Are you not advocating for centralization? For non-sovereign usage?
I'm acknowledging reality. A central bank is centralized, a decentralized network of institutions is not. It's sovereign as there's no gatekeepers to becoming an institution. Lightning nodes are institutions and this will become more self-evident over time.
because the actual benefit is so good.
That's the point, there is no benefit, it's ALL bullshit.
deferring high tide (big amount of people making transactions at once) into low tide (a time like now)
It does neither since it doesn't pull forward transactions, they delay them until crisis and the chain is needed for adjudication. The fud around Lightning LSP exit storms is infinitely worse with covenant coordinators.
the ideal doesn't work out
The ideal for most is some fantasy where the majority of the planet, that doesn't have any money, will magically start using Bitcoin day-to-day.
That's never going to work out.
Institutions and the golden billion (really more like golden 200M) will use the chain as they use the financial system today, for ACH's and Wires. This is good since the ideal isn't working out, and can't work out, because of the supply constraint.
I'm acknowledging reality. A central bank is centralized, a decentralized network of institutions is not. It's sovereign as there's no gatekeepers to becoming an institution. Lightning nodes are institutions and this will become more self-evident over time.
That's the point, there is no benefit, it's ALL bullshit.
It does neither since it doesn't pull forward transactions, they delay them until crisis and the chain is needed for adjudication. The fud around Lightning LSP exit storms is infinitely worse with covenant coordinators.
The ideal for most is some fantasy where the majority of the planet, that doesn't have any money, will magically start using Bitcoin day-to-day.
That's never going to work out.
Institutions and the golden billion (really more like golden 200M) will use the chain as they use the financial system today, for ACH's and Wires. This is good since the ideal isn't working out, and can't work out, because of the supply constraint.