How is Lightning Labs trying to be a new Twitter?
Discussion
Lightning labs solutions are incentivising centralisation of liquidity, which will benefit their own infrastructure but not decentralisation and robustness of the network. Instead a few single hubs will grow Very large and if there is an outage alot of people will be affected. Look at what happened to wallet of satoshi recently.
https://twitter.com/zerofeerouting/status/1531208722156032000?s=20
From a layman’s perspective, I disagree with this characterization. While Lightning Labs may be incentivizing centralization of liquidity, I think this is deeply needed and natural. It will also democratize access for everyone to earn yield with their liquidity. This will be very very important.
While too much centralization is certainly a concern, I think the network will automatically adjust to find the right balance.
Also, I think the comparison with Twitter is off, because I think most of LL software is open source right?
#[8] Do I have this right/is there something you would add to clarify?
#[8] In case you can chime in!
Yep, LND and the Loop/Pool clients are FOSS. Same with LNC and other parts of our stack. IMO, as a business, Lightning Labs really only succeeds if the Lightning Network is as large, non-custodial, and decentralized as possible. We will continue to work hard to make that reality come to fruition.