Global Feed Post Login
Replying to Avatar Yoshi Yaya

Do you understand Paul’s point? If Lightning coalesces around a handful of powerful nodes (maybe it already has?), you really don’t have any guarantee they’ll use Lightning to settle transactions.

In fact, there’s strongly incentivized NOT to use Lightning, because it’s more expensive than creating their own private messaging service (similar to what the Silvergate Exchange Network was between banks).

And that’s not even getting into the risk of the government shutting down these players altogether, which deals a SEVERE blow to Lightning.

Avatar
gladstein 6mo ago

He absolutely did not make this point

He just said LN was cope and a failure which is laughable

Many times I argued that LN is far from perfect, won’t be digital cash for everyone, etc

What you miss is LN is an open global network

Reply to this note

Please Login to reply.

Discussion

No replies yet.