Read_791 - Rethinking Lightning

January 09, 2024 00:50:57
Read_791 - Rethinking Lightning
Bitcoin Audible
Read_791 - Rethinking Lightning

Jan 09 2024 | 00:50:57

/

Hosted By

Guy Swann

Show Notes

" 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


Guest Links


Host Links


Check out our awesome sponsors!


"There are no solutions, there are only trade-offs."

~ Thomas Sowell

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

January 18, 2022 02:10:57
Episode Cover

Read_594 - Money Messiah: Part 1 [John Vallis]

“Sacrifice is thus a critical component of value, as it is the use of one’s own limited resources, as that against which all action...

Listen

Episode

April 10, 2018 00:12:41
Episode Cover

CryptoQuikRead_046 - Privacy and Schnorr Signatures

Schnorr Signatures could result in a significant change in the Bitcoin network efficiency and the size and types of transactions, but what will it...

Listen

Episode

April 11, 2022 02:04:15
Episode Cover

Chat_68 - Keysend Maximalism & LNpay with Bootstrap Bandit

LNpay, LNURL, LNauth, streaming sats, Bolt12, the past and future of Lightning. We dig into tons of great stuff around Lightning and discuss Keysend...

Listen