dikaios1517 on Nostr: In the previous cycle, adoption was on-chain first, and maybe play with lightning ...
In the previous cycle, adoption was on-chain first, and maybe play with lightning later. In the cycle before that, lightning was barely being born.
This cycle, folks are getting their exposure to Bitcoin via lightning first, and maybe on-chain later, when they start building up a balance. Therefore, there isn't much on-chain demand, and all the ordinals nonsense has died down quite a bit, so even that isn't driving chain usage.
Published at
2025-01-30 01:21:04Event JSON
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"content": "In the previous cycle, adoption was on-chain first, and maybe play with lightning later. In the cycle before that, lightning was barely being born.\n\nThis cycle, folks are getting their exposure to Bitcoin via lightning first, and maybe on-chain later, when they start building up a balance. Therefore, there isn't much on-chain demand, and all the ordinals nonsense has died down quite a bit, so even that isn't driving chain usage.",
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