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31 sats \ 11 replies \ @028559d218 22h \ on: LNhance - A soft fork proposal for bitcoin bitcoin
I'm ignorant and I don't know.
But i'm not a fan of making more 'changes' to Bitcoin without far, far more user education.
Far more people could use Bitcoin now if we had the education and we don't... so I'm not sure how much benefit there would be to adding 'features'/forks when people don't fully use the features we already have.
Just my 2 sats.
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Bitcoin isn't 'too expensive' and lightning isn't 'too hard' to use. Neither of those things are true in my opinion.
Instead, people are stupid and lazy and/or don't know lightning even exists.
Bitcoin is such a bubble... i have heard shop merchants, employees tell me "bitcoin is scary". Their exact words and that's why they don't take it.
If Bitcoin is "scary" to them, how the hell can we expect them to understand Lightning or want to adopt it?
I ask the uber driver over and over... hey do you have lightning? They just look confused they have no idea what I'm talking about. It's not that they have decided 'not to use it'... they just don't even know it exists.
And as far as lightning's current state:
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bro having end users manage liquidity channels is the dumbest design solution possible. No normie is gonna do that. Let's look inward and try to do better, rather than blame users for suboptimal choices.
No end user should spend weeks learning the technicals of LN.
Society advances when things are abstracted away, not complicating them more than the status quo.
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I've used phoenix wallet. It wasn't hard and served its purpose.
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I believe it is inevitable.
When? I don't know noone does.
But i believe that Bitcoin usage, as a MoE through Lightning, Liquid or other layers (Ark) is inevitable.
Bitcoin is better money... and 'the market' can only ignore better money for so long.
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Imo the 2 things preventing much-larger MoE are...
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lack of education. When most people think crypto is Bitcoin and 'crypto is a scam' then they won't bother to learn that Lightning exists.
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Taxable transactions for every cup of coffee, every candy bar etc. It creates too much record-keeping for businesses who by definition have to live in the 'lit-market'. Remove those record-keeping requirements for most purchases and MoE has a much better chance to taking hold. Imo it shouldn't be taxed at all.
This is exactly what I said about Linux when I was 15 years old "It's the fault of the user! No way to fix it!" Now we have people using Android, ChromeOS and SteamOS.
Please don't conflate working around limitations with actually understanding what you are using, a LN wallet might be easy to use for you and me, but we are not representative of the users that we all want to join Bitcoin.
Also, it's widely known that Lightning doesn't scale the ownership of Bitcoin, it simply off-loads transactions of already existing users from the chain.
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If a user can interact off-chain (lightning) thousands of times without ever touching on-chain...
That is by-definition scaling. Does it scale 'infinitely'? No.
But remember right now where we're at - Bloomberg the WSJ the Financial Times and most media outlets have no idea Lightning even exists. They have never made a Bitcoin transaction or even held their own keys. Not once.
They have literally never used Bitcoin...
So they don't have really any informed opinion on it. This will take time but it will change eventually and when they do they will come to Lightning in some format.
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LMAO!
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