There is “baseline evidence” that “the United States is embracing Bitcoin,” according to Clay Graham, founder of Rapaygo and Bitcoin Lightning Network (LN) enthusiast.

At a Bitcoin Lightning festival held in Portland, USA over the weekend, Bitcoin LN registered over $200 (four million sats) in just three hours.

Hailed as “Puddle Town on Lightning Rails,” Portland’s Bitcoin Party was a space where “vendors, food carts, entertainers, they all accept Bitcoin.” Graham told Cointelegraph that there was also a “food cart module” that acted as a “shopping attraction destination for Bitcoin fans who want a Bitcoin beach-type experience.”

The “Bitcoin mobile development lab for integrated research and development.” Source: Graham

Fiat money, of course, was not allowed, and popular Bitcoiner Dennis Porter was the MC at the festival. In this tweet he showed how easy it is to pay for goods using the LN:

Graham told Cointelegraph that the event was considered a success if “people could spend Bitcoin freely as if it were fiat.” In total they were:

“50 people spend over 4 million satellites in 3 hours, 3 food carts and 7 vendors selling what they want and even supporting use cases like ‘tip the DJ’.”

Graham concluded that LN made payments at the party very easy: it was “easier than cash, everything cheaper than cards, and great fun on a sunny day.”

Dennis Porter MC’ing at the event in front of ‘The Bitcoin Standard’ books and Bitcoin t-shirts. Source: Twitter

A near-instant layer 2 payment network built on top of the Bitcoin base chain, the LN is ideal for a party. Pubinno, the company behind the Lightning pour a pint tool, was built with festivals in mind, while LNBits creates open source payment tools, such as split payment tools and offline solutions, to make payment technology more affordable. even more fluid.

The LN technology used at the festival, which allows quick printing of receipts. Source: Twitter

Tiago Vasconcelos, co-founder of Aceita Bitcoin and contributor to LNBits FOSS told Cointelegraph:

“With the LN all you need is an internet connection! No hardware to swipe cards, no need for cash, no need to exchange currency [even] if the place is international and with many foreign people”.

Based on LN, LNBits free open source solutions compete closely with Visa and Mastercard. Vasconcelos adds that “network fees are close to zero, or even zero, and are ultimately paid by the customer, not the merchant.” Furthermore, “using LN reduces the costs and risks of using Visa or Mastercard.”

Ultimately, some Bitcoiners are even interested in scammers learning about LN, and for Graham:

“LN is so fast and transactions can settle just as fast as cards, so both buyer and seller don’t get that ‘where has my money gone’ feeling when they’re just trying to have fun on a sunny day.”

Snacks and trinkets with LN QR codes at the festival. Source: Graham

Related: Shit Coins Are ‘Junk’: Exclusive Bitcoin Brokers on Freedom and Finance

In addition, it is a payment network that supports “artists, people who made things with their own hands, and small businesses.” And there is more of a local connection to the money, and more sovereignty, because for the Portland Bitcoin Party, “the nodes that route payments for the LN become liquid mostly in Portland.”

Following the success of Portland, Graham added that “Kansas City has already gotten closer to how we repeat this party,” using his company’s solutions.

“Remember that within a year of Bitcoin beach El Salvador announced legal tender. Now we can have a Bitcoin beach in every city.”





This post the Bitcoin Lightning party in Portland

was published first on https://cointelegraph.com/news/us-grassroots-adoption-the-bitcoin-lightning-party-in-portland

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