TOP bitcoin story of the day? You wouldn't know by following "crypto" industry media
150 sats \ 6 comments \ @cointastical 1 Apr 2022 bitcoin
What was the biggest bitcoin news today?
Kraken Integrates Lightning Network Deposits & Withdrawals #17200 https://bitcoinmagazine.com/business/kraken-exchange-integrates-bitcoins-lightning-network
This is the first major exchange to add full support for bitcoin on Lightning network ⚡. (Bitfinex does have full LN support but doesn't operate in the U.S., and BitSTAMP's LN support is limited to users of a third-party wallet).
Kraken is a huge bitcoin on/off-ramp for individuals and businesses already, and Kraken adding LN support not just helps to expand their reach further globally, the Lightning network just grew it's reach today significantly as well. The network effect keeps adding value to bitcoin as it proceeds closer and closer to reaching mass adoption.
So, .... let's see what coverage this big story got from the "crypto" Industry Media:
  • CoinDesk: [crickets]
  • The Block: [crickets]
  • Bloomberg Crypto: [crickets]
  • Decrypt: [crickets]
(and, if you want to consider these other (sketch) sources as well):
  • CoinTelegraph: [crickets]
  • News.Bitcoin.com: [crickets]
  • Forbes Crypto: [crickets]
CoinDesk cared more about Vitalik's blog post, "crypto" for Ukraine, ETH's rally exceeding BTC's for March, Brazil's digital identity project, etc. CoinDesk is not onboard with Plan B, obviously.
The Block cared more about Binance's web3 partnership with the Grammy's and some DeFi exploit than they cared about anything bitcoin-related. What a waste of talent!
Bloomberg Crypto? Exchange and DeFi hacks. What a time to be alive!!!
Decrypt? Today was all about the Chiliz Chain 2.0. 'Nuff said.
In addition to Bitcoin Magazine, there were a couple other bitcoin news sources that did cover this obviously important news:
Maybe, just maybe, the "crypto" media didn't cover this development because Kraken gave Bitcoin Magazine an exclusive, and thus wouldn't confirm or answer any media inquiries from any other organizations.
Or maybe, our "crypto" Industry media is, for the most part, absolute anti-bitcoin garbage.
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53 sats \ 1 reply \ @south_korea_ln 1 Apr 2022
Tried it out.
0 sats transaction fee from my node to theirs (2 hops) on a 1000 sat (minimum amount one can deposit) and a 10000 sat invoice. Tried from my Zebedee wallet first, but failed for some undefined reason (liquidity issue? zebedee policy? can't say at this point).
1000 sats (~0.5 dollar) transaction fee to withdraw 10000 sats (minimum amount one can withdraw) from Kraken to my node again. I think this fee is fixed.
Max deposit is 0.1 Bitcoin.
EDIT: Withdrawal was pending, and failed just now. No useful information other than a "bad request" error.
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0 sats \ 0 replies \ @south_korea_ln 1 Apr 2022
Update: withdrawal went through to Zebedee wallet.
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20 sats \ 0 replies \ @goon_retired_acc 2 Apr 2022
-CoinDesk: [crickets] -The Block: [crickets] -Bloomberg Crypto: [crickets] -Decrypt: [crickets]<
They're all awful sources for anything.
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13 sats \ 0 replies \ @ideasourcing 1 Apr 2022
the twitter account @crypto is literally Bloomberg, the stocktrading giant, whoever follows them is estupido
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10 sats \ 0 replies \ @TheBTCManual 1 Apr 2022
Lol why would exchanges and crypto pubs want to promote something that makes them less money keeping quiet and letting people shitcoin is their business model
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1 sat \ 0 replies \ @cointastical OP 1 Apr 2022
The list of exchanges with support for Lightning network ⚡ is growing! Here's an earlier post on SN that shares a link to a list:
Exchanges with support for Lightning Network #8122 https://github.com/cointastical/Exchanges-With-LN/blob/main/README.md
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