repletesumo on Nostr: Thoughts on WoS pulling their app in the US: 1. Short-term : It will be a forcing ...
Thoughts on WoS pulling their app in the US:
1. Short-term : It will be a forcing function driving users towards non custodial lightning wallets, and therefore getting them used to (a)managing their own keys & (b)paying on-chain fees for channel creations/closes.
2. Medium/Long term: It will push devs to innovate on L1/L2 to lower the cost of on-chain channel management(channel factories, shared UTXO's, Fedimints et al)
TLDR:
This is good for Bitcoin! 🫡
1. Short-term : It will be a forcing function driving users towards non custodial lightning wallets, and therefore getting them used to (a)managing their own keys & (b)paying on-chain fees for channel creations/closes.
2. Medium/Long term: It will push devs to innovate on L1/L2 to lower the cost of on-chain channel management(channel factories, shared UTXO's, Fedimints et al)
TLDR:
This is good for Bitcoin! 🫡