-1 upvotes, 1 direct replies (showing 1)
View submission: Lightning Network Megathread
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.
Comment by coinnoob at 03/01/2018 at 15:37 UTC
1 upvotes, 0 direct replies
This thread is full of re-posted quotes that make absolutely no sense in this context.
Exactly how is the damage going to be "routed around" in this case? If your Bitcoin are stuck in a channel between your node and a DDOS'd node you can't "route around" that problem -- your money is literally frozen until that service is unstuck.
Also, you can't "route around" the problem of high network fees. Centralization is a real problem.