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I'm sorry, this simply isn't true. Lightning is exactly a method of settling Bitcoin fast, and not centralized. (Source: I implemented the first Lightning node

I'm sorry, this simply isn't true. Lightning is exactly a method of settling Bitcoin fast, and not centralized. (Source: I implemented the first Lightning node, was original chair of the spec process, and have worked full-time on Lightning for over 6 years).

rvz 4y ago
I'm sure 'Satoshi' also meant that Bitcoin was supposed to be a method for peer-to-peer payments and as an electronic cash system and not hijacked to be a 'store of value' or 'digital gold' to 'HODL' and speculate on. > I'm sorry, this simply isn't true. I'm sorry but anecdotes are not 'sources'. The Lightning Network is an off-chain 'layer 2' system that is NOT Bitcoin. It is centralized by design [0], defeating the entire point of using (and promoting) decentralized on-chain payments for Bitcoin. I hate to bring it to you, but much has changed after 6 years and the 13 years around the supposed original intention of Bitcoin. [0] https://iopscience.iop.org/article/10.1088/1367-2630/aba062 https://iopscience.iop.org/article/10.1088/1367-2630/aba062
easrng 4y ago
Unless you're part of a centralized settlement network that already has channels between nodes, you have to open and fund channels yourself which doesn't help one-off payments at all.