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! 🫡
repletesumo / replete sumo
npub1wl…pq59t
2023-11-24 15:33:05
Author Public Key
npub1wl0sg0dwh9qex4v59qmkq6ta78qr448war08t8rk0m5y8r37p36q4pq59tPublished at
2023-11-24 15:33:05Event JSON
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"pubkey": "77df043daeb941935594283760697df1c03ad4eee8de759c767ee8438e3e0c74",
"created_at": 1700839985,
"kind": 1,
"tags": [
[
"content-warning",
""
]
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"content": "Thoughts on WoS pulling their app in the US:\n\n1. 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 \u0026 (b)paying on-chain fees for channel creations/closes. \n\n2. 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)\n\nTLDR:\n\nThis is good for Bitcoin! 🫡",
"sig": "ab2f24fe66b5868a265973cd06897dd57a6979e16a7ecab9edfae942b73f5d74a1e99e048a5370038d6285f4b72b2368d8094f9c686e08bb29fb008a64ce875a"
}