Such a fascinating experiment. Essentially, figuring out how to build a functioning economy from scratch. Working out bugs in LN functionality in part requires discovering how to optimize the Layer 2 human trust networks that interface with the "trustless" Layer 1 bitcoin layer. https://t.co/aWNsVdW2cy
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By way of the social media platform Twitter, people pass the “torch payment” from one person to another, adding 10,000 satoshis (worth about $0.34 at press time) to the payment before sending it further along. Imagine a kind of lightning network-style snowball effect and you get the basic gist of what’s happening around the world.
All I see here is LN maxi's putting on a dog and pony show that doesn't in any way prove LN to be viable at scale.
Bitcoin never needed a deliberate demonstration, it just did that by itself whenever you use it.