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468 sats \ 1 reply \ @ln_cortado OP 14 Oct 2022
Posted August 2022. Some key things I caught from it:
- the $40B global remittance market averages 6.4% per cross-border transaction
- Lightning saw 400% YoY increase in Q1 22, at an estimated $20-$30M in monthly payments (public capacity)
- Number of Bitcoins on the network is at an ATH - 4500BTC
- this cool image
- LND has 70% of node market share as of 2020
- 26 exchanges support Lightning (Kraken, Bitfinex, Bitstamp) with Robinhood announcing an integration and Paxful too
- David Markus (previous head of Facebook's Libra/Diem project) founded and raised a Series A for a new Lightning infra company Lightspark
- Lightning Labs raised $70M for a series B; OpenNode raised a series A
- With just $100M locked in, it pales in comparison with Ethereum's billion dollar L2s. But Coinbase admits that lightning activity is more indicative of real world utility when compared to the speculative activity driving growth on these smart contract platforms
- Hurdles: lack of developer tooling, demand for payment use cases, regulation; Lightning is still cumbersome for new users and merchants
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273 sats \ 0 replies \ @JimFoxG23 14 Oct 2022 freebie
I think Lightning is a disrupter in more ways than just payments. Obviously, payments are huge however here are some of my thoughts on subjects https://medium.com/coinmonks/nfts-are-nifty-but-a-bitcoin-nft-is-a-game-changer-8dd62eb1b4d
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273 sats \ 0 replies \ @cryptocoin 14 Oct 2022
See also an earlier post which shared a Tweet from an author of the blog post:
A new Coinbase post highlighting all of the growth on the Lightning Network
#57268
https://twitter.com/Cdempsey44/status/1557370197010423809 [Nitter]
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45 sats \ 0 replies \ @DarthCoin 14 Oct 2022
https://darthcoin.substack.com/p/bitcoin-lightning-irl-examples
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5 sats \ 3 replies \ @nerd2ninja 14 Oct 2022
Coinbase doesn't have lightning withdraws and I'd rather buy my Bitcoin from Cash App anyway
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25 sats \ 2 replies \ @ln_cortado OP 14 Oct 2022
I prefer Kraken as they at least have proof of reserves
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111 sats \ 0 replies \ @petertodd 14 Oct 2022 freebie
I prefer Bull Bitcoin, as they don't need to provide proof of reserves. :)
(though I use both)
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10 sats \ 0 replies \ @nerd2ninja 14 Oct 2022
I lightning withdraw as soon as I buy. My private key is my proof of reserves
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0 sats \ 2 replies \ @bitcointerest 14 Oct 2022
I wonder if they planning on running their own lightning nodes.
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120 sats \ 1 reply \ @DarthCoin 14 Oct 2022
never.
Conbase is the enemy of Bitcoin.
See their stance on block wars.
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1 sat \ 0 replies \ @nerd2ninja 14 Oct 2022
https://archive.ph/9aRW6
Coinbase missed the fact that miners are paid security. Who are they paid by? Full nodes, aka users who can accept or reject the work of miners based on the rules they run on their full nodes.
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