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0 sats \ 5 replies \ @028559d218 OP 2 Dec \ parent \ on: How Bitcoin Scales w/o Forks: the Lightning, Liquid, On-Chain Triangle bitcoin
I love lightning, I use it every day. Lightning is nothing short of amazing. However I can't find a single person, not one in the 'general population' how knows what it is, or has even heard of it.
Like I said Lightning is great however in order to onboard as many people as possible, non-custodially to it we need scaling solutions. Liquid is a temporary medium for managing liquidity, and running BTCPay server, accepting Lightning without having a lightning node actually set up.
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33 sats \ 4 replies \ @DarthCoin 2 Dec
accepting Lightning without having a lightning node actually set up.
That's totally bullshit. Any other swap to liquid or other bullshit REQUIRE Lightning liquidity. And if you do not run it for yourself, then is custodial bullshit.
Please try to use Liquid without LN. Is totally useless.
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0 sats \ 3 replies \ @028559d218 OP 2 Dec
That's not true though? The user sends Lightning to a QR Code (like on BTCPay) and the org running the BTCPay receives Liquid.
Once enough 'liquid gets stacked' to open a lightning node, one is opened automatically. That way any person, any organization can accept lightning without having a lightning node first until they get enough sats.
I have tried it, and used the Boltz exchange many times and it works well. What am I missing?
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0 sats \ 2 replies \ @DarthCoin 2 Dec
What am I missing?
You are missing the point. Liquid is just a crap failed useless project. Do not try to reinvent the wheel now.
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0 sats \ 1 reply \ @028559d218 OP 2 Dec
From https://river.com/learn/how-many-people-use-bitcoin/
"At approximately 32.9 million active entities, this would mean the average non-exchange, non-miner entity owns 0.46 BTC, or around $12,420. The median is significantly less, at 1.34 addresses per user and the median address holding roughly 0.005 BTC, the median entity would have roughly 0.0067 BTC, or around $180.90."
180.90 as a 'median' (if these figures are to be believed). That's... 189k Sats give or take per person at median. That's probably on the 'low end' of what's required to open a Lightning Channel?
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33 sats \ 0 replies \ @DarthCoin 2 Dec
meaningless stats that doesn't prove liquid is required. Also is missing an important piece: private LN channels. Nobody knows how many there are and how much liquidity is in those private channels. Onchain stats are meaningless in bitcoin usage. Onchain addresses are used EXCLUSIVELY for opening/closing LN channels.
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