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692 sats \ 1 reply \ @blocktock 17 Apr 2023 \ on: Custodial Lightning is Great bitcoin
It is until it isn't.
Ideally businesses will be building less convenient solutions, storing servers and setting up businesses in more obscure locations. The West could be a big weakness for Lightning Network, in terms of infrastructure. Leading the way, but we can't always rely on rule of law in these jurisdictions to support the globe. As we have seen with exchanges and organisations like Paxful recently. More draconian regs are coming down the pipe with the Restrict act and other branches of it. It hasn't hit home that the very same laws extend to these platforms. It's going to force us to adopt non-custodial Lightning much much more. Starting 2024.
Good example. Agree they have VASP definition for LN banks. Life will be tough likely.
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