ChangeLog 09/2023

Fraud and chargebacks cost iGaming operators over $2+ billion per year, largely due to reversible payment rails like ACH and credit cards. Bitcoin payments over the Lightning Network eliminate reversals, reduce fraud vectors, and enable instant, programmable payouts that protect margins and improve player experience.

Stephen argues that self-custodial Lightning Network (LN) is ready for end-users despite common criticisms, moving past the idea of a server in every home toward a viable "node in every phone." Key solutions being implemented include BOLT 12/BIP-353 for reusable usernames, async payments for offline receiving, and splicing to improve the capital efficiency of Lightning Service Providers (LSPs).