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This is an optimistic survey of the fits, fumbles, and false starts of non-custodial lightning over the last couple years. It enumerates a lot of the hard work that's left to do, and some of the solutions being experimented with.
Very wise.
Every Lightning wallet up to this point has taken the lightning knob and turned it to 11. Full lightning all the time, completely off-chain. The idealized experience is all lightning all the time, but I think that doesn't become necessary until we truly do see limited on-chain blockspace.
An unpleasant truth seems to be that not that many people want to use btc right now, for a definition of "use" that includes "regularly move UTXOs between people". The lack of this felt demand is why the whole inscriptions thing was even possible; and even that has largely petered out.
A whole host of developments will unfold once there is honest-to-god felt demand for them to exist, and not until then. It's impressive to me that lightning is as far as it is, given that constraint.
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201 sats \ 0 replies \ @DarthCoin 8h
I really like the hosted channels model.
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61 sats \ 1 reply \ @grayruby 9h
Are you optimistic about the future?
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114 sats \ 0 replies \ @k00b OP 8h
Yes. It's hard to use because it's doing something incredibly difficult which we're all going to keep working on because p2p digital cash is incredibly desirable. Lightning is a classic case of overestimating what we will accomplish in one year and underestimating what we will in ten years.
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Good read
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0 sats \ 1 reply \ @fishious 5h
Is this a new blog? I really like his thoughts and perspective in this post, so looking forward to more in the future.
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0 sats \ 0 replies \ @k00b OP 5h
appears to be
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0 sats \ 0 replies \ @nym 6h
Great article.
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