Replying to Avatar Matt Corallo

Underrated fact: if there’s not enough demand for (truly) censorship-money, Bitcoin fails.

Not just people won’t use it and it’ll fade (which is true), but literally someone’s gotta pay the miners, and there’s no indication anything but a real demand for censorship-resistant money will do.
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Kevin Ravens₿erg ⚡️ ☁️ 5mo ago

Lightning nodes will pay the miners

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Matt Corallo 5mo ago

What lightning nodes? If it’s all custodial we only need 10.

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ynniv 5mo ago

What if every Lightning node was a custodian? Could be plenty of on-chain transactions there

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Matt Corallo 5mo ago

Custodians require trust. Trust doesn’t scale to many entities, it drives centralization.

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ynniv 5mo ago

Maybe? Both miners and routing nodes move money on your behalf and no one's complaining

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ynniv 5mo ago

That doesn't really answer the question though: do we think miners will get paid if everything happens in Lightning, but there are a million channels?