3 ms·
It doesn’t. Because on-chain transactions are (or will be) too expensive and slow for most people, creating a big business opportunity for middlemen.
by Robotbeat 6y ago
It doesn’t. Because on-chain transactions are (or will be) too expensive and slow for most people, creating a big business opportunity for middlemen.
- gruez 6y ago>creating a big business opportunity for middlemen ...or decentralized settlement networks like LN.
- suikadayo 6y agoNot really decentralized when people have to rely on third party apps like Strike to open channels for them, or they have to open the channels themselves while both users are online. It’s a mess from a usability standpoint.
- Robotbeat 6y ago...which again provides an opportunity for middlemen.
- deleted 6y ago[deleted]
- alexmingoia 6y agoDecentralized =/= middlemen. Relying on a third party isn’t centralization.
- CharlesW 6y ago> ...or decentralized settlement networks like LN. Not very, though. Lightning recentralizes the Bitcoin blockchain to improve efficiency. "10 percent of [Lightning] nodes control 80 percent of funds on the network." — Bitcoin’s Lightning Network Is Growing 'Increasingly Centralized,' Researchers Find[1] [1] https://www.coindesk.com/bitcoins-lightning-network-is-growing-increasingly-centralized-researchers-find https://www.coindesk.com/bitcoins-lightning-network-is-growi...