zax_cloud on Nostr: It is insufficient to onboard folks to LN by simply getting them to install a mobile ...
It is insufficient to onboard folks to LN by simply getting them to install a mobile wallet and holding sats. They are just staking a claim over some other providers liquid state. The more mobile and custodial users the more centralized the network becomes.
We need more wallet (providers) and we need more channel (self) managing wallets.
We must have new folks build channels, run nodes, build emerging clusters of liquidity and swaps. It is more complex than onchain land, where the SPV wallet is sufficient for most, but it is worth it to understand it’s advantages.
We didn’t build a decentralized monetary network for all the value to accumulate at the top exchanges.
We need more wallet (providers) and we need more channel (self) managing wallets.
We must have new folks build channels, run nodes, build emerging clusters of liquidity and swaps. It is more complex than onchain land, where the SPV wallet is sufficient for most, but it is worth it to understand it’s advantages.
We didn’t build a decentralized monetary network for all the value to accumulate at the top exchanges.