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1131 sats \ 3 replies \ @romain_rouphael OP 13 Apr 2022 \ parent \ on: I'm Romain Rouphael, Co-Founder of LN Markets AMA bitcoin
- Good question! I have several contentious opinions, not sure all Bitcoiners would disagree with them though.. For example:
- self custody is really hard and most people don't want to manage this burden and prefer to take a custody risk instead
- such current low fees on Bitcoin can pose issues in the future
- I agree with René that Lightning needs to be more reliable before thinking of bringing it to billions
- people seem to like NFTs, and after all, bitcoins are the original NFTs.. why not push more NFTs on Bitcoin, like on Counterparty?
- We would love to have channel factories, it would certainly make our node management much easier. Also, stablecoins and tokens on Lightning would be great to offer new products.
- Woh thanks, I write it, much appreciated! In our team, Fanis is also a contributor with excellent technical topics. In aggregate I would say around 1 day per week. There's so many things going on in the Lightning ecosystem and on Bitcoin twitter that the trouble is often to make it sufficiently short to not be cut by gmail.. I also like to do interviews of Bitcoiners, and hope to do more. It's not easy to get them, but I find them very valuable. For example, I found Lyn Alden's interview excellent. She's great to have taken the time to answer our questions
Thanks for your answers!
Can you describe the typical user of lnmarkets? I don't understand most financial things or who uses them, what motivates people to use them, etc.
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We have users from more than 120 countries, awesome to see the power of Lightning in that respect..
Initially our users were mostly here for the tech, because it the first platform to leverage Lightning for payments, so there was a lot of curiosity as to how this would work I guess. Actually even nowadays, people still find out about us and like the instant login / trading experience..
Month after month, we have more and more serious traders, used to trading on FTX, Bitmex or others, that joined the platform because the fact to trade straight from your wallet, and keep custody of your funds when you don't have a position running is important.
Finally, we have more and more people who find out about Lightning just because they heard about LNM and want to try it, which is the best reward we can get..
We love our users, because they use our products of course ;), but mostly because they share plenty of ideas, push us to build a lot of new stuff, and are patient with us when there's a technical issue, for example when depositing takes time due to pathfinding issues..
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Thanks!
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