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0 sats \ 6 replies \ @sn OP 13 Oct 2023 \ on: Stacker News Roundtable #2 - LSPs bitcoin

What impact will widespread adoption of the LSP spec have on the Lightning ecosystem? Are there any interesting second-order effects?

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376 sats \ 0 replies \ @gkrizek 13 Oct 2023

The obvious benefit to the spec is easier integrations for wallet or system builders into LSPs. Of course it will be positive when it becomes completely integrated across the ecosystem. Second-order effects could likely be more participation from new players in providing liquidity. More LSPs, more liquidity, etc.

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335 sats \ 1 reply \ @SachinMeier 13 Oct 2023

I view LSPs as infrastructure for the Lightning Network. I'm not convinced LSPs themselves will attract more people to use LN, but when people are ready, LSPs will make scaling and onboarding way smoother.

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1 sat \ 0 replies \ @DarthCoin 13 Oct 2023

I like this point of view.

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238 sats \ 1 reply \ @roy 13 Oct 2023

LSP > ease of use > non-custodial adoption.

We see that already with Mutiny, Zeus and others implementing LSPs.

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0 sats \ 0 replies \ @gkrizek 13 Oct 2023

Yeah good call out, LSP Spec is a giant win for self custody services.

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184 sats \ 0 replies \ @SeverinAlexB 13 Oct 2023
  • Switch easily between LSPs. Privacy++.
  • Creates a competitive market. Better service.
  • Everybody can participate.

You might enjoy my recent LSPSpec talk
https://www.youtube.com/watch?v=coJzL_2sL9M

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