Oddbean new post about | logout
 Looking at the Lightning network traffic, it feels like running LN routing node is a race to the bottom. Want more transactions during low on-chain fees, lower the routing fees. Want to earn more from the routing, put more funds at risk and open more channels. Not sure how this all will evolve, with many custodial wallets pushing their customers to self-custody. I would still not recommend running your own LN node if you have low risk tolerance. Still reckless as hell and full of surprises. 🤔🫡 
 All true, but those same comments were made to Mayer Amschel Rothschild about banking.

We are not all destined to be Bitcoin banks or Bitcoin VISA 
 Totally! I am just worried that the network effect will die down and all LN will be centralized around few main hubs😭 
 That will inevitably happen. 

We want to stop that, but ultimately everything trends towards centralisation.

That doesn’t mean we should ever stop fighting for that to happen.