BTC halving almost a year away, how will it impact Layer 2?
0 sats \ 5 comments \ @fbv000 25 Apr 2023 bitcoin
https://bitcoinblockhalf.com/
Bitcoin next halving is roughly a year out.
  • What are your thoughts on the impact besides price?
  • Do you see indirect effects on the development of the Lightning Network like increase adoption? with the block reward halving and a potential increase in transaction fees, people may be more inclined to use the Lightning Network to minimize fees and achieve faster transaction times.
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4 sats \ 1 reply \ @DarthCoin 25 Apr 2023
LN use is inevitable. Nowadays even the shitcoiners are using it.
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10 sats \ 0 replies \ @muteness11 25 Apr 2023
Mr Darth ... u will enjoy this one
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0 sats \ 0 replies \ @muteness11 25 Apr 2023
I just posted this .... it will answer all of your questions :)
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0 sats \ 1 reply \ @Privilege 25 Apr 2023
I can’t understand how halving is going to impact L2, obviously fees will, maybe halving is already priced in. For sure miner will get half of the rewards meaning less selling pressure, will see how it plays out
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4 sats \ 0 replies \ @DarthCoin 25 Apr 2023
It will impact. But in the good way. More users will start using LN, more channels will be open, more payments will be done through LN. It's the natural evolution of Bitcoin. Bitcoin as it started could not evolve. Bitcoin without LN it will just die slowly. Bitcoin onchain is not meant to be used as a payment network, but as a store of value. LN could NOT exist without Bitcoin. Is the perfect "symbiosis". Bitcoin onchain is the vault, the settlement. LN is the payment network, your spending pocket.
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