15 sats \ 2 replies \ @siggy47 28 Nov 2022 \ on: Bitcoin Lightning - a step back bitcoin
Is it your belief that the main goal of the lightning network is defi and smart contracts?
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5 sats \ 0 replies \ @ama 28 Nov 2022
Of course it isn't, but it allows for them to be developed. Have a look at RGB and Lumino Network. Actual DeFi (truly decentralised) will happen on top (2nd, 3rd, ... levels) of Bitcoin (and probably Litecoin) or it won't happen.
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0 sats \ 0 replies \ @03a4fd68fe OP 28 Nov 2022 freebie
lightning network has a chance in defi, but we will achieve in 10 years what is already on the ethereum. And the problem of custodial wallets due to the requirement to install nodes remains the main one for the masses of adoption.