this post was submitted on 24 Jul 2024
208 points (87.7% liked)
Technology
59589 readers
2946 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Based on most business readings, the idea that most transactions occur on lightning is kind of ridiculous. You see tons of businesses that accept both main chain and lightning published statistics every single month and lightning is extremely low adoption and is not increasing.
In the last two months, Nostr users alone (decentralized twitter clone like Mastodon) sent each other 2.6 million tips (individual transactions) over Bitcoin lightning. In that same time period, Bitcoin main chain did around 20-40k. Most transactions are on lightning by number of transactions. Maybe not by total value moved, but lightning is pretty opaque and grants additional privacy, so it's hard to measure for that reason.
Lightning continues to grow and get upgrades (look up BOLT12 if you are curious about the latest upgrades which bring additional privacy enhancements).
Sure, but have a look at people actually using bitcoin or lightning to actually spend money on real goods and services such as at coin cards or cake pay or other services such as that and you will find that very very few people use lightning. Also, I am on Nostr promoting Monero. It is currently a Bitcoin safe haven but is slowly yielding to market forces as everywhere else is.