Brisket on Nostr: Lightning service providers are the new banks. You either connect your node to them ...
Lightning service providers are the new banks.
You either connect your node to them (no trusted third party) or you trust a third party LSP.
This trusted LSP could be a single entity mint or an app like WoS. It could also be a federation like liquid or Fedi.
Lightning is the main payment protocol & method of settlement between LSPs. An LN invoice will be paid.
What happens between the normie & the LSP is what's being worked out right now. Multiple approaches to the same problem, with different risks & tradeoffs.
Nobody should be forced to accept a token that they don't want.
Seller provides a lightning invoice, lightning invoice is paid & the transaction is complete.
The user can decide who they place their trust in. Rugs will be pulled.
You either connect your node to them (no trusted third party) or you trust a third party LSP.
This trusted LSP could be a single entity mint or an app like WoS. It could also be a federation like liquid or Fedi.
Lightning is the main payment protocol & method of settlement between LSPs. An LN invoice will be paid.
What happens between the normie & the LSP is what's being worked out right now. Multiple approaches to the same problem, with different risks & tradeoffs.
Nobody should be forced to accept a token that they don't want.
Seller provides a lightning invoice, lightning invoice is paid & the transaction is complete.
The user can decide who they place their trust in. Rugs will be pulled.