[village-idiot]

For something that’s supposed to compete with Visa, $1m isn’t exactly “happening”.

Edit: supposedly there is $62 billion worth of BTC sloshing around out there. If you take that number at face value, then close to .0016% of BTC has been committed to the lightning network. This is not “happening” by any stretch of the imagination.

[apo]

You're right in that VISA volume will dwarf Lightning Network volume for a long time.

However, you made the provably false statement that Lightning "wasn't happening." That train has left the station, leaving a surprisingly large crowd on the platform yelling at passersby that it will never happen.

[jazzyjackson]

"never going to happen" is a sort of valley slang, probably best exemplified in the film "mean girls" wherein one girl is trying to introduce 'that's so fetch' to the local lexicon, and her friend says "Stop trying to make fetch happen. It's not going to happen"

"Lightning" is not simply code that does indeed run at this minute - it is also the idea that Bitcoin will transcend into a pragmatic currency with the widespread usage of this 2nd-layer interface that can handle more than 7 transactions per second. That's the part that's not happening.

[village-idiot]

Different definitions of "won't happen".

You're asserting that it can be turned on and it contains money. You're correct that indeed, there are some nodes containing some money.

I am asserting that the network will never be a functional way for large chunks of the population to move money around, because it is a bad design built on top of a bad currency. Under my definition, the fact that a few people interested in it have moved an infinitesimal amount of money around is mildly fascinating, but not of particular note one way or another.