> ... Arcane Research estimated that in Q1 22, Lightning facilitated $20–30M in monthly payments. That’s a 4x YoY increase, but a far cry from the $866B Visa fa

> ... Arcane Research estimated that in Q1 22, Lightning facilitated $20–30M in monthly payments. That’s a 4x YoY increase, but a far cry from the $866B Visa facilitates each month. It's worth noting the scorn and hate once thrown on this idea as a scaling method for Bitcoin back in 2014-2018. Part of the problem was that the protocol needed to be upgraded for certain things to work well. Part of the problem was that the underlying concept, although simple, is very technically deep. (Many people still don't realize that Bitcoin does "smart contracts" and always has). Part of the problem was that the "obvious" solution from the perspective of beginners -just make bigger blocks - seemed so natural while Lightning seemed so alien. Edit: why is this post now flagged?