Topic: 2017-10-09 Lightning Network Centralization Leads to Economic Censorship (Read 192 times)

deadsilent

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A few months ago, I wrote an article called “Mathematical Proof That the Lightning Network Cannot Be a Decentralized Bitcoin Scaling Solution”. It received quite a bit of attention, both positive and negative.

Now it seems that the realities of LN’s limitations are being accepted, and new narratives are forming to justify the continued morphing of Bitcoin into a settlement layer.

For example, here is a Reddit conversation that took place a few days ago. Our adversarial friend u/benjamindees seems to acknowledge that the Lightning Network will rely on large centralized hubs, but argues that this is no worse than large Bitcoin nodes:

Continue reading...https://news.bitcoin.com/lightning-network-centralization-leads-economic-censorship/

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