Damus
Zed profile picture
Zed
@Zed
Lost $300k SATs to errors in channel state on lightning cln. Ik its fast but nothing beats the decentralized ledger of btc.

No backups
No channel state to keep track or SQL db to secure

Thousands of nodes around the world are your backups. When you're oggline, the nodes and miners aren't. You can literraly dissappear, move yo another country, lose your computer to a flood, change your identity, and your bitcoin will be exactly where you left them. Now that's perfect money.

Lightning still requires trusting a single point of failure: someone that is going to run channels honestly and hope their database doesn't get corrupted.

Bitcoins ledger is permanent backed by thousands of layers of encryption and isbackeduop on thousands of nodes around the world (including your own if you host it).

Security > convenience

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