The Lightning network is a psyop to get bitcoiners to accept centralization and ultimately custodians/banks.
It was never the best design for a layer 2, not even the whitepaper authors like it that much.
Got the job done, now bitcoiners will find 1000 excuses for LSPs & WoS.
Don't you like Spark tradeoffs?
I feel like this is a very one dimensional understanding of what lightning is becomming. It certainly did not turn out to be something that the average user could easily do in a sovereign way. In that regard, it's really a failure. It's a wonderful protocol for people who can extend the amount of effort necessary to run a node. And though that's hard for most end users, the service providers and banks themselves will certainly be running lightning nodes to send money back and forth to each other.
And things like custodial lightning nodes and single issuer mints are not going to bring us back to sovereignty.. but things like fedimints or federated models like liquid or wallets like Aqua are emerging and showing us that there will be ways to make trade-offs with second-layer solutions that do still retain distribution in their models.
All of those current distributed implementations interact with lightning. In the end, the solutions are coming.
Some say that Lightning Labs might be compromised.
That's because they seem to have been received some grant from the WEF, and there could potentially be backdoors in LN for all we know as a result of this.
The code is open source and you can build it yourself. I also use core lightning, not LND.
While it's current form has many shortcomings, I think it's got potential. It will require a lot of work around coordinating liquidity. But this is an inevitable problem a bitcoin-based financial system will have to solve. The whole point is we're not yoloing into mounds of debt.
I haven't seen another L2 design that can promote the same amount of sovereignty. Prove me wrong.
Paper Bitcoin Treasury L2 Scaling Summer >
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