Post
Topic
Board Bitcoin Discussion
Re: Does Lighting Netowork really scale and for what cost?
by
DooMAD
on 02/01/2019, 19:42:07 UTC
B. no one said everyone.. but it shouldnt exclude a certain class of people.
i guess your greed of wanting bitcoin only for the privileged out weighs the old ethos of open borderless unbanked..
anyway
show me how LN fits the concept of bitcoin
"   A  purely   peer-to-peer   version   of   electronic   cash   would   allow   online
payments   to   be   sent   directly   from   one   party   to   another   without   going   through   a
financial institution.   Digital signatures provide part of the solution, but the main
benefits are lost if a trusted third party is still required to prevent double-spending"

If only a small number of nodes exist, those nodes would effectively become the new financial institutions that users on the network are forced to rely on.  Using Bitcoin isn't just about the cost of transactions, it's about the cost of being able to run a full node if you want to.  Obviously we know which of those qualities you're willing to throw under the bus to get what you want.  Just because you might be able to afford a high-bandwidth internet package with generous usage limits, it doesn't mean those in other parts of the world can.  Why do you want to exclude the non-wealthy from being able to run a node?