I really appreciate the more fine-grained control you have over how your posts render on #nostr ... for example I can throw a bunch of hashtags at the bottom to help discover ability and keep the more interesting content at the top of the post.
Every bull market strains scalability problems at both the protocol level and at the business level.
We've stayed hyper focused on payment operations using Lightning Network @Amboss as these will be essential tools for business growth amidst rampant adoption of better money.
"i’m sorry that your warrantless surveillance regime was built on the assumption that people would always need intermediaries to transact" - Neeraj K Agrawal
Some good lightning news:
Lightning channels are growing, on average, but decreasing in number.
1. This is an indicator of greater investment in select connections while pruning less advantageous ones.
2. This enables larger payments.
As the BTC price increases, the max payment size is amplified.
I think a Cashu or Fedi-type system with a stablecoin is probably the best scenario.
With that system, even if KYC was performed on the members, they would have transaction-level privacy.
Even in the absence of a government, the LN will still be self-governing.
Peer selection will be based on the outcomes of P2P due diligence, either for operational concerns or affinity/enmity.
Don't get too hung up on applying laws today when you'll apply your own tomorrow.
I'm so proud of the team at @Amboss for their tireless work to help lightning companies navigate regulatory purgatory.
After countless interviews, we found that regulation was one of the biggest pain points for lightning companies and startups, but rarely discussed publicly.
Business pain points are very different than the predominant anti-gov bitcoiner views, but are no less important to contribute to a robust and thriving Bitcoin ecosystem, both regulated and unregulated approaches are essential.
Here's our re-recorded announcement that we delivered to builders at @btcplusplus in Argentina:
https://youtu.be/vflMYMXfnIY?feature=shared
Sign ups for the Reflex beta are now live at rpo.dev
https://rpo.dev
Feel free to reach out with any questions.
Lightning just isn't easily put into terms that people readily understand. Most people don't understand money and even fewer understand payments.
The reality is that VISA charges >3% for settlement that takes over 2 weeks, while Lightning currently costs 0.67% for instant settlement after accounting for liquidity costs.
If you're not comfortable holding BTC, add an exchange fee of 2%.
Wtf??
Lightning has changed a ton, both on the protocol level and the network structure!
Anchor channels, Dual funding, splicing, adoption, prisms, lightning address
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