The article addresses the common FUD (fear, uncertainty, and doubt) surrounding the Lightning Network. Critics often claim that it’s heading toward centralization, works only in a custodial manner, or has seen limited adoption. However, the author argues that Lightning provides instant, global Bitcoin payments, which are completely private. Users can easily move funds from custodial wallets into cold storage, and for small-to-medium-sized transactions, the network is quite reliable, especially if users take time to set up strong payment channels with trusted peers.
The author highlights Stacker News as an example of a community working through challenges to embrace the benefits of instant Bitcoin payments, acknowledging that while neither Bitcoin nor Lightning is flawless, they both offer significant advantages and are incredibly powerful technologies.
The article addresses the common FUD (fear, uncertainty, and doubt) surrounding the Lightning Network. Critics often claim that it’s heading toward centralization, works only in a custodial manner, or has seen limited adoption. However, the author argues that Lightning provides instant, global Bitcoin payments, which are completely private. Users can easily move funds from custodial wallets into cold storage, and for small-to-medium-sized transactions, the network is quite reliable, especially if users take time to set up strong payment channels with trusted peers.
The author highlights Stacker News as an example of a community working through challenges to embrace the benefits of instant Bitcoin payments, acknowledging that while neither Bitcoin nor Lightning is flawless, they both offer significant advantages and are incredibly powerful technologies.