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Nikamoto
1897d
One thing I like, a lot, about LN, is that everyone is incentived really hard to develop this new ecosystem coz they'll host large hubs thanks to being early once LN is complete (if one day it is)
replied 1896d
I see that as its main weakness. This is why the BTC devs are disincentivised from improving the BTC network, and will instead try to push people to LN.
Nikamoto
replied 1896d
LN needs to be an "all in", and it fails Bitcoin has multiple forks. Not a weakness in my opinion but I understand what you mean
replied 1897d
The math does not check out.

Being in early is not enough, you have to have large amounts of funds kept online.

All aspects of LN points towards centralization.
replied 1897d
The current "incentive" is laughable, and it's uncertain that it will ever be adequate even for big players.
Nikamoto
replied 1897d
Don't you think big hubs will be wallet-hubs for instance ? At least these hubs will generate a lot of money, but maybe I'm wrong and the incentive is laughable
replied 1896d
generating a lot of money is fine as long as it is from providing a lot of value. banks generate a lot of money but through rent seeking. but maybe I'm misunderstanding you.