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?
I think it can be argued that lightning is mostly positive for Bitcoin and it would be worse without it. There’s always an incentive to open or close lightning channels, when the on-chain fees are low. This means it actually stabilises transaction volume, when it’s low, because then more lightning channel demand will come in.
All of this bashing of Layer 2s is useless, when it’s impossible at the moment to scale the mainchain without getting centralized. Every solution has tradeoffs, but this is one of the more elegant solutions. And Lightning has a ridiculous amount of theoretical troughput, which smokes every chain solution out of the water.
Lightning won’t take all the transactions out of the mainchain. It will make Bitcoin more usable for daily transactions, which in turn will make more attractive to more users. The mainchain will still have enough demand for other kinds of payments, and when demand there is low, lightning is actually helping out.