Lightning is doomed. High fees from Ordinals have killed all hope of scaling Bitcoin non-custodially, there is no chance at all that people will be able to cost effectively open channels or enforce hung payments on-chain when necessary. It’s all over, pack it all up guys. Time to start shopping around and deciding whether Coinbase or Cashapp is a better platform for all of our Bitcoin needs now that we can’t afford to do it directly on-chain in a high fee environment.

It was fun while it lasted. We’ll always have the pixelated dick pics on the Lightning art site, the Lightning torch meme where everyone was scared to send it to people in countries the state told us is full of nothing…

Read more on BitcoinMagazine