The State Of The Lightning Network

Sam Wouters of River delivers his state of the lightning network address.

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[rewe]

My problem with LN is that it incentivizes users to use custodial wallets (much easier and cheaper). 1:8 ratio is absolutely TERRIBLE and it will get even worse as on-chain fees go up.

If that ratio goes too high we might end up with a fractionary reserve system based on Bitcoin, becoming what it was made to destroy.

[distantyahoo]

this still doesn't scale... since opening a payment channel will still price out most people with transaction fees

[joebob]

purposely limiting block size to force a second custodian layer to harvest fees and control seems to be more true by the day

[comelybecky]

Lightning just moved the centralisation off-chain. What an absolute mess.

[taccntb]

Screw lightening network. Its a joke and technically not feasible.

[hayleylewis]

why is running a lightening node so freekin complicated? it is getting ridiculous expensive to move bitcoin off the exchanges. it seems You have to be a coding genius to use the lightening network. What the F#$K! why isn't there a podcaster who can explain it without ignoring this fact?