Same!

Some people overlook the fact that the Lightning Network is a far superior and faster solution than any L2 built on another inefficient blockchain. Furthermore, eCash is 10 times better than any crypto L2 but requires the same level of trust and has the same centralization problems– at least for now.

They just won't admit that blockchains don't scale.

Take a look at lightning pub and their solution for this.

Imagine a small Bitcoin community where every business has its own LN node, covering the entire supply chain from producers to consumers. In that world, traditional payment terms like net 15 or net 20 may become obsolete. Because the instant settlement nature of Bitcoin, enables immediate transactions.

The concept of “debt” changes significantly. Producers receive immediate payment when a business buys goods from them. Similarly, businesses get instant settlement from buyers. Paychecks can also be settled instantly, eliminating the need for employers to owe employees money for weeks or even a month.

A short payment term is also possible. For instance, a producer can have a smart contract with a business, receiving instant payment for every product sold. Part of the payment goes directly to the producer, part to the employee, part to business expenses, and the rest to the employer’s wallet.

In a Bitcoin world, you’re unlikely to receive a traditional paycheck once or twice a month. Instead, you’ll probably be "streamed" money daily or hourly. To save on fees, this could be done through a shared node or ecash. If you don't care about fees, directly to your own Bolt12 address.

Using nostr as a 3rd layer is not just for connecting apps, just check on lightning.pub, they implemented a bolt12 like feature without using the native bolt12 implementation but using nostr relays to act as a middleman to deal with it, very interesting combination of technologies.

I keep telling my Bitcoin friends this, but they’re too focused on the price and getting rich quickly. They are waiting for a magical day when mass adoption will happen and then they will start using Bitcoin. Currently they just view it as a high ROI investment. That is like putting tires on a spaceship and calling it a car. However, I constantly remind them that we’ve had the option to use Bitcoin for years now to be sovereign and not to depend on anyone.

I was thinking to test between, Alby Hub (LND), Phoenixd and Lightning.Pub + Shockwallet, just started testing Pub and looks very promissing but most of the node running is abstracted.

You are right, the 1% fee is a small price to pay compared to the hassle. Running a routing node and a phoenixd node in parallel is a great idea, also to get some exp. Thanks for sharing your insight.

Ok, I meant the 1% from Acinq for example.

Can someone explain, If I would run a alby hub for a business as a client, what would be the best funding source that has automated channel management and lowest fees, lets say between phoenixd, breez and greenlight?

I have experienced firsthand that the croatian politicians (morons) made a poor decision by switching to the euro, right after the covid pandemic when inflation started to rise. What’s more, prices here are double or even higher compared to countries like Italy, France, and Germany. But I just stack, work to increase my earnings every year and feel bad for the normies.

I’m not convinced the digital euro will become a reality. Many people are opposed to it, and even some politicians don’t want it. If it’s forced upon everyone, I still don’t think people will use it. This isn’t because people understand the nuances, but rather because old habits are hard to break. A similar thing has been observed in China and Africa. There is a big difference between using something a few times and fully adopting it.

So true, after you choose to switch from being a private person to a public person, with a public company you are forced to play by the government rules and being a good dog and obey your master.

I’d appreciate a step-by-step guide on deploying lightning.pub on a VPS or a hosting service like Railway. I previously watched your Debian deployment guide with systemd, but it lacked clarity. Also explaining how to connect the funding source would be nice.

I completely agree. I tried, but I could never accept his ‘never spend your bitcoin’ thesis.

The EU is just doing the same as it has always done, hampering inovation to preserve the status quo, but they are oblivious to the fact that a ethernet cable is tightening its grip on their throats.

Everyone is so focused on the FED but in reality they are just reacting to the market, the FED is just a psyop, and not controlling anything!

Just use Strike, much better, easier and with all the new features unlike the big exchanges.