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RE: How To Set Up A Non Custodial Lightning Wallet By Lightning Labs

in LeoFinance4 years ago

The LN certainly holds a good looking future to use Bitcoin as a currency at the sats level. Just wondering about how the narrative changes from folks like Saylor et Al who are talking about it being a store of value/asset but there are 2nd layer solutions looking to make it a currency...

Sending as little as 1 sat with no fees is pretty awesome though once you can figure set up!

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from what I can tell lightning isn't/won't be Bitcoin exclusive and it's also going to incorporate litecoin. Ethereum has its own version raiden which should be able to speak to lightning so this is where it really gets interesting.

I think it makes Bitcoin far more efficient especially for DE-FI, if they can crack lightning pools, then I see no reason why site like HODL HODL can't do lightning multi-sig loans the way it does main-chain loans.

The pieces are all fragmented right now, but I see it all coming together and its going to be awesome. Hence my reason for staking sats and learning about lightning

Oh wow that sounds pretty cool if it integrates ETH and other chains too - wei transactions without the fees could also be game changing!

You're right about the De-Fi side of it, think that would make sites like HODL HODL a great place for those with knowledge on DeFi to play around with!