Media Log on Nostr: > There are profound problems with the Lightning Network, not least of which is that ...
> There are profound problems with the Lightning Network, not least of which is that you have to access the blockchain just to to to use the Lightning Network, which means that transaction fees are $50 on the main network. You have to pay $50 just to open up a lightning channel on the main chain, which doesn't make any sense. Now there's all all kinds of deep technical problems with lightning, which now people are starting to acknowledge, okay, all these promises didn't pan out. Oopsie. We don't really have a plausible mechanism for making Bitcoin turning Bitcoin into cash.
Published at
2024-12-26 00:06:13Event JSON
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