What percentage of Lightning users do you think do that, versus either a custodial setup or using an LSP (which are singular points of failure and major targets for the Feds)?
Discussion
Not sure but it’s lightning connecting different pools either way
Do you understand Paul’s point? If Lightning coalesces around a handful of powerful nodes (maybe it already has?), you really don’t have any guarantee they’ll use Lightning to settle transactions.
In fact, there’s strongly incentivized NOT to use Lightning, because it’s more expensive than creating their own private messaging service (similar to what the Silvergate Exchange Network was between banks).
And that’s not even getting into the risk of the government shutting down these players altogether, which deals a SEVERE blow to Lightning.
He absolutely did not make this point
He just said LN was cope and a failure which is laughable
Many times I argued that LN is far from perfect, won’t be digital cash for everyone, etc
What you miss is LN is an open global network