rare on Nostr: One of my main concerns is a lack of privacy features, scaling on-chain issues and ...
One of my main concerns is a lack of privacy features, scaling on-chain issues and potential centralization factor of the Lightning Network.
On the privacy issue, you brought up some great points with TheDesertLynx (npub1lva…fuw6)'s podcast about UTXOs can leak info... Maybe this is something that can be solved at the wallet level?
The scaling issues when the network gets congested as it is now is also a concern... I'm not technical enough to even begin to understand that from an engineering POV... but I have had a lot of individuals reach out because they're worried they might not be able to afford to use on-chain and opening channels still requires a UTXO commit which comes with fees... I think they're really nervous about Ordinals and NFTs on-chain...
And this then bleeds into the concerns of LN, where a good portion of users are using Custodial solutions. ODELL (npub1qny…95gx) brought up that users will tend to go to products that are much easier to use... I guess the issue is that not many people know about how LN works, the liquidity needs, and the privacy leaks on the receiving end... As you so famously shows people in your 5 min hack.
Just some things that I think about and have no clue where to even begin...
On the privacy issue, you brought up some great points with TheDesertLynx (npub1lva…fuw6)'s podcast about UTXOs can leak info... Maybe this is something that can be solved at the wallet level?
The scaling issues when the network gets congested as it is now is also a concern... I'm not technical enough to even begin to understand that from an engineering POV... but I have had a lot of individuals reach out because they're worried they might not be able to afford to use on-chain and opening channels still requires a UTXO commit which comes with fees... I think they're really nervous about Ordinals and NFTs on-chain...
And this then bleeds into the concerns of LN, where a good portion of users are using Custodial solutions. ODELL (npub1qny…95gx) brought up that users will tend to go to products that are much easier to use... I guess the issue is that not many people know about how LN works, the liquidity needs, and the privacy leaks on the receiving end... As you so famously shows people in your 5 min hack.
Just some things that I think about and have no clue where to even begin...