21 sats \ 2 replies \ @cryotosensei 14 Jun \ on: I'm Max Webster, founder of Hivemind Ventures, a Lightning Network seed fund - AMA! bitcoin
Reading this in 2024. Has the LN lived up to your expectations?
I was asked a similar question a few days ago and answered here #569305
Here's a copy/paste of the most relevant parts so it's easier to read :)
- I'm still super bullish on LN though growth has been a bit slower than I imagined. I now see it increasingly as the glue between many different BTC neobanks (e.g. Cash App)& mints. I'm particularly bullish on ecash mints (Cashu and Fedimints) connected via the Lightning Network. @rodarmor was the first person to turn me onto this idea. Note I still do hold hope for non-custoidal LN scaling to the masses at some point
- I'm particularly bullish on Nostr Wallet Connect (NWC) as the messaging layer for LN payments. I should have a new post on this soon
- An area I've changed my mind on is how LN will interop with identity/data. Originally, I thought an LN pubkey would be universal identity for the Internet. And that BTC would grow in layers: BTC > LN > data. Similar to what @dhruv & @ryanthegentry discussed at the BTC Conference in 2021. I now think that Nostr will provide the pubkey identity and that the data will be transferred via Nostr with attached LN payments. Or as Dhruv explains nicely, I'm now more bullish on putting the payment inside the data rather than the data inside the payment.
Although in the long run, who knows?Longer piece necessary, but TL;DR, I'm now bullish on a stack where:
- Bitcoin is value
- LN (+ ecash) is payments
- Nostr is identity + data
Here's more on why I'm so bullish on Nostr as the identity/data layer: https://hivemind.vc/identity/
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Thanks for giving us a big picture perspective of not just LN developments, but also how they fit into the context of the BTC ecosystem!
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