My concern is people won’t have a choice except to use custodial because the block capacity isn’t there.
To be fair a lot of Bitcoin is held in custody too, but people aren’t forced to use custody.
Let’s say the network handles the first 500m but not the next. Then custodial lightning providers will become centralised and we are back to the old banking system. Custody should be an option not the only option.
_
npub10m…6ck2g
2023-02-19 08:53:41
in reply to nevent1q…he86
Author Public Key
npub10mmahk8nwnn5h38s92vyn0u6a0fa4ss30yuddywl3d8464yp3yxsx6ck2gPublished at
2023-02-19 08:53:41Event JSON
{
"id": "3c863d69e5881039c64204a20d1083986b2863e4f81af2ffabb75ffee06e84ea",
"pubkey": "7ef7dbd8f374e74bc4f02a9849bf9aebd3dac2117938d691df8b4f5d5481890d",
"created_at": 1676796821,
"kind": 1,
"tags": [
[
"e",
"1ebbbb577d350b70cc78c42dc6b9a21d9b6667751b5c2fdca8a1738febc3f383"
],
[
"e",
"c9940043c085bc7abc97eadab0d327019bc2fabb9962d21beccdfc1902832ccf"
],
[
"p",
"4657dfe8965be8980a93072bcfb5e59a65124406db0f819215ee78ba47934b3e"
],
[
"p",
"0bc1d52b0346f6dc0de73c1d0c0259ada7aeeba7f452ab52dca5298459821ea9"
]
],
"content": "My concern is people won’t have a choice except to use custodial because the block capacity isn’t there. \n\nTo be fair a lot of Bitcoin is held in custody too, but people aren’t forced to use custody. \n\nLet’s say the network handles the first 500m but not the next. Then custodial lightning providers will become centralised and we are back to the old banking system. Custody should be an option not the only option.",
"sig": "02d694e391fa310b1835e14d376aca9d7f8df9f6b5d21acc4bef2d39dfb9a7e06082336476b1c72fd64ca09d332e76e06a93f6c285f30ffcdb982b1b6829f32a"
}