RE: Stacking Sats On The Lightning Network
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That's a pretty cool development with lightning network. I'm going to wait until it becomes more developed first as I'm not in a rush to move small amount of satoshi around but one to keep an eye on for sure. That will render a lot of alt coins obsolete I'd imagine!
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yeah it's still very clunky and very much a baby and not many wallets have it integrated just yet, I am sure it is coming because I see a lot of work being done by lightning labs.
Their DE-FI protocol rolled out now to provide liquidity to the lightning network and earn fees is out, but doesn't have a UI yet.
I've been thinking of getting myself a lightning node and setting it up as a payment channel and earn some sats that way too.
I would agree with Lightning and RGB Bitcoin smart contracts a lot of alt coins will die, only leading edge ones pushing the limit will continue and I don;t see that as a bad thing
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It's only a matter of time - in 12-24 months, the landscape will be totally different and if PayPal and other big institutions are lining it up for payments, they'll be wanting to look at LN as well I'd imagine.
I might spare a bit of BTC to provide liquidity once things stabalise as that could be another avenue for stacking the sats!
Wonder which ones will make it but like you said in the OP, Litecoin seems like it would be made redundant once LN is fully fledged
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I really can't wait for these things to mature its going to be awesome to be able to instead of having all these apps, create an X-PUB address in my ledger for all my DE-Fi shit, provide liquidity let's say on Lightning or ETH and see the sats roll in with super low fees and we just keep that profit machine churning
I also think LN will make things like Lolli more viable, like cashback rewards when you spend, get back sats in your wallet. I know Bitfinex is also LN enabled already its coming slowly
Now you're talking! I'm going to be waiting out for that functionality in the ledger! Satback rewards sound epic!
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