Damus
Derek Ross · 152w
No matter what Shitcoiners say, the #Bitcoin #Lightning Network is amazing. It just works. Could things be easier? Absolutely. Channel and liquidity management is hard. No one wants to deal with that....
Leo Wandersleb profile picture
At the risk of getting blocked by all the zap-o-maniacs ...

LN is great but to celebrate zaps as circular economy that just works is pathetic. 99% are custodial with some 3 providers. 100% of zaps are easy to fake as there is no proof of payment between actually distinct entities in the zap and the "recipient" can emit receipts absent payment anyway. Still most prefer to celebrate WoS instead of taking self-custody. And when WoS "gets hacked", they will keep saying it was fun while it lasted.

It **is** fun and we might get better but at its current level it's a toy and not the pinnacle of the decentralized economy allowing us to dunk on shitcoiners with their respective pretend solutions.

And yeah, if you try to zap me, my LN node won't emit a zap event and some clients don't even give you the option to tip my lightning address. Zaps are not about "value for value" but about showing off the value you give aka "value for value for value". Maybe that's why I'm not tuning in to your Kumbaya praise of zaps, trying to harvest some for myself.
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Derek Ross · 152w
I agree that most people gravitating towards custodial solutions is bad. However, that doesn't mean that people are keeping all of their sats on these providers. Maybe once they get to 100K they send to their own node or non-custodial solution? That's what I do. I only keep an amount of sats out the...
nobody · 152w
Well said.