A valid criticism would be non-custodial is not practical for small amounts, payment failure rate..
Discussion
I'm not sure I have had a payment or route failure on my main node channels in well over a year. I have had at least 6 or 7 times a stores credit card machine was down in that same timeframe.
decentralized routing for the long tail resiliency win!
That is a great experience.
I too have had fiat system fail, maybe one or a couple times this year.
I hear and see often questions of “why did my zap not work” / similar over nostr.
Oh, it happens for sure. It's all about the channels, routes and sizes. If you have a 100k channel, perhaps not.
I can't remember my largest channel, maybe 5M sats?
non custodial also doesn't scale. can't have 8 billion + utxos for channels and expect to be able to publish your justice transaction
Why do you need 8 billion utxos? Do you feel that every single person and country in the world will hold or use Bitcoin?
To me, there is exactly zero chance of that. There are currently around 180 fiat currencies. Plus gold, silver, shells, cigs, Bitcoin other crypto, stablecoins, whatever...
I'm bullish as hell, but there is absolutely zero chance everyone on the planet at any time will all use the same money at the same time.
