pull down to refresh
57 sats \ 4 replies \ @2minutebitcoin 3 Sep \ on: Shutting down my routing node lightning
Unfortunately it doesn't seem like Lightning is taking off... at all.
Lightning Network nodes, channels and number of BTC have all been steadily going down since peaking around 2022.
Check https://1ml.com/statistics under web archive for yourself.
Wrong. You are looking only into public nodes. You forgot about private ones that you do not see them.
Learn more before saying stupid things.
reply
nodes, channels and number of BTC
Are these a good metrics? Can be explained by underutilized/unprofitable nodes like mine shutting down.
Not sure what would be a better metric since the actual flows are hidden. Mobile wallet downloads maybe?
reply
MoE use of Bitcoin is hugely obstructed.
Where it is not outright banned it is hit by unreasonable tax recording and compliance requirements for it to be lawfully used.
You can only really zap and use LN as an everyday consumer (where it is technically permitted) if you are prepared to say FU to the governments tax compliance requirements and most people won't.
IMO this obstruction is not accidental - bankers and governments do not want anyone or anything intruding on their precious fiat MoE monopoly.
reply
Agree it's not accidental, but also there's so much hassle on a societal level to pay with Bitcoin. Chicken and egg problems are not easily solved.
Fiat was effective precisely because it was by decree (i.e fiat) - do this or else.
Having it come up organically will take way, way longer. And in cases where you don't want to use fiat, the uneducated people there are happy to simply cash USD.
reply