When you put a bitcoin business and you want to pay/receive payments nominated in sats, most of these projects will fail because most bitcoiners don't have any bitcoin ready to spend. Now, how do I know this? Because these sats are offline or in a hardware wallet with extra security, spend these sats instantly is almost imposible because is not easy to access the money.
So, where is all this money ready to spend? Here comes the magic of Lightning Network, which puts you in a position where all you have to do is aim to a QR code or send a lnbc1.. invoice, pay some sats (2-3 sats) and you're done. This is money ready to spend, cachai?1
Imagine you put on-chain processing, where all the money come from? non-custodial wallets? I think the money routing the bitcoin products development gives you an idea: the money comes directly from custodial wallets and that's because exchanges, custodial services et al need you to spend your bitcoin.
How all these is related to Stacker and the success? Stacker News is a no-brainer onboarding where you sign an ID, charge 500 sats2 and in order to give likes, pay. In order to reply, pay. In order to thumbs up, pay. Downvote, pay. See what I mean? I think the success and the ability of @k00b et al is to build something that has the real benefit: Pay for the content is stupidly easy.
Imagine happening this in 2014 at Bitcointalk, I see almost impossible because on-chain payments doesn't incentivize -at my criteria- to spend your money and that's OK, incentivize the long-time preference (LTP). But other way to see the LTP is to pay for good content with Lightning Network.
Now, does it mean that I fully and blindly support LN? No ser
I support the system made by SN where you put me easy to read and pay. I don't want anything related to broken advertising system and if you give me cash nuts instead of sats in order to keep this system...man, I'll take it.
Do you have something for tip?
The secret sauce: money ready to spend
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