How come many bitcoiners, just like me have a lightning node? How can it be centralized if we’re all separated geographically?
And how is it that i use bitcoin utxos to create a lightning channel ?
Lmao
Discussion
Have you looked into who created the lightning network and who funded them?
You have ignored Node statement for share some vague information. Provide all the details if you want be credible
Dyor but here ya go lighting labs
https://www.crunchbase.com/organization/lightning/company_financials
exactly
everything funded by a vc is a centralized shitcoin
lightning is not proof of work, not a decentralized community project like bitcoin and monero
Good, thank you.
So what? The lightning network is a open protocol and Lightning Labs provide one software implementation.
As the code and the protocol is open
Bitcoin and lightning have very different security trade-offs and UX. They are not the same.
-LN very rarely used in P2P fashion. LN is nearly unusable without massive centralized hubs to route without failing.
-LN is offchain. Not final settlement until on chain. Possibility to be rugged by channel peer or host exists without an active node.
But even worse, the UX is so terrible ~90% of LN use a custodial, closed source wallet 🤮
