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A latest ballot on X has reignited debate concerning the Lightning Community’s position within the Bitcoin neighborhood.
Greater than 80% of respondents stated they do not see the Lightning Community as “actual” Bitcoin
BTC
$102,383.16
.
The Lightning Community was created to make Bitcoin transactions quicker and cheaper. Folks can ship small quantities of Bitcoin with very low charges, usually only a fraction of a cent.
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That is totally different from on-chain transactions, which may change into pricey, particularly for smaller funds.
In a put up on X, Paul Sztorc argued that the Lightning Community has not lived as much as its promise. He stated:
Lightning appears cool at first, however after yr six, you notice it doesn’t work.
He pointed to ongoing challenges, together with the necessity for nodes to remain related to the web and the reliance on giant liquidity suppliers and watchtowers for safety.
Storc too described the Lightning Community neighborhood as a “cult” and claimed the system is successfully custodial.
Alex Gladstein responded by calling Sztorc’s feedback “really superb” and reaffirmed his perception that the Lightning Community permits Bitcoin to perform as digital money.
Developer Matt Corallo famous that the community processes numerous small funds. He estimated that “effectively into double-digit % of BTC transactions at the moment are Lightning”, and described these dismissing its progress as “disconnected from actuality”.
Bitfinex not too long ago reported that Bitcoin could not expertise its ordinary November rise this yr. Why? Learn the total story.
