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RE: Goodbye Middlemen - Become your own Central Bank
It would be cool if someone made a type of bts asset for LN.
Here my idea(crude):
A LN btc bts token= the btc held via a LN wallet.
A user with a payment invoice can deposit btc via LN.
And bitshares can make it easier for merchants to sell those as it on a dex and can autotrade it.
Palmpay would be great for this and would be more incentives for them to use Palmpay. They get to accept LN without the hassle.
yes I posted this on whaleshares :P
Yep, the PalmPay point of sale system (palmpay.io) is adding atomic swaps and payment channels on interledger protocol as we speak. This means that merchants won't have to rely on centralised exchanges or bridges anymore either, and of course the Bitcoin Lightning Network will be natively supported (amongst many others) as well.
As for the BTCLN:BTS token, a smartcoin/mpa would be great for that too, someone just needs to create it and get its liquidity moving so a market can form around that pair.
Atomic Swaps are the future. Byebye CEX's. :)
Why bother with BTC LN? The concept of LN is a settlement layer outside of the blockchain, and not required with fast assets like BTS. Plus, such settlement channels require setup, funding and add complexity and middlemen that charge fees. I don't understand why any business would want to invite a middleman into its' supply / payment chain except those that don't understand how the blockchain is the ultimate ledger and settlement layer.
With HTLC/ACCS and ILP support though, PalmPay is the most decentralised point of sale system in the world and does not care what coin the customer wants to pay with. Nore more CEX's. It's as chain-agnostic as we can make it, so for the people who like BTC LN, we say Welcome :)