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Coinbase CEO Brian Armstrong owes me $100. That’s because they may not know how to use the Lightning Network, an instant payment solution built on Bitcoin.
Armstrong, who has been in the Bitcoin (BTC) space since 2012, recently tweeted that he would pay those who provided the “best examples” of people using cryptocurrencies in Africa. . “If you are using cryptocurrencies in Africa, please reply with a short video (less than 30 seconds) or a photo of how to use it,” Armstrong wrote. “The best example is you can get $100 in cryptocurrency.”
If you are using cryptocurrencies in Africa please reply with a short video (less than 30 seconds) or a photo of how to use it. The best example is getting $100 in crypto.use a hashtag #Crypto Africa
If you haven’t already, try the self-managed Coinbase Wallet – send us your feedback https://t.co/zWvaH1nerF
— Brian Armstrong (@brian_armstrong) April 7, 2023
After all, this is the CEO of Coinbase, so he shared a video of himself using Bitcoin in Africa, part of a 30-second segment in a recent Cointelegraph documentary on Bitcoin in Senegal. bottom.
The tweet quickly became the most popular and most shared response to Armstrong’s question. (Importantly, the tweet referred to Bitcoin in Africa rather than cryptocurrencies in Africa, demonstrating the ease and speed of Lightning’s network.)
But despite over 600 likes and over 100 retweets, Armstrong seems to have ignored my suggestion. The second most popular post received just 50 likes. So he reached out to leaders, creators and influencers to spread his tweets, leading opinion within the Bitcoin community. Wicked, an anonymous Bitcoin educator and data analyst, said in a post that he tagged Armstrong and accused him of “actively ignoring the #Bitcoin Lightning Network.”
My tweets are auto-deleted after a few months, so I have no search history.
Lightning is great and we plan to integrate it.
— Brian Armstrong (@brian_armstrong) April 8, 2023
Wicked brought Brian’s attention to my tweet video about Bitcoin in Africa. This tweet, along with Armstrong’s affirmation that “Lightning is great and what we’re going to integrate,” prompted press outlets around the world to report on his Coinbase’s next development. He then tweeted that he sent me the money.
wonderful! Sent $100 to joe@coincorner.io
cheers
— Brian Armstrong (@brian_armstrong) April 8, 2023
Here’s where things get weird. Armstrong said he paid me $100. He said he sent $100 to his Lightning address in my bio on his Twitter profile: Joe@Coincorner.io
Even if you’ve never used the Lightning Network before, it’s okay to confuse this address with your email address. But would the Coinbase CEO make that mistake? Bitcoin OG requested my bio — “Send BTC to Joe@Coincorner.io” surrounded by lightning bolt emojis — didn’t realize that could be my lightning address?
Side note: Running a bitcoin node is somewhat technical, transaction confirmation takes about 10 minutes, and we live in a world of instants, so sending money on the bitcoin blockchain for the first time can be a bit nerve-wracking. . But are you planning to use the Lightning Network in 2023? A walk in the park. seriously.
“It’s an important call, Joe.” I hear you say
Yes, that’s right. And I have the receipt to prove it. The Lightning Network is so easy to use that I’ve been standing on the streets around the world handing out Bitcoins to people with my brand new Lightning Wallet and filming their reactions.
The most common statements are “I didn’t know it was this easy” and “Wow, so fast”.the video is mine Youtube channel. This is a video shot in France for the Cointelegraph YouTube channel where I distribute Bitcoins.
Please don’t pretend Armstrong is overwhelmed by the complexity of sending money to my Lightning address. What’s more, the funny thing is that bitcoin supporters all over the world saw my tweet and happily sent sats to show that my lightning address is alive and well.
Back to the topic. Danny Scott, his CEO of Bitcoin and Lightning company CoinCorner, pointed out to Armstrong: twitter Coinbase Offers “Send To Email” So He Could Have Made A Mistake By Mixing Bitcoin With Email function.
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Scott told Cointelegraph in an email: [that Joe shared] is a Lightning address, but obviously not everyone does. ”
“I mean, I think Brian knows next to nothing about Lightning right now. Especially LNURLs, Lightning Addresses, and other innovations that are being built are totally fine. He’s distracted. It’s happening. Now I hope he helps himself and the industry by pivoting: their interest in something of real long-term value: Bitcoin and Lightning.”
Indeed, Coinbase offers trading in over 250 different cryptocurrencies. This is a lot of tokens to watch. And, as Scott added, “I can understand how busy he is. This industry never sleeps. I run my own Bitcoin company, so even if it’s small, I know that feeling.” I know.”
To give Brian, and ultimately Coinbase, the benefit of the doubt, I waited a few days before writing this article. I took They told me they would find out the truth, but “my guess is that Brian is most likely batching transmissions at certain times.”
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The press team emails were particularly left-wing because they referred to “batch processing.” Batching is the combining of multiple payments into a single transaction on the Bitcoin blockchain, not on the Layer 2 Lightning Network. Again, they’re new to Lightning. This adds another insult: is it simply that the Lightning Network is not on Coinbase’s radar?
It’s been three days since Armstrong said he’ll send money, and there have been some simply awesome memes from Bitcoin and the wider crypto community.
Armstrong is active on Twitter and his company has been busy launching new projects and winning insider trading lawsuits for over 250 Coinbase-hosted crypto projects.
Meanwhile, I’m still waiting for $100. But I’m also getting more and more uneasy that Armstrong, the billionaire, his OG of cryptocurrency and Coinbase CEO, is having trouble finding a Lightning address.
Joe Hall Joined Cointelegraph in 2021 as a reporter. He has an MA in French and Spanish from the University of Edinburgh and a BA in Languages from Sceinces Po Lyon.
This article is for general information purposes and is not intended, and should not be construed as legal or investment advice. The views, thoughts and opinions expressed herein are those of the author and do not necessarily reflect or represent the views or opinions of Cointelegraph.