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

July 22, 2019 00:35:20
Episode Cover

CryptoQuikRead_272 - Statechains, Sending Keys Not Coins [Aaron Van Wirdum]

From Bitcoin Magazine, today we read Aaron's piece on the recently conceptualized "Statechains" from the mind of Ruben Somsen. An entirely different way to...

Listen

Episode

March 20, 2018 00:18:10
Episode Cover

CryptoQuikRead_028 - Congress Releases Report Praising Cryptocurrency and Blockchain Technology

The US Congress released an economic report that discussed many of the advantages and concerns with cryptocurrencies and blockchain technology. Listen to find out...

Listen

Episode

February 13, 2021 01:02:07
Episode Cover

Read_494 - Lightning Economics: Learning to Love Inbound Liquidity [Roy Sheinfeld]

"Supplying liquidity is an investment, and we need to treat it accordingly. Like lending money or buying stock, investors commit capital for a period...

Listen