chowcollection on Nostr: #[0] : You believe none of this would be possible without the Lightning Network. ...
preston (npub1s5y…6q7z) : You believe none of this would be possible without the Lightning Network. Explain what you mean by that?
jb55 (npub1xts…kk5s) [28:20]: Lightning enables very fast point-to-point transactions without dealing with the legacy financial system. So this allows for really tight integrations with incentivizing relays to stay up because it costs money to run a relay, so we’re going to need some ways to incentivize relays to run. This originally came about because I’m starting to integrate Lightning more and more into Damus: right now you can post a Lightning invoice in a post and it will just render a little cool widget so you can click Pay. People love that feature, but this is just the start of this where maybe there’ll be a sat button where you click it and then you can just send sats instantly to another person on the network. So I started thinking about what is it going to look like when anyone in the network can send sats instantly to anyone else on the network? And you have these network effects where people are doing this all the time? Well, maybe it’d be cool if you just take a portion of that and just send it to all the relays you’re connected to, to incentivize them to run, as well as to maybe even whitelist your key for some temporary amount of time. Imagine you send me some sats, so I trust you for now so I’m going to let you post to my thing for the next day — and if you keep sending sats. So that is in some sense an aspect of what you were referring to of the orange check where you’re putting down collateral — you don’t get it back — I mean, I guess that Relay could send it back to you once you’re done. But I think that’s one possible way to fight spam that’s really cool. And I think Lightning specifically enables that because it’s just so fast and easy, and relays can put a little Lightning invoice or LNURL on their relay, and your client can easily connect to it and send to it without any coordination, which is really important.
jb55 (npub1xts…kk5s) [28:20]: Lightning enables very fast point-to-point transactions without dealing with the legacy financial system. So this allows for really tight integrations with incentivizing relays to stay up because it costs money to run a relay, so we’re going to need some ways to incentivize relays to run. This originally came about because I’m starting to integrate Lightning more and more into Damus: right now you can post a Lightning invoice in a post and it will just render a little cool widget so you can click Pay. People love that feature, but this is just the start of this where maybe there’ll be a sat button where you click it and then you can just send sats instantly to another person on the network. So I started thinking about what is it going to look like when anyone in the network can send sats instantly to anyone else on the network? And you have these network effects where people are doing this all the time? Well, maybe it’d be cool if you just take a portion of that and just send it to all the relays you’re connected to, to incentivize them to run, as well as to maybe even whitelist your key for some temporary amount of time. Imagine you send me some sats, so I trust you for now so I’m going to let you post to my thing for the next day — and if you keep sending sats. So that is in some sense an aspect of what you were referring to of the orange check where you’re putting down collateral — you don’t get it back — I mean, I guess that Relay could send it back to you once you’re done. But I think that’s one possible way to fight spam that’s really cool. And I think Lightning specifically enables that because it’s just so fast and easy, and relays can put a little Lightning invoice or LNURL on their relay, and your client can easily connect to it and send to it without any coordination, which is really important.