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> For LN to claim to be p2p seems rather disingenuous, as everything about it is going to favor wealthy centralized payment processor hubs. Except this isn't t
by dpc_pw 9y ago
> For LN to claim to be p2p seems rather disingenuous, as everything about it is going to favor wealthy centralized payment processor hubs.
Except this isn't true.
- nosuchthing 9y agoIt is inherent to the architecture of the Lightening Network. Run a simulation with many p2p nodes in an adversarial payment routing network, and the inevitable statistical optimization will be centralized payment hubs controlled by wealthy users. Smaller less wealthy nodes will not be able to sustain routes and will be ignored. No one wants to keep paying fees to open up dozens of routes as if they're pre-depositing funds all the places they shop. What's the benefit here? Why not just use venmo, stripe, square, paypal?