I use LN every day and had not even delays beyond 5s for months now. I do payroll using LN when on-chain fees are too high.

As to miners not getting their cut: When fees went up into the double digit dollar range, I topped up my LN balance with 1 transaction and paid with many LN payments in hundreds of dollars range each.

Not sure what you are talking about.

Reply to this note

Please Login to reply.

Discussion

lightning is proprietary crap.

it is centralized, run by large corporations who subsidise the fees for now. their goal is to make large profits from those fees. miners see nothing of their gains. all fees go to those centralized companies, not to miners.

lightning is not secure. you can easily lose your funds. many people including myself have lost funds on lightning channel. they get forced closed in many situations, you need to be online all the time or use custodial accounts. 99% of users have custodial accounts, not wallets. cash, strike etc are NOT wallets, they are accounts which require you to hold up your passport with a selfie and send it in. they want your telephone number, email and they own your funds, they can do with your funds whatever they want. they can block your money, steal it from you. it is the same as paypal or venmo.

finally it is mathematically proved that lightning does not scale. even the most hardheaded btccoiners agree.

Yes, there should be tradeoffs to quick cheap payments. BCH does it with big blocks. At scale the only people running nodes will be FAANG companies. So much for making sure a few can't make decisions for the many.

if you read satoshi's email

you will know:

satoshi designed bitcoin as money

of course there are advantages and disadvantages of almost everything

https://www.doubloin.com/learn/bitcoin-block-size-debate

that is why stateists like saylor and criminals like blackrock propagate store of value and tell you that it is not money, does not compete with dollar, euro and banks. saylor just did it on video this week