Some say that the Lightning Network is centralized, but from my point of view, it's still a decentralized solution to scale Bitcoin as anyone would be able to run a Lightning node at will. The huge advantages that it provides for Bitcoin such as dirt-cheap fees, and instant transactions would be too hard to ignore to implement in the future.
However, if the Lightning Network turns out to become a centralized solution for Bitcoin (like many claims it will), then it would be doomed as only those with a lot of wealth and power would be able to participate in this ecosystem.
What are your thoughts about this? Is Lightning really centralized? Or Decentralized?
However, if the Lightning Network turns out to become a centralized solution for Bitcoin (like many claims it will), then it would be doomed as only those with a lot of wealth and power would be able to participate in this ecosystem.
What are your thoughts about this? Is Lightning really centralized? Or Decentralized?
The Lightning Network will probably have top-notch privacy features. It will be much more anonymous than ordinary Bitcoin transactions.
Some businesses will run cheap Lightning Nodes to collect and sell data. Lightning users can either use these low-cost lightning nodes,or, use higher-cost, more privacy oriented payment channels.If the network is built by an organisation my take is it will be centralised
All Lightning nodes in the US will be forced to register as banks, thinking that they will be allowed to run a private bank without adhering to the AML ,
shows either a innocence or a stupidity on how things in the US work.
The US already forces compliance from foreign banks , expect the same to happen to any node that allows a US IP to connect.
LN records will be made available to all governments that request it or they will be shut down and their operators in jail.
And the reason only the rich will be able to run LN hubs is they will be the only ones able to afford a banking license.
Time to grow up people, the Bankers are taking over Bitcoin/LN and you can't run it out of your Mom's basement anymore.
You want decentralization & freedom of a coin not controlled by a banking cartel, you better start looking into alts.