Yes, price plays a role. As I see it, for this to work they also have to convince miners to mine their new tokens at the same time. Mining seems decentralized enough to make this hard to do.
It doesn’t…FUD. This is where the small cost of running a full node comes into play
Shrimps be shrimping
For the same reasons people keep bitcoin on exchanges and yet exchange balance is at an all time low
It isn’t but it debunks your claim that “LN volume outside zaps is fairly negligible”
On LN centralization I am on the fence and I haven’t seen any evidence to support it. Your evidence is based on nostr only when there are is a substantial user base outside nostr
Not to mention thw number of centralised exchanges that support ligjdning withdrawals now
https://nostrcheck.me/media/public/nostrcheck.me_1198146285801260701689868989.webp
Your cherrypicked examples for supporting your argument are not working. Let me just put use cases of lightning outside zaps in front of you just to give you some much needed perspective
Zaps on posts were introduced in feb 2023 in nip-57.
You are assuming all of lightning is just zaps which is complete BS.
You have shown no substantial evidence to support your argument that 99% of lightning users do/will use custodial wallets. Pointing statistics from a sample that is not even close to being representative of the population is just being willfully ignorant to prove your point.
Nostr is just 6 months old and to assume that zaps make up most of lightning transactions is ridiculous.
How did you come up with the 99% number?
WoS has 500k+ downloads on playstore
Phoenix wallet has 50k+ on playstore
Muun wallet has 100k+ on playstore
Sure, although their setup from the multisig can get hacked into. They don’t give insurance on deposits so it’s kind of similar to an exchange.
One positive is that they will not be able to loan out your btc without you knowing and even if the company goes down you can withdraw
Your analogies are wild. Running an email server and downloading an app on your phone that runs your lightning node are not even comparable in terms of convenience.
1-of-2 mutlisig with an institution is as almost as dumb as keeping your btc on an exchange
Most multisig companies I have seen offer 2-of-3 but then again you need a trusted partner for it
I wonder how the taxes work with that. In most countries selling btc is a taxable event.
If I buy btc using country A’s bank account and sell it to get fiat in country B’s bank account will I be taxed?
Compared to btc…if your post was not meant to be just some contrarian posturing then forgive me for mentioning pow
None of them are backed by energy/pow