CheezeGrater 🇿🇦
· 1w
Heard of lightning?
Lol. I'm extremely familiar with lightning. It is not a scaling instrument as its scale as a self custodial private means of exchange depends on the L1. The fee market determines the minimum force closure cost which affects the minimum safe balance to hold, and also determines how expensive channels are to open. Privacy is extremely network dependent and relies on strong UTXO hygiene and TCP/IP obfuscation above the base protocol.
All that doesn't matter anyway because most use lightning custodially or semi-custodially which beings me back to my original point of inevitable corporate and regulatory capture.