Has Lightning Quietly Succeeded? with Nate (Beeforbacon) | SLP708

In this episode of Stephan Livera Podcast, Stephan interviews Nate (Beeforbacon) about the Lightning Network in December 2025. Nate shares his bullish perspective on Lightning, discussing payment success rates, network capacity, and the dichotomy between public perception and actual usage. They explore the privacy aspects, liquidity flow, and the role of routing fees in optimizing payment success. Nate explains how to set fee rates, prevent exploitation, and the potential for selling liquidity. The conversation touches on the centralization concerns, the importance of merchant-driven adoption, and the various Lightning implementations and tools available for different users. They also discuss the new L2 solutions and the need for on-chain opcodes, as well as Bitcoin myths and hopes for the future of Lightning adoption.