Why The Bitcoin Lightning Network Doesn’t Work

So I guess I should start this off with a disclaimer: I actually love the Lightning Network. It’s one of my favorite parts of the Bitcoin protocol stack and I’ve followed it pretty closely for years. If Lightning didn’t exist, I would still own Bitcoin, but I would be much less optimistic about its potential future. I don’t see many real alternatives to scaling that don’t involve custodians, trust and the erosion of the properties of self-sovereignty for most people on the poorer end of the wealth spectrum.


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