Post
Topic
Board Bitcoin Discussion
Re: Did we forget about the lighning network?
by
stompix
on 14/12/2023, 23:00:12 UTC
Because if you have bitcoin and fiat to pay for that coffee you can
- spend the fiat and basically do nothing for adoption
- buy bitcoin with fiat and pay with that coffee with LN, you still keep your previous stash intact and you use the fiat you were spending anyway

I usually see you write potent arguments but what you just said seems to me to be a joke. It had to be at some point, I guess.
The growth of LN and Bitcoin adoption has to come because of a demand and a need for real usage, not because some Bitcoiners try to increase usage in an artificial way like that.

It's not artificial usage as long as it's genuine.
You don't pay for that cup of coffee with fiat you pay with Bitcoin that you bought with fiat
It's not any different from
- withdrawing money from an ATM and use cash instead of paying with a card
- much different from getting your wage and instantly converting it from pesos to usd as they do in Argentina

How else do you expect adoption to happen?
Remember the time when there were no buyers for electric cars as there were no charging stations because nobody had an electric car?

According to many reports, lightning network adoption continue to increase. Here is an example:
https://beincrypto.com/bitcoin-lightning-network-transactions-research/

When you have a research comparing numbers from 2021 to 2023 and ignoring 2022 you know there is something fishy in that 1000% growth.https://river.com/learn/files/river-lightning-report-2023.pdf
The reason is that although not mentioned the graphs are telling, the growth from 2022 to 203 is minimal!