Lightning Network ⚡ really proved its usefulness during high fee environment. I tested and both custodial solutions like Primal, WoS and self-custody like Phoenix worked smoothly.
Obviously it was not a good time to open or close channels.
High fees provide the incentive to continue to innovate and scale. LN ⚡ can probably take us to the next billion users, but beyond that we are going to need even more scaling solutions.
For 8 billion people to use Bitcoin we are going to need a LOT more.
flix / Flix
npub1vx…q78px
2024-04-21 13:34:38
Author Public Key
npub1vxz5ja46rffch8076xcalx6zu4mqy7gwjd2vtxy3heanwy7mvd7qqq78pxPublished at
2024-04-21 13:34:38Event JSON
{
"id": "8e4b93c3703350daf4cc02e18b8125ec03ea2255f64f607e1dfcdb0fe35d0e90",
"pubkey": "61854976ba1a538b9dfed1b1df9b42e57602790e9354c59891be7b3713db637c",
"created_at": 1713699278,
"kind": 1,
"tags": [],
"content": "Lightning Network ⚡ really proved its usefulness during high fee environment. I tested and both custodial solutions like Primal, WoS and self-custody like Phoenix worked smoothly.\n\nObviously it was not a good time to open or close channels.\n\nHigh fees provide the incentive to continue to innovate and scale. LN ⚡ can probably take us to the next billion users, but beyond that we are going to need even more scaling solutions.\n\nFor 8 billion people to use Bitcoin we are going to need a LOT more.",
"sig": "17ab12f0d50bba0627618a2c9fce5c921ab06992cc4b576b00d7a7cb968bb1e668edf645bd19be59753ace9bf4ec9e5ab7ef770d960efb57372448c49b997487"
}