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poopsmithe | 6 months ago

I'm calling it-- 5 years and this will be vaporware. We live in a world where you have to 1) compete with VISA, Mastercard and 2) compete with Bitcoin Lightning Network.

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OsrsNeedsf2P|6 months ago

I was an early adopter of the Bitcoin Lightning Network. If my memory serves correctly, I made one (real) payment with it. That was almost 10 years ago now, and I haven't even seen the chance to use it since.

littlecranky67|6 months ago

Mostly because it is still innovated upon. Async payments (offline receival) and trampoline payments are in the pipeline, allowing true self-custodial wallets on the smartphone.

That aside, I only use lightning with my Bitcoin-friends to settle stuff for fun. I live in a city of 300k people, and there are 3 restaurants that accept Lightning payments. Right now it is in its infancy, but I see Lightning as the only solution to actually enable web micro-payments (which failed as a standard because no credit card can provide .10 to .20 cent payments due to high fees)

sokoloff|6 months ago

I would bet more transactions are done in exchange for literal home-grown vegetables this month than over Bitcoin Lightning Network, yet no one claims a payment method needs to compete with bartered vegetables.

OutOfHere|6 months ago

It helps to get clued into what happened with stablecoin legalization and interest this year. Without this awareness one risks looking very foolish.

godelski|6 months ago

Considering they are closing shop, I don't think you need to wait 5 years. Did you even read the article? They say it in the opening of the second paragraph...