Bitcoin and Lightning MOC

Map of the payment layer: how sats move fast enough and cheaply enough to make streaming micropayments plausible.

Start here

• Bitcoin — the settlement layer, and why it is too expensive to tip with
• Lightning Network — why a second layer exists at all

Core concepts

• Sats
• Payment Channel
• Liquidity
• Lightning Invoice
• Keysend
• LNURL
• Lightning Address
• Custody
• Value 4 Value

Tools and implementations

• LND
• LNbits
• Lightning.Pub — sharing one node with other people's Nostr accounts
• Bitcoin Connect — wallet connection in the browser, no extension
• RaspiBlitz — build the node yourself

Open threads

• Custody tradeoffs for listeners who will never run a node
• Receiver-side reliability: inbound liquidity as the recurring failure mode