If you look at lightning ⚡ as a self custodial payment network, it is great. But that's only a snapshot of the present situation.
If you consider that it must become 99% custodial once Bitcoin adoption rises significantly but Bitcoin core stays the same, it becomes a "slightly better than traditional banks" payment system.
Could still be a plus for society. But we shouldn't praise lightning as "the future of money". The improvement just isn't big enough.
d0enakalle🐇⚡
npub1d0…9xlas
2024-08-06 18:07:54
in reply to nevent1q…nqmx
Author Public Key
npub1d0enakaludyvruzdndcgl4glkcqyfpvp9tdtf8cawzkskekhcu2sq9xlasPublished at
2024-08-06 18:07:54Event JSON
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"content": "If you look at lightning ⚡ as a self custodial payment network, it is great. But that's only a snapshot of the present situation.\n\nIf you consider that it must become 99% custodial once Bitcoin adoption rises significantly but Bitcoin core stays the same, it becomes a \"slightly better than traditional banks\" payment system.\n\nCould still be a plus for society. But we shouldn't praise lightning as \"the future of money\". The improvement just isn't big enough.",
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