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Is bolt12 an attack? What is the argument against it?
It's considered an attack on LN. Some consider it against the idea of Bitcoin/LN. Sorry I don't have the references handy.
Lightning alone won't scale bitcoin
That's what the shitcoiners and spooks want you to think.
I think its just math
Are you talking about custodial LN? Yes, this is possible
Current state of channel factories could do a billion onboards a year. The math checks out.
The overall # of UTXO's is another matter, but that's a theoretical problem not an actual one.
Still a theory isn't it? Is there a channel factory operational today?
One with regarded assumptions, so it's a regarded theory yes.
Yes, every lightning node is a channel factory when it opts to do batch opens.
I've got my eye on it. Interested to see how it would work
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It's the only correct take.
It's also why Lightning is under attack.
With it's speed, scalability, and unrivaled privacy... it poses a threat to everything.
Attacks like BOLT12, Soft-forks, and ECash may try to corrupt it- but their lies can't survive the scrutiny of truth for long.
Like with all prior attacks against Bitcoin, these attacks on Lightning will only make it stronger. Lightning as the web language for money is inevitable.