Oddbean new post about | logout
 This is one of the places that price does sort of matter, as Lightning is constrained by liquidity based on how much actual BTC is available. Same BTC worth more dollars = more dollar based value that can be transferred via Lightning. 
 Under the hood, the transactions are facilitated by Cashu tokens which are fundamentally a credit instrument. If the payments happen to be cleared by the same mint, nothing actually touches Lightning.