.
When the government does some obvious abuse of money and people get angry about bailouts again, we get to talk about those fundamentals,
Right now anyone unwilling to learn the basics like why Bitcoin exists and transaction fees etc probably shouldn't be using Bitcoin. Someone who gets mad about a transaction fee is also going to get mad about price be low as well.
(Also Cash App has lightning network withdraws yay)
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You're wrong. The confusion about so many payment options, technological confusion about Lightning/onchain are far more offputting to normies.
The cost of Lightning transactions already almost zero and bank accounts and credit card already cost 5 or 10 bucks. And "you pay with your data" is a known concept that mainstream people hate. 😡
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