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1. LN is not deployed because it is conservatively developed like all development in a space with $500B on the line. 2. My claim is simply that Bitcoin is wort
by agorabinary 9y ago
1. LN is not deployed because it is conservatively developed like all development in a space with $500B on the line.
2. My claim is simply that Bitcoin is worth significantly more with LN than without? You then take a more preliminary argument that Bitcoin is worthless to begin with, which is laughable.
3. 6 on-chain transaction fees that support millions of off-chain payments. And your hub argument is a feature of a distributed network itself, not of LN in particular. Say a "hub" emerges and starts charging fees. Market competition paired with efficient routing solves this easily.
If you don't understand Brahm's argument, I suggest reading through it again. He's a pretty smart guy when it comes to distributed networks.