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31 sats \ 3 replies \ @kr 25 May 2022 \ on: I'm Jestopher, Co-Founder of Amboss.Space, AMA! bitcoin
how many lightning liquidity marketplaces will be around in 10 years?
do you think it is a winner-take-all market?
This is a really tough question. Our thinking is that this is user experience driven and by making liquidity as easy as possible to access (and access quickly) will be the biggest driver of marketshare. We also want to have the depth of liquidity and that's stemming from being interoperable across implementations.
There's a few things that we're optimizing for with Magma: Speed, User Experience, and Reliability. It may not the cheapest place to get liquidity or the most on-chain efficient, so users that want to optimize for those qualities will likely choose other options. But lightning network operator time is precious and probably the dominant cost of running a routing node.
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Appreciate the thoughtful response!
What was the biggest lesson you've learned so far since Magma's launch?
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I've learned a lot!!
Probably the biggest one is that the "inbound liquidity problem" isn't actually about liquidity being scarce. It's about how the network is communicating.
If liquidity was scarce, we'd see the yields from routing nodes explode higher. Instead, anyone that wants to get some inbound liquidity can quickly find someone that's selling it and buy a channel from them. With the network being so decentralized, the biggest needs are actually in coordination and communication.
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