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 16:39:34
Author Public Key
npub1wl0sg0dwh9qex4v59qmkq6ta78qr448war08t8rk0m5y8r37p36q4pq59tPublished at
2023-11-24 16:39:34Event JSON
{
"id": "5063e19385584b6a7b44d72bdfa575892920baac0a7acbfd8a4b65ea286947d5",
"pubkey": "77df043daeb941935594283760697df1c03ad4eee8de759c767ee8438e3e0c74",
"created_at": 1700843974,
"kind": 1,
"tags": [],
"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": "72dc85c81636458f6205236911e5fa53ced7bdaa9e5bef4684aa4d127939defc51f565b76d3b5302a0f0c08b15eb24c746a619c28f44c0d88a43bb09d8c7ea69"
}