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103 sats \ 2 replies \ @cryptocoin 5 Jun 2022 \ on: Why More People Need To Start Spending Bitcoin bitcoin
In this article, we explore the barriers that keep people from spending bitcoin, and review the rapidly changing landscape of bitcoin spending.
This article did give pretty good coverage to the various challenges and opportunities.
Support for the Lightning Network is now built into almost all bitcoin wallets and even some exchanges.
The exchanges adding Lightning support (for withdrawal) is crucial. Other than Kraken, almost none of the larger exchanges supports LN withdrawals. They do so because "customers just buying bitcoin doesn't pay the bills", and they want you to convert to get in the trading of shitcoins. Making it expensive or difficulty to withdraw your bitcoin (on-chain) means you are more likely to convert to shitcoins, either for speculation, or for a coin with a lower withdrawal fee.
But the number of exchanges with LN support keeps increasing, month-to-month.
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20 sats \ 0 replies \ @ncryppt 6 Jun 2022
Bull Bitcoin in Canada is another with LN support. I love it.
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20 sats \ 0 replies \ @iguano 6 Jun 2022
Binance do it on purpose, They still give as default legacy bitcoin addresses. When they consolidate, they throw to the mem pool, hundreds of megs of non segwit transactions.
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