Quote from: Anon136 on June 28, 2018, 09:03:49 PM

Quote from: mymenace on June 28, 2018, 08:55:52 PM

Quote from: Anon136 on June 28, 2018, 08:51:51 PM

Quote from: Ibian on June 28, 2018, 04:41:16 PM

Quote from: Anon136 on June 28, 2018, 04:22:02 PM

Quote from: Ibian on June 28, 2018, 04:18:21 PM

Quote from: Anon136 on June 28, 2018, 04:15:34 PM

Quote from: TReano on June 28, 2018, 03:58:23 PM

Even if so: LN is by design centralized.

This is the big fallacy. Bro, Lightning Network does't make bBitcoin centralized because Lightning Network ISN'T BITCOIN.

So it's not bitcoin being moved around?

Sorry you are right. FTFY

Is that a yes or no?

Well it's a yes to my original statement but once I revised my statement it became a question that doesn't apply to what I'm saying.

Lightning network (like a credit card system) is the idea of large nodes inclusive of fees and mining working the chain and little nodes assisting in confirming it all (akin to satoshi's idea)
Analogy - Credit cards/paypal/etc on top of banking chain

The problem with lightning is who has the big nodes

decentralization is the key (the nodes or replace with sidechains instead)
whilst distributed lightning network is designed to centralize and control

It's a permissionless system. The nodes are anyone who wants to be a node. You can be a node if you want. How big those nodes need to be depends on how low of a fee users want. Individuals will have to make that choice. It will be a trade off. Do they want a smaller fee and a bigger node or a bigger fee and a smaller node or a few smaller nodes. That trade off will be a function of the demand for transactions and the progression of technology (assuming the bitcoin community is willing to increase the block size as technology improves, I for one support this).

Give me enough money and I have no care for your bitcoin blockchain

I will own all the nodes

"Referencing Rothschild on the banking system and government"