title.
Emphasis: If, hypothetically, you could check out at a supermarket using BTC, then you could buy up to 600 USD of groceries in one sitting on the lightning network. At most you would have to wait 4 seconds for that transaction to finish.
For the past 30 days, 381 BTC have entered the lightning network. You do not need highly technical knowledge to put BTC on the lightning network. at most, the greatest barrier to entry is opening a new channel costs about 1000 sats (31 cents now). Starting in November that will turn to less than a penny.
I think (and I may very well be wrong) that we could be at the beginning of a Bitcoin supercycle if we see more countries adopting it.
For some more perspective: Less than 19 million bitcoin have been minted. Only 1,832 bitcoin are on the lightning network. That means less than 0.01% of all bitcoin are on the lightning network.
I suppose we should think a bit about βlightning network growth game theory." What would it take to go from 0.01% of BTC on lightning to 0.1% and then 1%?
Here is a bell curve chart of lightning adoption for some perspective - https://imgur.com/dfbjVCa
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