Its not a single ledger and you dont need permission from a miner everytime you wish to transact
The network itself is very centralized.
"if the 100 routers with the highest simulated traffic increased their transaction fees to close to on-chain fees, the majority of payment sources would have no less expensive option to route their payments."
"90% of the nodes only correspond to 10% of the cumulative betweenness of all nodes. Consequently, this indicates an extraordinarily high network centralization, where 90% of the shortest paths in the network lead through only a few highly centralized nodes"
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this does not spark joy
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