Next time somebody says "Nobody uses Bitcoin for anything aside from speculation", show them this graph

This shows capacity of the lightning network over time. Lightning is a L2 for Bitcoin which makes it cheaper to send transactions, you can send thousands of transactions for a couple satoshi. If people just use BTC for speculative transactions and trading, there is little reason to move their BTC onto a lightning channel as it does incur the cost of a tx fee to get it into lightning.

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Lightning network capacity over time. Orange=BTC, Blue=USD equivalent. Source: https://bitcoinvisuals.com/ln-capacity



Submitted September 24, 2023 at 07:20AM by makeasnek https://ift.tt/b6C1ndu

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