pull down to refresh
Yeah I agree.
99.9% of internet users have probably never earned anything for their content… even though they’ve been posting on dozens of platforms for a decade or more.
For many, Lightning payments will be the first realization that they can in fact make money on the internet, and that their content does have financial value.
Other social platforms will have to let their users earn for their work, or be left in the dust. YouTube is the only major social platform that has a half-decent earning program today, but even that has a 45% take rate and a 30+ day settlement period.
Lightning is a far better tool for this job.
By "net seller", generally what is occurring is that they simply aren't buying Treasures to replace the ones as they expire. If they were doing outright selling, the impact would be even more pronounced.
there's a 1 trillion dollar bug bounty on bitcoin
Another way to think about this is that the 1 trillion dollar bug bounty will likely be a bad actor, not a good actor. An actual bug bounty would set some expectations for compensation and not just be game theory based theft from the network. Or why not have both. Bitcoiners have skin in the game. Our money is on the line literally. Seems only logical that all of us that use lightning should seek out incentives to harden the network.
I think the concept of bitcoin being inevitable is relatively new. Sure, some people used to say that early on too, but that notion got much more popular and the last few years.
In reality, most generations of bitcoiners believed that some things need to be done in order for it to succeed. “Things” in all walks of life, but our topic here is building so I’ll focus on that.
Lightning for example, couldn’t have happened if we hadn’t soft forked bitcoin THREE times first in order to enable it (CLTV, CSV, SegWit). People forget that, but it was never the case that you don’t upgrade bitcoin to enable new things!
I don’t think anyone can tell us “what needs to be built”; the only way to find out is for people to build whatever crazy things they want, and see how the market reacts.