mattaroo on Nostr: The Lightning network is not working well. Recently, the number of channels has ...
The Lightning network is not working well. Recently, the number of channels has declined to around 52,700, down from 90,000 - not good. The sum channel value - in Bitcoin terms - has fallen off a bit, too. We need something better, cheaper, and faster to run for Bitcoin. With some huge improvements, maybe it's lightning, but I am doubtful. I bring this up because I just tried to fund my Alby wallet with some sats to pay for the monthly invoice incoming. I tried to use Kraken, Binance and Coinbase to buy some sats, and transfer them over their Lightning node and all of them failed. I finally got Kraken to work but only after 2 days of working wither engineers to address the problem.
Published at
2025-03-27 16:36:45Event JSON
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"content": "The Lightning network is not working well. Recently, the number of channels has declined to around 52,700, down from 90,000 - not good. The sum channel value - in Bitcoin terms - has fallen off a bit, too. We need something better, cheaper, and faster to run for Bitcoin. With some huge improvements, maybe it's lightning, but I am doubtful. I bring this up because I just tried to fund my Alby wallet with some sats to pay for the monthly invoice incoming. I tried to use Kraken, Binance and Coinbase to buy some sats, and transfer them over their Lightning node and all of them failed. I finally got Kraken to work but only after 2 days of working wither engineers to address the problem. \n\nhttps://image.nostr.build/0c6328a98104482fdfe7ec665969f6fab698473b0cf13a4bde339039023688c9.png",
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