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2024-01-27 19:09:28

Dr. Hax on Nostr: The lightning network needs to escape the #bitcoin echo chamber. It could do that now ...

The lightning network needs to escape the #bitcoin echo chamber. It could do that now with custodial #lightning providers who manage #liquidity, #channels and so forth, but it risks another Mt. Gox or FTX.

A related problem is that people don't want to accept bitcoin, even the same people who want to buy it. Similarly, most people don't want to spend their bitcoin. The rhetoric is nearly always about stacking sats, not earning, not using, just #hodl them.
Hard truth for bitcoiners: "New product innovations are close, but not quite there yet ... things still feel insular"

Full article: https://www.coindesk.com/consensus-magazine/2024/01/26/why-is-everyone-suddenly-bearish-about-bitcoin/
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