That doesn’t make sense to me because it seems custodial lightning was preferred by plebs even *before* nostr existed and even *now* when there is no need for offline receipt. Like in El Salvador or Costa Rica, for everyday retail payments. Last I saw, WOS and Bitcoin Beach / Blink, were preferred before nostr, and probably still are. For your argument to be correct, I would expect to see widespread and growing self-custodial lightning usage in those communities.
Am I wrong about that?
You might be right that the early nostr adopters were all using self-custodial lightning, but surely you’d agree that is not a representative sample of plebs. As nostr grew, it was probably destined to become mostly custodial because of the existing preference of plebs.
I don’t know what percentage of lightning usage is custodial but I’ll bet that by almost any metric it will be custodial by a large and growing margin.
Maybe this is unpopular, but my current thesis is that self-custodial lightning will become used only by federations, exchanges, and other custodians. We, the plebs, will all migrate to ecash, presumably to large geo-federations when they exist. I’m just guessing here, but that’s the trend I see right now.
techfeudalist /
npub1nz…0yxqu
2024-09-03 09:58:45
in reply to nevent1q…skcy
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2024-09-03 09:58:45Event JSON
{
"id": "316a27dcf5d028c2c0d22f19857d754ddc986957b9d809a2ef239420917b79e4",
"pubkey": "98a386c766ac9250f4ce1b500662fd08e4d464a1915743eedc83bd50521decac",
"created_at": 1725357525,
"kind": 1,
"tags": [
[
"e",
"eff3055478f5217573ec542e7babb96080ceef94bc0105a8af2617e33c06c5b2",
"wss://nostr.me/relay",
"root"
],
[
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[
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[
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],
[
"p",
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],
"content": "That doesn’t make sense to me because it seems custodial lightning was preferred by plebs even *before* nostr existed and even *now* when there is no need for offline receipt. Like in El Salvador or Costa Rica, for everyday retail payments. Last I saw, WOS and Bitcoin Beach / Blink, were preferred before nostr, and probably still are. For your argument to be correct, I would expect to see widespread and growing self-custodial lightning usage in those communities. \n\nAm I wrong about that?\n\nYou might be right that the early nostr adopters were all using self-custodial lightning, but surely you’d agree that is not a representative sample of plebs. As nostr grew, it was probably destined to become mostly custodial because of the existing preference of plebs. \n\nI don’t know what percentage of lightning usage is custodial but I’ll bet that by almost any metric it will be custodial by a large and growing margin. \n\nMaybe this is unpopular, but my current thesis is that self-custodial lightning will become used only by federations, exchanges, and other custodians. We, the plebs, will all migrate to ecash, presumably to large geo-federations when they exist. I’m just guessing here, but that’s the trend I see right now.",
"sig": "3cb84407f3466c3bef9137fe1417cc93b8e3939743942dc296fec93555c2804b5b023f3cfe60b58dc1b7539e9a494313c1cf9a30d1ae06d2107f90c64bb10fc9"
}