Post
Topic
Board Bitcoin Discussion
Re: Isn't Lightning Network bad for Bitcoin?
by
davis196
on 29/06/2022, 05:58:42 UTC
Hello everyone!
I was thinking about one thing, Satoshi once said:
"In a few decades when the reward gets too small, the transaction fee will become the main compensation for [mining] nodes. I’m sure that in 20 years there will either be very large transaction volume or no volume."

As far as I know, in Lightning Network transactions, miners are not paid. So, doesn't this thing affect Bitcoin Network? If miners don't get enough fees to have a decent profit, they will be likely to stop mining.

Can someone explain this situation?

You should learn how the Lightning Network works first and then create forum posts asking questions. I'm not an expert on LN, but I don't think that there are "miners" in the Lightning Network. However, I might be wrong about this.
I guess that we will have to wait until 2029 and see if Satoshi was right. There's still a small possibility that the Bitcoin Core blockchain will have no transactions by 2029. I think that the blockchain will adapt and improve, so we shouldn't worry about that.
I'm sure that after the next halving in 2024, the Bitcoin price will move in the 50K-150K USD frame, so the miners will get big enough transaction fees to cover their costs and make profits. The green energy will get cheaper as well.