Replying to Avatar SBW

A better question might be: is there really that much demand for Bitcoin payments? If yes, why not make it a custodial protocol to start with to remove all the complexities of a truly decentralized system?

The reasons I ask is because:

1) payments is a highly competitive industry with very low margins, LN will be constantly fighting all the world's banks and payment systems (and musk soon), and it's going to be an uphill battle for LN because it's a decentralized system and fiat solutions are actually reliable and pretty neat UX wise.

2) Non-custodial low-value payments do not have quite the same ring as non-custodial storage of large amounts of value, I fail to see why any kind of censorship resistance is even needed in majority of LN payments.
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steepdawn974 2y ago

After all these years, IMMORTAN lite wallets still give me the best non-custodial user experience (success rate, speed, fees).

And for onboarding, ppl could still use the hosted channels (which i don't) and swap from HC to own channel once they got enough inbound.

They just all look a bit shit.. 🤷

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SBW 2y ago

Not too good news if true. I did try to use LN again a bit about 7 months ago, experience was so bad as if nothing has changed since early days (payment failures), that's when I've decided it's time to call it a day.