Hey nostr:npub1xtscya34g58tk0z605fvr788k263gsu6cy9x0mhnm87echrgufzsevkk5s,

Although I share your enthusiasm, it's also good to ask, "Coud I be wrong?" which leads to researching other opinions.

I found the article below about the inevitable centralisation of Lightning, which means... in our enthusiasm, we are just recreating the Fiat network with easy central control and censorship.

Only those who delve into the Lightning network will be able to understand the intricacies. It's not easy and many will never understand it. Opening channels for example, or the inability to move sats to BTC self custody once the BTC price and mining fees move higher.

We hope that developers will solve these issues, but as they do, they are building a highly centralised network with big nodes (Wallet of Satoshi, Acinq, Binance, Kraken etc) that are easily co-opted by government. BTC exchanges already require KYC, what if big Sat hubs are next?

https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

Links to thorough articles refuting the article above are highly welcome.

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Discussion

People who want to sovereignty on lightning can run their own node. At the end of the day this is all that matters, and what lightning achieves. I run my own node, zap out of it, run my business out of it. It is working as intended.

If people choose custodial solutions that’s on them. I use custodial wallets alongside my node. The other day I just moved some of my node’s sats into wallet of satoshi to pay for something because my direct-to-cln wallet wasn’t installed at the time. It’s a flexible systems that enables lots of different use cases at different levels of custodianship.

The reason I prefer lightning over things like liquid, etc is that at the end of the day it has a feature called unilateral exits, which always allows you go to back on chain. The FUD around how lightning centralizes bitcoin is bizarre to me, it’s just a tool for setting up onchain bitcoin to be utilized more efficiently and with lower fees.

You can always recover base-layer decentralization via unilateral or cooperative exits if you need it, so the FUD is nonsense.

What hardware are you using for this?

Just my Linux desktop at home. I have my lightning port exposed on my static ip at home. I use this to route on lightning and to connect to my node remotely to use it as a wallet via commando/lnlink/lnsocket

Is this desktop server grade or consumer?

Just a consumer desktop. I game on it. It’s nothing fancy, I just make sure to replicate the SQLite db to more than one disk.

Thank you

t-y 4 sharing

Can confirm. Fucked up too many times but was saved by LND channel backups.

Just don’t try to be fancy and snapshot backup the whole database. It’s how you get screwed.