'The Lightning Network' Does Not Exist
--------------------
- Many people refer to the aggregate of all lightning channels as 'The Lightning Network' but this is a false premise. There is no singular 'Lightning Network' but rather many payment channels between distinct peers, some connected with each other and some not.
- Lightning as an interoperable payment protocol between professional custodians seems to have found solid product market fit. Expect significant volume, adoption, and usage going forward.
- Lightning as a robust sovereign payment protocol has yet to be battle tested. Heavy reliance on Tor, which has had massive reliability issues, the friction of active liquidity management, and lack of strong privacy guarantees put it at risk.
https://www.discreetlog.com/the-lightning-network-does-not-exist/
ODELL
npub1qny…95gx
2023-03-09 16:42:28
Author Public Key
npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gxPublished at
2023-03-09 16:42:28Event JSON
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"content": "'The Lightning Network' Does Not Exist\n--------------------\n\n- Many people refer to the aggregate of all lightning channels as 'The Lightning Network' but this is a false premise. There is no singular 'Lightning Network' but rather many payment channels between distinct peers, some connected with each other and some not.\n- Lightning as an interoperable payment protocol between professional custodians seems to have found solid product market fit. Expect significant volume, adoption, and usage going forward.\n- Lightning as a robust sovereign payment protocol has yet to be battle tested. Heavy reliance on Tor, which has had massive reliability issues, the friction of active liquidity management, and lack of strong privacy guarantees put it at risk.\n\nhttps://www.discreetlog.com/the-lightning-network-does-not-exist/",
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