Dan Romero pfp
Dan Romero
@dwr.eth
Why hasn't Lightning taken off in Cash App?
16 replies
0 recast
18 reactions
Colin Johnson 💭 pfp
Colin Johnson 💭
@cojo.eth
Working theory is Jack did a heroic dose of mushrooms/ketamine after a two week fast, envisioned a perfect future running on Bitcoin rails, and has been unable to reconfigure those neural pathways.
3 replies
2 recasts
12 reactions
Nicholas Charriere pfp
Nicholas Charriere
@pushix
It’s not even close to 10x as good as the alternative (Venmo, Apple Pay) No reason for it to ever take off
1 reply
0 recast
3 reactions
Integrated Kyle e/acc pfp
Integrated Kyle e/acc
@kylesamani
BC lightning is dumb and does not work correctly for any real payments use case at scale
1 reply
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2 reactions
clun.eth pfp
clun.eth
@clun.eth
Most people view bitcoin as an investment product, not as money to be used for payments. If the Robinhood app made a feature where you could pay for stuff directly with your Apple stocks I think it would get similarly low usage.
1 reply
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Tayyab - d/acc pfp
Tayyab - d/acc
@tayyab
Viktor Bunin’s response is the most plausible answer People don’t want trade BTC, they want to hold it. So why make a faster payment network, when it’s not what people want?
2 replies
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2 reactions
Mantej Rajpal pfp
Mantej Rajpal
@mantej
Lack of merchants that accept Bitcoin / no demand buy coffee with BTC -> no Amex points -> less vacation 🫠
1 reply
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1 reaction
Jack Miller pfp
Jack Miller
@jackm
No demand, lots of friction Last I looked it had less volume and activity than Tier 3 Ethereum Layer 2s Upon quickly glancing, activity seems to have picked up a little, now roughly it’s in between the activity of Tier 2 and Tier 3 Ethereum L2s (metrics don’t line up 1:1 so some more analysis required)
0 reply
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1 reaction
Giuliano Giacaglia 🌲 pfp
Giuliano Giacaglia 🌲
@giu
Has Cash disclosed their lightning volume or is it anywhere in the public?
0 reply
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0 reaction
tomato tomato tomato pfp
tomato tomato tomato
@tomato.eth
I think the only way a payment system based on crypto will ever take off is with stable coins. People just don't want to pay for everyday things with a speculative asset.
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frdysk pfp
frdysk
@frdysk
Lightning wallets are not user friendly, only btc maxis find it easy to navigate
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ash pfp
ash
@ashmoney.eth
because there’s no Stablecoin. Why would anyone want to buy a coffee with a highly volatile currency?
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aerique pfp
aerique
@aerique.eth
If setting it up as a user has as many hurdles as setting up zaps for Nostr then there's your answer. (Although the egirls seem to be doing fine there, so maybe it's my age.) Every hurdle is one too many for adoptation. This is one of the main differences between (US) closed and open source software. That, and hype.
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christopher pfp
christopher
@christopher
i like my gold jewelry, but you rarely see people use it for currency unless they’re trying to bond their way out of jail
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shotaro pfp
shotaro
@shotaro
BTC + Lightning doesn't even have enough bandwidth for every human to open a channel at birth and close it 80 years later.
1 reply
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Mariano Sorgente pfp
Mariano Sorgente
@mar
Lightning needs to support stablecoins to reach it's true potential imo
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Spence pfp
Spence
@5pence.eth
What I find most interesting is Jack’s continued laser focus. There could be many answers. Seems he’d have hedged a bit by now.
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