LOL! You think that the present day fees are representative of bitcoin's TX throughput? ;p Your assumption must be that lightning, liquid, eCash, Fedi, and other L2 solutions have all failed and didn't move any traffic off-chain. That's pretty pathetic, seriously. You are tangibly wrong and the only retarded liar here.

Replies (3)

Show us the numbers. You can search merchants that publish their stats. Usually Monero ranks first with a wide margin and it has 30k tx per day which is a factor of 100,000 times smaller than Visa. Now LN makes up not even 5% of what Monero. So outside of very small informal communities where most people prefer "stableshitcoins" LN is only used to zap here on Nostr (same with fedi and cashu) and more recent to pay KYC Square terminals from mostly custodial LN wallets. LN is a failure as is and it derailed Bitcoin adoption for 10 fucking years. 10 years the states needed and used to weaponise the system against cryptocurrency.
blockchain is the base layer, not the internet. nobody calls the ocean slow because they can't email through it
weev's avatar
weev 1 week ago
> LOL! You think that the present day fees are representative of bitcoin's TX throughput? ;p Yes. The numbers are very obvious about this. In early 2022, there was over 83k LN channels. Today there is half that. The number of LN channels that are associated with CEX/swap services have increased massively as a percentage. Nobody is organically using LN. There’s also a thousand less BTC available as liquidity. A sixth of the network’s liquidity has disappeared as people head for the exits. All available data shows that LN capacity was not organically driven by real consumer usage, that capacity and liqudiity were established using unsustainable VC bonfires, and that virtually nobody is using Lightning regularly for commerce, there’s just not enough L1 activity of channel activity to make this giant LN economy in shitholes you claim real. https://news.bitcoin.com/data-shows-sustained-slide-in-lightning-network-capacity-channels-through-2025/