The Lightning Network is so Great that it Has all Kinds of Problems

According to the author, Lightning will be successful at enabling micropayments but it will fail to be a useful solution for larger payments because it requires tying up a lot of capital for extended periods of time.  

The author happens upon what should probably be called the Bitcoin Creed: "We all want to live in a world where bitcoin is the main dominant currency of the land and, due to its deflationary nature, is always on average worth more than what we started with."


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