Just tried the lightning network for the first time and my eyes are OPENED
Funded my lightning wallet with $10 and sent 1000 satoshis to a friend for the cost of 1 satoshi using Breez. Wallet setup was all automatic and so easy to use. I recall seeing a top voted comment critisizing LN over a year ago which I now see was complete BS. The comment I read was saying that LN can never catch on because in order to onboard you must perform an on-chain transaction and since bitcoin can only support around 7 transactions per second it would thus take decades to on-board the world population. Now that I've used LN I see that comment is full of shit. Yes, I myself had to perform an on-chain transaction, but my friend that I sent sats to never had to do such a thing. This means that one entity can potentially onboard MILLIONS of users with a SINGLE on-chain transaction. I think of the el salvador government and I assume they are doing exactly this. They will be sending every adult $30 worth of bitcoin. That's over 130 million dollars worth of bitcoin. They c...