0 sats \ 3 replies \ @clownworld 23 Jul 2023 \ parent \ on: Is Lightning Scaling Bitcoin in a Way Nobody Predicted? - Bitfinex blog bitcoin
And what happens when people come after you? Haven’t you seen all the censorship and debanking perpetrated by governments, banks, payment companies, smears by political groups, etc.??
Oh, so you can hold your bitcoin, but even though LN is taken everywhere, you can’t use it because all the wallet and node operators and exchanges have to ban you to comply with their overseers…
This is not a small problem. Self custody is a huge and fundamental problem.
You should know that bott.ly were the first who started censoring LN transactions and whitelisting node pubkeys.
They filed bankruptcy recently.
I agree the situation is not ideal but the bar for competition with banks and payment services is really low.
reply
You should know that bott.ly were the first who started censoring LN >transactions and whitelisting node pubkeys.
If a node does this, can we not also blacklist them for this behavior? Seems like an easy and democratic solution. Anyone in favor of censorship should be censored themselves. See if they don't change their mind rather quickly.
reply
Haven’t you seen all the censorship and debanking perpetrated by governments, banks, payment companies, smears by political groups, etc.??
Imagine you're in the stone age and want to exchange the fruits you gathered for a tool someone made. This someone doesn't like you for whatever reason and doesn't agree to exchange.
Does it matter how you pay? Bather? Physical cash? Centralized fiat? Onchain Bitcoin? Lightning? Custodial Lightning? No, it doesn't. If they don't want to they don't want to.
Oh, so you can hold your bitcoin, but even though LN is taken everywhere, you can’t use it because all the wallet and node operators and exchanges have to ban you to comply with their overseers…
The option to use custodial Lightning doesn't mean paying with self-custody Lightning is impossible.
Also, again: if they ban you, they ban you. No matter how you pay. Stop trying to break the laws of logic.
reply