50 min
Read_791 - Rethinking Lightning Bitcoin Audible
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- Technology
" Channel liquidity and offline receives, in my opinion, are the two most obvious reasons why self-custodial lightning is not popular. When most users hear about any of these, they just think "screw that" and move to a custodial wallet because it is so much easier. If these were our only two problems, I think self-custodial lightning would be fine. It may never be the predominant way people use lightning, but we could get the UX good enough that we have a significant portion of people using lightning in a sovereign way. However, there are more problems under the surface."
~ BenTheCarmen
Is it time to reframe our image of where lightning's role lies in the Bitcoin stack? There have been problems in the implementation that make the self custodial road a far more difficult UX challenge. While much of it has been mitigated, a few intractable problems remain, and some may be an existential result of how LN enforces security on the main chain. Where will the users be in a world of a billion Bitcoin users? And can the promise of lightning ever be fulfilled?
Check out the original article at Rethinking Lightning. (Link: http://tinyurl.com/mvcmwubk)
References from the Show
Welcome to the Fedimint territory! (Link: https://stacker.news/items/380065)
Guest Links
Carman on X (Link: http://tinyurl.com/yc57hdnh)
Carman on Nostr (Link: http://tinyurl.com/3yz2kffw)
Carman Website (Link: https://benthecarman.com/)
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Check out our awesome sponsors!
Get 9% off the COLDCARD with code BITCOINAUDIBLE (Link: bitcoinaudible.com/coldcard)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
"There are no solutions, there are only trade-offs."
~ Thomas Sowell
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
" Channel liquidity and offline receives, in my opinion, are the two most obvious reasons why self-custodial lightning is not popular. When most users hear about any of these, they just think "screw that" and move to a custodial wallet because it is so much easier. If these were our only two problems, I think self-custodial lightning would be fine. It may never be the predominant way people use lightning, but we could get the UX good enough that we have a significant portion of people using lightning in a sovereign way. However, there are more problems under the surface."
~ BenTheCarmen
Is it time to reframe our image of where lightning's role lies in the Bitcoin stack? There have been problems in the implementation that make the self custodial road a far more difficult UX challenge. While much of it has been mitigated, a few intractable problems remain, and some may be an existential result of how LN enforces security on the main chain. Where will the users be in a world of a billion Bitcoin users? And can the promise of lightning ever be fulfilled?
Check out the original article at Rethinking Lightning. (Link: http://tinyurl.com/mvcmwubk)
References from the Show
Welcome to the Fedimint territory! (Link: https://stacker.news/items/380065)
Guest Links
Carman on X (Link: http://tinyurl.com/yc57hdnh)
Carman on Nostr (Link: http://tinyurl.com/3yz2kffw)
Carman Website (Link: https://benthecarman.com/)
Host Links
Guy on Nostr (Link: https://tinyurl.com/yc376bff)
Guy on X (Link: https://twitter.com/theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
Check out our awesome sponsors!
Get 9% off the COLDCARD with code BITCOINAUDIBLE (Link: bitcoinaudible.com/coldcard)
Swan: The best way to buy, learn, and earn #Bitcoin (Link: https://swanbitcoin.com)
"There are no solutions, there are only trade-offs."
~ Thomas Sowell
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
50 min