It’s impossible to discuss the future of Bitcoin’s Lightning Network without asking some existential questions about its ultimate purpose. Is it really important for everyone to run a node to route payments and decentralize the network, or should users settle for convenience and reliability at the expense of some centralization?
Will the Lightning Network fees always be small and competitive, or are we going to see cartels of big players who adjust the fees according to the on-chain rates?
According to Stroom Network’s Slava, the most important quality of Lightning is that the network is and should always stay permissionless to enable anyone to run a node. Secondly, he argues that Lightning fees will always be smaller than on-chain fees, as otherwise users will just pay to transact on the base layer.
For more information about the present and the future of the Lightning Network, listen to S13 E14 of the Bitcoin Takeover podcast – now available on YouTube, Spotify and YouTube 🎧
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