Well said, I think lightning will be the decentralized glue for all the less decentralized L2s
This makes sense to me. The implication seems to be that only a few large stackers will be able to be sovereign. Everyone else will be hodling in some form of custodial system. I’m optimistic that the community will eventually figure out a better and more decentralized layer.
Yeah, we're just going to need soft forks most likely
is lightning decentralized though?
yes, of course it is. we have a strict decentralization verification process. we guarantee decentralization by having every LN transaction’s route be chosen by a single server, kept in a closet at your mom’s house o.O
A paper from 2020 co-authored by Christian Decker shared that 10% nodes hold 80% liquidity: LN: A second path towards centralization of the bitcoin economy - https://arxiv.org/pdf/2002.02819.pdf Liquidity in 2024: https://mempool.space/lightning/nodes/rankings/liquidity Maybe someone could write another paper with present stats including use of custodial wallets