SBW on Nostr: A better question might be: is there really that much demand for Bitcoin payments? If ...
A better question might be: is there really that much demand for Bitcoin payments? If yes, why not make it a custodial protocol to start with to remove all the complexities of a truly decentralized system?
The reasons I ask is because:
1) payments is a highly competitive industry with very low margins, LN will be constantly fighting all the world's banks and payment systems (and musk soon), and it's going to be an uphill battle for LN because it's a decentralized system and fiat solutions are actually reliable and pretty neat UX wise.
2) Non-custodial low-value payments do not have quite the same ring as non-custodial storage of large amounts of value, I fail to see why any kind of censorship resistance is even needed in majority of LN payments.
The reasons I ask is because:
1) payments is a highly competitive industry with very low margins, LN will be constantly fighting all the world's banks and payment systems (and musk soon), and it's going to be an uphill battle for LN because it's a decentralized system and fiat solutions are actually reliable and pretty neat UX wise.
2) Non-custodial low-value payments do not have quite the same ring as non-custodial storage of large amounts of value, I fail to see why any kind of censorship resistance is even needed in majority of LN payments.