1 upvotes, 1 direct replies (showing 1)
View submission: Lightning Network Megathread
Denial-Of-Service including censorship. Bitcoin will be an non-Censored settlement-layer for a Censored-Centralized payment platform?
This is an honest question. My company depends on crypto to operate as it is not legal in many countries. If we support LN but have a well-known address will not this mean major hubs can deny us payments?
Comment by vegarde at 03/01/2018 at 08:53 UTC
-1 upvotes, 1 direct replies
I agree that there might be some temporal centralization. But the point is: This is a magnitude easier to deal with/solve than a centralized layer 1 (the blockchain itself).
The old meme, "the internet treats censorship as damage and routes around it" comes to my mind here. This is enteriely volountarily centralization, but if it causes damage, it will be routed around.