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0 sats \ 1 reply \ @ealvar39 24 Mar \ parent \ on: "Lightning self custody works for 100 million users" "But it needs 10 billion!!" bitcoin
I'm not so sure that there is no basis for scaling improvements to the bitcoin network. even if existing lightning could scale to meet the needs of everyone that wants to use it, whether these are huge fedimints or some other type of e-cash mint or something, improving lightning could be a huge boost for the businesses and people that are running the lightning payment gateways.
Overall I think it makes sense to have some people looking forward and planning for what bitcoin may look like 5 years from now.
I've been researching and discussing this a lot recently. I think the main fear is from recursive covenant op code proposals like OP_CAT.
The argument against non-recursive covenants like CTV & CSFS seems to be more centered on whether this is actually even necessary right now given low network demand.
Hey one interesting thing i learned on the stephan livera podcast. ark developers actually consist of 2 camps, one optimizing for bitcoin payments (currently on bitcoin signet) and one camp optimizing for building application layers (currently on liquid).
I'm raising this because this comment doesn't seem to take into account that there is an Ark implementation very focused on improving bitcoin payment UX.
The episode is here and I think it may be a good listen to understand a little better what is currently going on with the Ark Protocol:
https://stephanlivera.com/episode/645/
Super interesting article. I know I am reading this through a filter but doesn't this seem like a great reason to NOT do any type of covenants? All these machinations seem like they could use covenants as a perfect weapon to make the big brother dream a reality.
@random_ that LN address isn't working for me. Do you have any others or want to send an on-chain address? Lmk i appreciate your testing.
Done! Thanks again for testing I appreciate it. I'm going to fix this up and then you can try again in a couple of weeks : )
FYI Folks I think this one is closed! I'll see if we close this out thru the SN UI or I just send them btc direct. But anyone reading this consider it closed please!
hey i think you and @Scroogey got this! I wish you all had taken longer : \
trying to lock this thing down has been a really frustrating experience but ah well. I'm learning.
I'm not sure who got this first or better. If you all want to pass me a btc address or LN address I will for sure send you both sats.
Nice work you all. I will fix the ^%$# thing and then you can try again
haha ok! if anyone hacks it i can pay the bounty to any lightning wallet or on-chain wallet, it doesn't have to be thru SN : )
The quiz is just for fun. it's a demo of a wordpress plugin anyone can use to make their own quizzes and surveys.
but i'm glad you thought it was easy! thanks for commenting
hey i appreciate this and everything you all are doing. i think custodial lightning has a place and you all are excellent at it. you make testing my lightning apps and lots of other experiments fun again. keep at dudes and don't let the haters get you down. you have fans too!
We tried to keep the guide a maneagable size. I appreciate your concern, but LightSpark is working on some new stuff that seems to definitely have a place in enterprise integrations.
Since the post (and our site) has a business focus, I think LightSpark is appropriate to be on the list.