LSPs are trustless and you can shop for them and use in parallel and even operate a local community LSP. LN requires a level of specialization that can be services but is monopolization proof
“Many people are saying LSPs are a massive centralisation risk in the long run. Do you agree with that? ~Marty Bent
“Yes, it kind of is,..., there are valid centralisation concerns. But if we dont build it, no one is going to use lightning because the lightning user experience sucks ass.”~Matt Corralo
Full podcast here:
https://youtu.be/2pHhKvDcdFM?t=2999
#bitcoin #lightning #LN https://video.nostr.build/45a872515079de092457ef2bc23d57e187ce750dfdfa506cafe0e0f150942dc2.mp4
Discussion
Trustless?
Every user of lightning is trusting the LSP as enough liquidity to route your payment. Not enough liquidity no payment.
if the LSP wants income it better route payments
I dont how much incentive it is for micropayments. Can it add up to a big return? Is it a worthwhile venture for entrepreneur?
You can’t make payments less than 30 cents on Visa. Are you aware of that? Or are you making an argument based around a theoretical perfect world which only exists in your head?