5 ms·

The article mentions LN and says it may be able to scale, but not without centralizing on large hub nodes, for reasons detailed here: https://medium.com/@jonald

• sunshinerag 4y ago
  Thanks for sharing the article. But it doesn’t refute the premise that Bitcoin scales to far more transactions than what is stated in this article. Lightning already facilitates several magnitudes higher transaction numbers. https://bottlepay.com/blog/bitcoin-lightning-benchmarking-performance https://bottlepay.com/blog/bitcoin-lightning-benchmarking-pe... Re: the authors notion that hubs are going to be huge and are going to be bank like. I think it is going to reflect societal trust model where it is employed. In a low trust environment there is going to be more hubs . In a high trust environment people would prefer to defer routing to few hubs. If hubs engage in censorship there is minimal barrier for anyone to start their own hubs and route as they prefer. This is my hypothesis anyway. Also I take serious issue with the notion that any solution that is not VISA scale is automatically ruled out. There is a lot of middle ground in organic bottom up solutions.