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100 sats \ 3 replies \ @BTCLNAT 2 Dec \ parent \ on: How Bitcoin Scales w/o Forks: the Lightning, Liquid, On-Chain Triangle bitcoin
The thing is that there will always be those who are really smart and want the good of others and that means their well-being in return, that is very good. But there are the bandits who for their own benefit do not care about harming others.
Today I have to share in the educational project of CubaBitcoin, the Lightning Network and the use of Bitcoin in daily life. Some of the students are nocoiners and others shitcoiners. So to level things up, in a very basic course the proposal is:
Understand why we need Lightning Network, they already saw Bitcoin Onchain last week,
Airport Analogy (does it sound familiar to you?) and finally try with Wallet of Satoshi the speed of LIGHTNING. I only have 1 hour to do everything. During the week we continue to go deeper online with them.
But if we want people to learn and adopt Bitcoin as what it is, MONEY. For me Lightning and the main chain are all they need. I always question the rest.
Even one of the instructors at CubaBitcoin asked me:
How could you explain to the guys that Lightning is Bitcoin and Liquid is not? So I had to mine for knowledge. But now I see it clearer and I can try to make it clearer for others.
Once again, thanks bro.
Lightning and liquid are completely different, they are not the same.
However liquid and lightning used together intelligently, allow continual, non-custodial exchange and savings of Sats even when fees are high.
In wealthy countries maybe it doesn't matter... people will pay the on-chain fees regardless once they figure out what Bitcoin is.
But in relatively poor or developing countries, the fees will pile out of control in my opinion. Liquid is then used to manage liquidity... or to accept lightning payments through BTCPay server just long enough to have enough Liquid-Sats (a few hundred dollars worth) to open a Lightning node. Lightning QR -> Liquid (BTCPay Boltz works like this as I have detailed above).
That's the purpose.
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No. Liquid is just a bullshit narrative. See here: #791278
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The idea of the airport analogy is not mine, but is a good one. Yes I wrote about it in my guides collection because is good to be used to teach noobs with it.
I wrote also another analogy with the glass of water here: #552822
How could you explain to the guys that Lightning is Bitcoin and Liquid is not?
Here
#791278
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