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@ 028559d218
2025-06-05 02:54:58
Obvious question is Obvious: Where the hell is everyone???
For the life of me... I can't understand what is going on with the blockchain.
It's a simple question really: where the hell is everyone?
https://blossom.primal.net/3645457350538a9bd00b5a0bd533754e55a50966497b0b3553dd5f07bc2d4268.png
Think of all the daily transactions, all the settlement across borders, the daily spends people make, the Lightning channels that need to get opened (trivial really), the channels that need to get closed or 'resized'...
The availability of Phoenix, Zeus, much less self-run Lightning nodes, plus all the onchain activity...
I saw a transaction for 9 Billion (?!) dollars of Bitcoin settled the other day for around 2$. It was secure. It was verifiable. Sure... maybe wait 9 blocks or 12 to be extra cautious with regards to a reorg but even then it's final settlement in like 2 hours. What legacy systems can do that?
Companies and individuals make these kinds of settlements and payments every single day all around the world, 24/7 and the Bitcoin blockchain is always working and available even with other settlement systems simply don't have the uptime/availability.
24/7 people trade real estate, gold, stocks, bonds, trinkets... when it's daytime somewhere it's nighttime somewhere else so the demand really 24/7 to use the Bitcoin blockchain really should be overwhelming.
Need to trade a building in Tokyo for property or cash in Berlin? Ok SURE there's demand for that. Settle that 'digitally' on Bitcoin it's faster and cheaper.
And if you want a few Lightning channels, either on your own or with an LSP then open them and you have quick and cheap payments that overwhelmingly work (in my experience).
So where the hell is everyone?
3 thousand on-chain transactions in a block, maybe stretched to 200 million a year, among 8 billion people, 200 million companies, in 70 countries...
The demand for on-chain should be overwhelming.
So where the hell is the rest of the Human Race???