How much goes to the dollar?

There’s a powered device or 5 in every store connected to a credit server.

All that energy for bitcoin only supports 7 tx/s. Digital dollar payments do tens if not hundres of thousands per second.

On main chain. Via lightning you can support all the capacity of Visa/Mastercard/banks and then some. Main chain provides the security for lightning, lightning provides the transaction storage space and infrastructure.

The lightning infrastructure, if you graph it, looks very similar to existing global payment networks. The difference is that transactions settle instantly because they are protected by the underlying blockchain and they are automated with no middlemen to delay things. No complicated currency conversions, no banks negotiating liquidity in blocks manually and having to buy/sell other assets to stay in balance, no bank holidays, less fees. Which means you can take your money from person-to-person faster, which reduces friction in the economy. Which is exactly what a good currency should be.

Are you paid to post that nonsense?

For those in blissful ignorance: This uses so-called channels between participants. Opening a lightning channel means, basically, putting bitcoin in “escrow” on the blockchain. This requires multiple transactions on the blockchain. Bitcoin doesn’t even have enough capacity to open a channel for each baby being born.

The amount that both sides put in “escrow” is the max payment imbalance that a channel can accept. Say, you want to use a channel to buy a car for $20k, then you need a channel that both you and the other guy have put in $20k in bitcoin.

If some calamity happens, these funds are lost in nirvana.

While Lightning doesn’t need you to open a channel for every new recipient and has smart routing through other participants, I still think it’s an inconvenient solution we don’t have to take.

We have Solana, a 300.000+ TPS Layer-1. We have much smarter Ethereum Layer-2’s that don’t require this bullshit. We have many ways to tackle this problem, it’s the hyperfocus on Bitcoin that, in my opinion, makes people go for Lightning network anyway.