You can always drop down a layer to "on-chain".  In addition, if Lightning has serious centralization issues (which I am not convinced it ever will) then a parallel 2nd layer and 3rd layer solutions would naturally become more popular and create competition... i.e. Liquid, ecash (cashu), Fedimints, etc.   

In short, this is a nothing burger.  Bunch of FUD.

miraclemarc

Does Calvin pay for his ChatGPT+ account?

Craig 2.0 on LLMs, this is gonna be ~~interesting~~ tiring.

south_korea_ln

Also an example, in which the author is a sufficient condition to disregard (or at least scrutinize more) the paper.

He is literally proved to be a fraud in the court.

Proof that it's hard to evaluate something objectively when you have a strong opinion about the author. 

Scoresby

plebpoet

Lumor

Guess the author before opening the link!

We show that as transaction demand grows, BTC’s cost structure becomes asymptotically prohibitive due to bounded blockspace, while LN’s costs flatten, favouring oligopolistic routing infrastructure. Using game-theoretic constructs and strategic equilibrium analysis, we prove that Lightning hubs evolve into quasi-monopolistic entities exerting control over liquidity and routing paths, creating closed-loop rent cycles and systemic centralisation. We analyse Lightning’s evolution into a shadow banking system, demonstrating parallels to historical financial collapse scenarios rooted in opacity, leverage, and regulatory absence.

https://arxiv.org/pdf/2506.19333

lightning

# Guess the author before opening the link!

> We show that as transaction demand grows, BTC’s cost structure becomes asymptotically prohibitive due to bounded blockspace, while LN’s costs flatten, favouring oligopolistic routing infrastructure. Using game-theoretic constructs and strategic equilibrium analysis, we prove that Lightning hubs evolve into quasi-monopolistic entities exerting control over liquidity and routing paths, creating closed-loop rent cycles and systemic centralisation. We analyse Lightning’s evolution into a shadow banking system, demonstrating parallels to historical financial collapse scenarios rooted in opacity, leverage, and regulatory absence.

Link: https://arxiv.org/pdf/2506.19333

Guess the author before opening the link!Guess the author before opening the link!