I respect what nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 has built for us and his instrumental role in the freedom tech space.
"Lightning is a scam" means it is believed that we shall revert back to Layer 1 and treat it as a store of value as there is in fact nothing else out there that has a shot at scaling Bitcoin payments.
[814603] nostr:note1fhz7dq9yta0u5sz6qad50je0dz02grtaqfz9g3r4e08m5xsuhxeqkc2eu8
Everything will always eventually revert back to the base layer, that’s the design of the system. The question is whether we can do so in a secure manner where individual balances are correctly enforced.
You could compress 100 transactions using a lightning channel and then ultimately settle it on-chain. That doesn’t make Lightning a scam. Anyone who thought that lightning was a system equivalent to on-chain Bitcoin was misunderstanding what it was attempting.
nostr:npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6 might not even ultimately be wrong, but we just don’t know yet. To date, lightning has served as a great method to increase Bitcoin throughput in a trust minimized way. I hope it continues to do so, and I hope more solutions are built which make trust-minimized Bitcoin storage and usage feasible for 8B people.
