Bitcoin Lightning Network.
It was amazing for a while everything worked the price was rising Bitcoin looked unstoppable.
Then in 2017 the bitcoin network was being used so much that it started to slow down taking up to 3 days to send a transaction. You could not "buy your coffee" with Bitcoin. People would have to pay a higher and higher transaction fees to get there transaction processed quicker. People became disillusioned the price dropped. Accusations of spamming the network where levelled at governments and certain other crypto currency leaders. Blockchain is SLOW ! |
Bitcoins layer 1 is like a gold bar -No good for buying coffee !
|
Cash used to be second layers on gold, until it got corrupted.
Lightning Network & The Liquid Network are now solving scaling & speed issues. You CAN buy coffee & pay for it instantly! It may not be as secure as using Bitcoin directly, but its fine for Coffee - and you can still send Bitcoin in its original form. So if I was buying coffee I'd use Lightning. The cashier would simply show me a QR code that I'd scan with my phone. If I was sending $1,000,000 to Zimbabwe, I'd use the original blockchain and it would still cost a lot less than a wire transfer and still be way faster ( 1 Hr ).
Get your own lightning address With lightningaddress.com you can have your own human readable lightning address, like an email but for money, so anyone can send you bitcoin.
|
Feel free to ⚡️ me ☝️
|
Here's a very early snapshot vs current of Lightning Network visualisation
Create a Lightning wallet the easy wayDownload the Wallet of Satoshi & get a bitcoiner to send you some Satoshi’s on the lightning network AKA "ZAP" you some sats
|
FREE BITCOIN
Click here to get free Bitcoin, it takes your to a website that GIVE'S YOU FREE BITCOIN ! No catch no sign up ! Just make sure you have a Bitcoin Lightning wallet on your phone or browser.
Free bitcoin for receiving an advertZapvertising or Splam (lightning spam) a variation on spam where you actually get a few satoshi's straight to your lightning wallet with an advert, message or link attached. Sign up at www.eaglesats.com . You don't even have to read it !
|
Mutiny Lightning Wallet
BTC Sessions
Ben from BTCsessions one of the best educators in the space with many excellent videos on all aspects of Bitcoin & Lightning.
Nostr pubkey npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8
Nostr pubkey npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8
|
What you can do with Lightning ?
|
|
Crowd Funding
Tallycoin is a crowdfunding platform built on top of the Bitcoin blockchain.
|
Micro Payments via the Lightning network are now possible and the possibilities are endless.
A news website could automatically charge you 0.5p for every article you read. Without you having to lift a finger. NETFLIX could invoice & your browser automatically pay a few ⚡️sats every 10mins for watching content with a browser extension such as ALBI .com
Most people cant be bothered to sign up to various organisations for a monthly subscription so to funding a one size funds all Lightning channel as a one off - not a problem. |
Social media with lightning integration.
With the explosion of Nostr in February 2023 things will never be the same ! The Bitcoin community are migrating from Twitter to Nostr. Unhappy with Government & Corporate meddling, algorithm twisting & deplatforming, freedom of speech advocates have banded together to create Nostr. The combination of free speech with lightning integration from scratch is intoxicating & sure to be a winner !
Try a Nostr client such as Iris or the Damus app More info here nostr-resources.com/ |
More ResourcesIf you still want to learn more about LN, check these links :-
Live on CryptoPurchase Gift Cards or Mobile Refills from more than 1650 businesses in 170 countries. Get eGifts & pay mobile bills quickly, safely, and privately with Bitcoin and other cryptocurrencies bitrefill.com/ bitcoinmagazine.com/articles/future-bitcoin-what-lightning-could-look/ From river.com an in depth report on the lightning report A deep dive into how lightning actually works with
bitcoinmagazine.com |
Play Roulette online gambling for real sats !
Be careful (I've. lost sats switching profiles) Lightning Roulette Pac Man with sats
sats-man Online Shops
Fun with LightningBuy bitcoin merchandise.
Bitcoinshirt.co Shop Merchandise (Bitcoin Lightning only) https://store.coinkite.com/store Lightning enabled Bitcoin merchandise https://quinsolo.com/ |
Accepting Bitcoin Payments
The bitcoinpolicy is the UK go to point for Bitcoin information.
Great short videos about Real world bitcoin adoption from @Acceptingbitcoin
Rapaygo is everything you need to accept Bitcoin payments for your small business in one place.An inexpensive and simple way to use the lightning network to receive bitcoin payments in minutes.
Great short videos about Real world bitcoin adoption from @Acceptingbitcoin
Rapaygo is everything you need to accept Bitcoin payments for your small business in one place.An inexpensive and simple way to use the lightning network to receive bitcoin payments in minutes.
Resources for developers
https://orangepill.dev/lightning-guides/guide-to-create-lnaddress-redirection-on-your-domain/
The open-source Breez SDK enables developers to integrate Lightning and bitcoin payments into their apps with zero learning curve or technical expertise. https://www.nobsbitcoin.com/breez-sdk/ Mastering Lightning https://github.com/lnbook/lnbook/blob/develop/10_onion_routing.asciidoc |
|