Post
Topic
Board Bitcoin Discussion
Re: Why isn't the Lightning Network being implemented in the Bitcoin protocol?
by
franky1
on 19/04/2017, 17:36:24 UTC
Great point.

LN hubs and nodes are on their respective layers of the network.   

The fact that we seem to need these 'hubs' should tell people that LN may not be as great as they think it is, because they are a from of centralization and move us farther away from p2p cash.

in short LN = PERMISSIONED tx's.. (it needs other parties signature of agreement)
in short LN = reinventing chargeback risks(CSV) and 3-5 business day funds unavailable(CLTV)
in short LN = only good for small spending $60ish with 2week lockin-ish

thus dont think of it as the end solution to scaling. think of it like a side service like Xapo