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33 sats \ 3 replies \ @BTCMiner 7 Apr 2022
"Lightning Network Bitcoin transfers reduce the carbon footprint of the transaction as bitcoin miners are not needed to validate."
Sigh ...
The narrative from central bankers, nocoiners, shitcoiners, environmentalists, et. al is pervasive (and wrong)
Bitcoin ‘Energy Per Transaction’ Is A Misleading Metric
#8971
https://bitcoinmagazine.com/business/bitcoin-energy-per-transaction-metric-is-misleading
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20 sats \ 0 replies \ @0xtr 7 Apr 2022
I facepalmed so hard when I saw that
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11 sats \ 1 reply \ @cliftonbride 8 Apr 2022
I know it’s bullshit but at this point it’s kinda what we need. The mainstream is not going to be able to understand the nuances of PoW & miner incentives so it’s probably for the best to just make blanket statements like, “lightning offsets bitcoins energy footprint” fuck em.
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1 sat \ 0 replies \ @BTCMiner 9 Apr 2022
Then the words to use are:
Lightning network is a technology that permits bitcoin to scale. This enables us to have most deposits and withdrawals occur promptly and at nearly no cost.
That's all that's needed from a Robin Hood / exchange to say about it.
If someone says "What about ... mining" or whatever, well then you go into further details.
Robin Hood was trying to score points, and whomever wrote and whomever approved that blog post, well they were uninformed about that which they were writing and publishing.
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1 sat \ 0 replies \ @Undergotten 7 Apr 2022
This was good news, and also a bit painful to watch as she announced it. People are so (rightfully) mistrusting of Robinhood that you could hear the tension in the air. I'm in favor of anything that increases adoption, but Robinhood has a pretty bad track record of doing some dirty deeds, famously with the whole AMC/Gamestop debacle.
They said "Control your Bitcoin" in the ad, but I'd have to see it to believe it.
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1 sat \ 3 replies \ @cryptocoin 7 Apr 2022
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2 sats \ 2 replies \ @cryptocoin 7 Apr 2022
Article from CoinDesk on this:
Robinhood Releases Crypto Wallet to 2M Users, Plans Integration With Bitcoin Lightning Network
https://www.coindesk.com/business/2022/04/07/robinhood-releases-crypto-wallet-to-2m-users-plans-integration-with-bitcoin-lightning-network
https://archive.ph/NRB8k <-- An archive, which can be easier to read.
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1 sat \ 1 reply \ @cryptocoin 7 Apr 2022
And an article from The Block on this:
Robinhood widens user access for crypto wallet transfers, unveils plan to support Lightning payments for bitcoin
https://www.theblockcrypto.com/post/141008/robinhood-widens-user-access-for-crypto-wallet-transfers-unveils-plan-to-support-lightning-payments-for-bitcoin
https://archive.ph/BlFZ0 <-- An archive, which can be easier to read.
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0 sats \ 0 replies \ @cryptocoin 7 Apr 2022
Companies announce future LN support all the time.
Companies delivering LN support, ..., in a timely fashion, we'll see.
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