The amount of people using custodial lightning wallets is terrifying. People here on nostr are so obsessed with their zapping events, but for most participants there's hardly any difference to using paypal, venmo, instant sepa, etc.
Bitcoin became a pop-culture.
I consider myself 'technically verse' and server setups is not a big deal for me. But when I looked into the topic of channel-management, rebalancing, etc. I realised that self-hosting Lightning is 'complicated'. So I won't run my own lightning node.
I understand the appeal of sending value in milliseconds by zapping. But with all these custodian customers, it's nothing more than the next commercial banking and no true p2p.
I hope to see more choice in BTC-scaling in the future.
Kleptocracy is to blame. It's not only us (unwillingly) having to support dozens of people we'll never meet in real life, it's the government who shamelessly steals from us. We need to become ungovernable.
Notes by tpaine | export