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by arcticbull 1952 days ago
Roughly zero, and no. [1]

[1] https://bitcoinvisuals.com/lightning

1 comments

There is no number there on the number of transactions, simply because it’s impossible to measure. It’s only possible to see the lightning transactions flowing through your own node.

Each channel accommodates theoretically infinite amount of transaction.

More knowable question: who actually uses the lightning network to accept payment for goods and services?
https://foldapp.com/

https://store.blockstream.com/

https://acceptlightning.com/list.html

Several major exchanges have announced that they are implementing LN support. Still very early days.

Looking at that list, most of those are clearly crypto enthusiasts. I don't think "HODL Monkey" is a good indicator of where the market is going; ditto with exchanges.

As always, call me when I can buy a latte with it.

FWIW I have been buying lattes for bitcoin (a couple of which with lightning) in multiple countries since ~2012
This shouldn't be surprising. The early adopters of a finicky new technology are always going to be enthusiasts.

You can buy a Starbucks gift card on fold app using LN and currently get 3% back in sats.

But seriously, why would anyone spend a ton of effort right now integrating a coffee shop directly with LN in the first world? Traditional payment systems work fine. Bitcoin was never primarily concerned with replacing Visa. Think bigger.

Is someone in the third world chomping at the bit to pay $40 to open and close a single LN channel when that’s 10% of the GDP per capita of some of those countries you plan to help? Probably not. The only places you can get away wanging people with such egregious fees simply don’t need crypto.
What does “think bigger” even mean here, aside from memes about Bitcoin prices going up? If your competitor is cheaper, more popular, more reliable, and more widely supported, aren’t you just straight up losing?
Good point, thank you for the correction.