I've had so much faith in lightning for so many years it really kills me to agree with you, but today I think I finally can.
The way I see it, there are 4 _Bad_ Problems with Lightning that stop adoption:
1. Inbound liquidity is needed - In practice this requires custodial wallets. (& autobalancing costs money!)
2. Bad UX - (Not UI, but the difference to users in applepay and ensuring channels are liquid.) This will likely requires AI to fix! (But then that would be a security problem)
3. Lower security than on-chain (no hardware wallets for lightning) How can we move to the 2nd layer if we only think of the base chain as a safe place to store our wealth?
4. Possibility of being forced to pay channel open/close fees. Imagine having a bank account that regularly debited you for fees for what they do on the backend. Ain't nobody gonna put up with that in the long run!
There are certainly other problems but these four are biggies because they seem impossible to crack. Man I hope I'm wrong but that's how it looks today.
LukeParker / luke
npub12u4…8pyh
2023-12-15 23:30:56
in reply to nevent1q…v43p
Author Public Key
npub12u423pq5c6c5gvyzlekk5u9s5ksnyd27yemuvu3l9gpqpcnx545s6f8pyhPublished at
2023-12-15 23:30:56Event JSON
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"content": "I've had so much faith in lightning for so many years it really kills me to agree with you, but today I think I finally can.\n\nThe way I see it, there are 4 _Bad_ Problems with Lightning that stop adoption:\n\n1. Inbound liquidity is needed - In practice this requires custodial wallets. (\u0026 autobalancing costs money!)\n\n2. Bad UX - (Not UI, but the difference to users in applepay and ensuring channels are liquid.) This will likely requires AI to fix! (But then that would be a security problem)\n\n3. Lower security than on-chain (no hardware wallets for lightning) How can we move to the 2nd layer if we only think of the base chain as a safe place to store our wealth?\n\n4. Possibility of being forced to pay channel open/close fees. Imagine having a bank account that regularly debited you for fees for what they do on the backend. Ain't nobody gonna put up with that in the long run!\n\nThere are certainly other problems but these four are biggies because they seem impossible to crack. Man I hope I'm wrong but that's how it looks today.",
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