I only trust onchain #Bitcoin
Change my mind
Discussion
Lightning is onchain bitcoin if you run your own node.
It gets you closer for sure 🤙
No, it’s not just closer, it is literally onchain bitcoin. It’s just in a multisig address.
Right, with managing channels.
I simply don’t understand what that has to do with trusting it though. Do you mean that you don’t trust the lightning protocol? If I have a Lightning node with a private channel that I only use for payments, it requires little to no maintenance. I have the ability to unilaterally “close the channel” which simply sends my portion of the sats from the multisig address to a different address. What is there not to trust. There is nothing magical about lightning. Bitcoin never leaves the chain. You either have the keys or you don’t, and if you run your lightning node then you have the keys to the addresses associated with your channels.
No disagreement there. Assuming you have impeccable OpSec.
I wouldn’t trust either. Lightning is built on top of a flawed system, adding faster transactions but reducing security. Bitcoin itself is too centralized due to high fees and ASIC mining.
Monero is the only currency that comes close to Satoshi’s original vision of a currency that is truly distributed and not controlled by any one group or entity.
Don’t let the rich get richer