Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: The Lightning Network: A failure?
by
LoyceV
on 10/04/2024, 10:16:04 UTC
⭐ Merited by BlackHatCoiner (4)
Yes I think in a lot of way it's a failure, most Bitcoin maxis are in denial.

i just a saw tweet from a maxi telling people to use custodial lightning wallet - this is centralization. this is what we're trying to avoid. Goes against everything Satoshi envisioned
I'd argue a Bitcoin maximalist knows Bitcoin can't scale on-chain, and also knows it's okay to risk small amounts in a custodial wallet.

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I stopped running a lightning node because it's not real user friendly
Custodial LN is a lot more user friendly, and I don't mind paying a few cents in fees for that.

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IMO it's the only one that has a real chance to flip BTC.
Good tech isn't enough to become market leader. Monero will have to go up 550-fold to top Bitcoin.