Damus

Recent Notes

nostrich · 49w
We already see the fungibility problems right and left. BTC will never be a MoE. Maxis got their SoV at the cost of never becoming MoE. Use Monero if you need a good MoE.
jb55 · 79w
1000% agreed
El Flaco · 79w
Can't have episodes without prologue
⚡️ᗪㄖ匚⚡️ · 156w
I’m seeing lots of notes about how the average pleb can’t, or won’t set up their own non-custodial lightning node. I’m calling BS. I’m an average pleb without a technical background. I ...
₿eno⚡️ profile picture
These early Plebs and Maxis (like you and I) will definitely enjoy the benefits and ease-of-mind from non-custodial LN. However, in a hyperbitcoinized scenario, the majority of people will never have non-custodial L2 (L1 or saving is different IMO), and that's okay. Moreover, because there's currently no way to have non-custodial LN without opening channels (I hope this changes), LN as a payment solution can only scale with custodial solutions. I like Nik Bhatia's idea of LN banks and I think that's where it's headed. Now, don't get me wrong, I'm all for non-custodial L2 solutions and would support any efforts to make this happen, it's simply not the current case for scaling in billions of people. My 2 sats.
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